Name

Transmission Developers

Legal name

Transmission Developers Inc.

Website

https://chpexpress.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Electric Power Transmission Infrastructure

NAICS

Electric Bulk Power Transmission and Control (221121)

SIC

Electric Services (4911)

akta.pro primary industry

HVDC Transmission Systems & Converter Stations (EUADAAAE)

akta.pro secondary industries

HVDC Converter Stations & HVDC Transmission EPC (EUAEABAD), HVDC Cables & Overhead Lines (Subsea, Underground, Overhead) (EUADAMAB), HVDC Converter Transformers, Reactors & Harmonic Filters (EUADAMAC)

Keywords

• HVDC transmission infrastructure
• Clean energy transmission
• Merchant transmission services
• Wholesale power delivery
• Renewable power interconnection

Headquarters

HQ city

Albany

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Transmission Services Revenue: CHPE LLC operates as a Merchant Transmission Facility offering Transmission Services in accordance with the NYISO Open Access Transmission Tariff. The company sells transmission capacity to qualified parties through open solicitation processes approved by FERC and NYISO.
2. Long-term Power Purchase Agreement: The project has a contract with NYSERDA (New York State Energy Research and Development Authority) to deliver clean hydropower. Hydro-Québec's contract with the State commenced on June 1, 2026.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Transmission Developers develops and operates large-scale, fully-buried High-Voltage Direct Current (HVDC) transmission infrastructure. Its flagship asset, the Champlain Hudson Power Express (CHPE), is a 339-mile HVDC line delivering up to 1,250 MW of clean Canadian hydropower into the New York City grid. The company sells transmission capacity under the NYISO Open Access Transmission Tariff and operates as a Merchant Transmission Facility within NYISO.

Product overview

Transmission Developers develops clean energy transmission projects using proven HVDC cable technology. The primary product is the Champlain Hudson Power Express (CHPE), a 339-mile fully-buried HVDC transmission line delivering 1,250 MW of hydropower from Quebec to New York City. The company is also developing the New England Clean Power Link in Vermont. CHPE connects through a converter station in Astoria, Queens, where HVDC power is converted to AC for the NYC grid. Supporting offerings include the Green Economy Fund ($40M workforce development initiative) and the Champlain Hudson Environmental Trust ($117M environmental fund). The CHPE OASIS system handles transmission operations within the NYISO framework.

Differentiator

Problem solved

Functional benefit

Brands

• Champlain Hudson Power Express: A 339-mile fully-buried HVDC transmission line delivering 1,250 MW of hydropower from Quebec to New York City, providing up to 20% of the city's power needs.

Products and services

• Champlain Hudson Power Express (CHPE)
• New England Clean Power Link
• Astoria Converter Station
• Astoria-Rainey Cable (ARC)

Quantifiable outcome

• Delivers 1,250 MW of clean energy, equivalent to 20% of NYC's energy needs
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core, major and supporting.

• Hydro-QuébeccoreStrategic or Co-development Partner · 20 September 2021Hydro-Québec is the power supplier for CHPE, delivering clean hydropower from Quebec to New York City. The partnership includes a long-term contract with the State of New York commencing June 1, 2026. Hydro-Québec also partners on community programs including the Green Economy Fund and environmental initiatives.
• New York State Building and Construction TradescoreStrategic or Co-development PartnerMajor Project Labor Agreement executed to ensure CHPE construction is performed by union workers. The project created 1,400+ union jobs with commitment to utilizing organized labor throughout construction.
• Con EdisoncoreStrategic or Co-development PartnerCon Edison is the local utility receiving power delivery at the Astoria converter station. An agreement ensures ratepayer protection and that Con Edison customers are not responsible for any project costs.
• New York Power Authority (NYPA)majorStrategic or Co-development PartnerNYPA helped prepare the grid infrastructure in Queens that allows clean power from CHPE to flow into NYC, playing a key role in connecting the project to the local grid.
• Mohawk Council of Kahnawà:ke (MCK)majorStrategic or Co-development PartnerHistoric agreement where MCK became joint owners of a 400-kV underground transmission line from the Hertel substation in La Prairie to the US border, connecting with CHPE. Represents Indigenous partnership in clean energy infrastructure.
• NYSERDAcoreStrategic or Co-development PartnerLong-term contract holder for clean energy delivery. CHPE was selected through NYSERDA's Tier 4 renewable energy procurement to help meet New York State's climate goals under the Climate Leadership and Community Protection Act.
• Hudson River FoundationsupportingStrategic or Co-development PartnerThe foundation received $3.5M in funding commitments under the Champlain Hudson Environmental Trust (CHET) to support seven research and restoration projects in Lake Champlain and the Hudson and Harlem Rivers.
• Queens TogethersupportingGTM or Marketing PartnerCHPE partnered with Queens Together to create a restaurant guide supporting locally-owned Astoria businesses during project construction, demonstrating community engagement during the construction period.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Others

• Prysmian Group: World's largest manufacturer of HV and submarine power cables, including HVDC cable systems used in buried/subsea transmission projects like CHPE; comparable as the primary cable technology and supply partner for HVDC transmission infrastructure.
• Hitachi Energy (formerly ABB Grid Solutions): Leading global supplier of HVDC converter stations, cables, and FACTS equipment — the underlying technology provider for projects like CHPE; comparable as the core enabling technology vendor for HVDC transmission.

Direct peers

• LS Power Grid: Develops and operates large-scale, competitive transmission infrastructure across the U.S., including merchant HVDC-style projects — comparable in business model as an independent transmission developer/operator.
• SOO Green HVDC Link: Developer of a buried HVDC transmission line planned to run through the Midwest; uses the same underground HVDC cable concept as CHPE to move renewable power between regions.
• Hydro-Québec (TransÉnergie): Operates one of the largest HVDC transmission networks in North America and is CHPE's exclusive power supplier; directly comparable as an HVDC system operator and counterparty on the same corridor.
• Anbaric Development Partners: Northeast-focused developer of HVDC and merchant transmission projects delivering renewable energy to load-constrained markets; directly comparable in technology (buried/submarine HVDC) and customer set (NYISO, New England utilities).

Broad incumbents

• New York Power Authority (NYPA): New York State's largest public power organization, owning and operating transmission assets statewide including the grid infrastructure that delivers CHPE power into Queens; comparable as a major Northeast HV transmission owner.
• National Grid plc: Major investor-owned T&D operator with extensive HV/HVDC assets in the U.S. Northeast; comparable as a regulated transmission owner operating alongside CHPE in the same NYISO/NEISO markets.
• Avangrid (Iberdrola): Owns and operates electric transmission across New York and New England through its NYSEG and RG&E subsidiaries; comparable as a regulated T&D incumbent sharing the NYISO footprint with CHPE.
• Con Edison: Investor-owned utility serving NYC and Westchester that receives CHPE power at the Astoria converter station; comparable as a regulated electric transmission and distribution operator in the same NYC market.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/CHPExpress

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Transmission Developers