Hudson Transmission Partners, LLC

What Hudson Transmission Partners, LLC does

Hudson Transmission Partners, LLC (HTP) is a private Connecticut-domiciled LLC that develops and operates the Hudson Transmission Project, a 660 MW High Voltage Direct Current (HVDC) back-to-back electric transmission link between Ridgefield, New Jersey and Manhattan's West Side (Hell's Kitchen). The roughly seven-mile route runs almost entirely underground and underwater, with submarine cable buried beneath the Hudson River using jet plow technology. The system uses Siemens thyristor-valve AC-DC-AC converter technology at a station in Ridgefield, NJ, and Prysmian 345 kV AC and submarine cable, connecting the PJM grid at PSE&G's Bergen Substation to ConEdison's W. 49th Street Substation under NYISO market arrangements. Two-way power transfer capability supports emergency grid reliability and access to renewable resources for New York City.

The asset was developed following a 2005 public solicitation by the New York Power Authority (NYPA); HTP was selected in November 2006 and obtained all major federal, state, and local permits between 2009 and 2010. Construction began in May 2011 and commercial operation commenced in June 2013, six weeks ahead of schedule. The project was originally formed as a partnership among Hudson Power Ventures, Anbaric Power, and Triton Partners, and is now managed by PowerBridge, LLC, with Argo Infrastructure Partners identified as a principal investor. PowerBridge also operates the sister Neptune Regional Transmission System and is developing additional transmission projects.

HTP generates revenue primarily through long-term, regulated transmission services to NYPA for delivery of up to 660 MW to NYC public customers, with cost recovery (including nearly $180 million in NJ transmission system upgrades) flowing through FERC-regulated transmission rates. There is no public pricing or revenue disclosure; customer concentration is essentially a single anchor off-taker (NYPA), with ConEdison, PSE&G, PJM, and NYISO functioning as interconnection and grid counterparties rather than independent revenue customers.

Name

Hudson Transmission Partners, LLC

Legal name

Hudson Transmission Partners, LLC

Website

https://hudsonproject.com

Company type

Private

Founded year

2006

Operating status

Operating

Short description

Hudson Transmission Partners operates a 660 MW HVDC electric transmission link between Ridgefield, NJ and Manhattan under a long-term contract with the New York Power Authority, supplying NYC with new power capacity, grid reliability, and renewable access.

Ownership category

akta.pro rank

Product category

Electric Transmission Infrastructure

NAICS

Electric Bulk Power Transmission and Control (221121), Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911)

akta.pro primary industry

HV Transmission Asset Owners (Transmission Companies/Transcos) (EUADAAAC)

akta.pro secondary industries

HVDC Cables & Overhead Lines (Subsea, Underground, Overhead) (EUADAMAB), HVDC Converter Stations & HVDC Transmission EPC (EUAEABAD), Transmission & Distribution Line Equipment (Bushings, Insulators, Arresters, Conductors, Hardware) (IMAGAAAF)

Keywords

• High voltage transmission
• HVDC infrastructure
• Power transmission services
• Electric grid interconnection
• Transmission line construction

Headquarters

HQ city

Fairfield

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Transmission Services Revenue: Revenue generated from transmitting up to 660 MW of power from New Jersey to New York City under long-term contract with New York Power Authority (NYPA). Provides new source of electric power for NYC customers of NYPA.
2. System Upgrades Cost Recovery: Cost of nearly $180 million in transmission system upgrades in northern New Jersey borne by the project, recovered through transmission rates.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Hudson Transmission Partners owns and operates the Hudson Transmission Project, a 660 MW High Voltage Direct Current (HVDC) back-to-back converter transmission system that links Public Service Enterprise Group's (PSE&G) substation in Ridgefield, New Jersey with Consolidated Edison's (Con Edison) West 49th Street substation in Manhattan, New York. The project uses approximately 7.5 miles of underground cable, with the company holding the rights for the underwater segments, and has been in commercial service since 2013 under a 25-year agreement with the New York Power Authority.

Product overview

Hudson Transmission Partners, LLC operates the Hudson Transmission Project as its primary product offering. This is a single, unified infrastructure product: a 660 MW HVDC electric transmission link between New York City and New Jersey. The system consists of a back-to-back converter station in Ridgefield, NJ (using Siemens technology), underground/upland cables on both sides of the Hudson River, and submarine cables buried beneath the river. The project connects the PJM grid to ConEdison's system in Manhattan, providing power supply to NYPA customers, improved reliability, and access to renewable energy resources. There are no separate modules, sub-products, or add-ons.

Differentiator

Problem solved

Functional benefit

Products and services

• Hudson Transmission Project A 660 MW HVDC back-to-back converter transmission interconnection linking PSE&G's Ridgefield, New Jersey substation to Con Edison's West 49th Street substation in Manhattan, using approximately 7.5 miles of underground cable and rights to the underwater segments; in commercial service since 2013 under a 25-year agreement with the New York Power Authority.

Quantifiable outcome

• 660 MW new power supply capacity for NYC
• +4 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

Seven partnerships are on record, tiered primary customer, parent/management company, core technology partner, supporting partner, grid operator partner and regulatory partner.

• New York Power Authority (NYPA)primary customerOthers · 28 November 2006NYPA issued public solicitation in spring 2005 for new electric power capacity for NYC customers. NYPA selected Hudson Project in November 2006. Project provides transmission services to NYPA's public customers in NYC.
• PowerBridge, LLCparent/management companyStrategic or Co-development PartnerParent company responsible for development, financing, construction, and ongoing operation and management of Hudson and Neptune projects. Leading developer of non-utility, privately financed electric transmission systems in the U.S. with more than 1300 MWs of transmission capacity developed and $1.5 billion+ investment.
• Siemens Power Transmission and Distributioncore technology partnerTechnology or IntegrationWorldwide technology provider responsible for high voltage conversion equipment. Provided back-to-back converter station technology using thyristor valve systems. Previously built Neptune converter stations on Long Island and in Sayreville, NJ.
• Prysmian Cables and Systemscore technology partnerTechnology or IntegrationWorldwide cable systems supplier specializing in manufacture and installation of undersea cable. Supplied 345 kV AC land-based cable and submarine cable. Previously supplied 65 miles of high-voltage cable for Neptune Project with 50 miles buried under sea.
• ESS Group, Inc.supporting partnerImplementation/ SI/ Consulting PartnerFull-service environmental and engineering firm engaged as environmental consultant for obtaining major permits. Provided environmental services for obtaining necessary permits from various state and federal agencies.
• PJM Interconnectiongrid operator partnerStrategic or Co-development PartnerRegional Transmission Organization managing electricity grid across 13 states. Project connects to PJM grid at PSE&G Bergen Substation in Ridgefield, NJ. Project executed interconnection agreements with PJM.
• Federal Energy Regulatory Commission (FERC)regulatory partnerOthersFederal agency that approved detailed transmission system modifications and improvements studies required for project interconnection. Oversight of transmission rates and reliability standards.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Others

• Siemens Energy (HVDC division): Core technology partner that supplied the HVDC back-to-back converter station for HTP and Neptune. Listed as a peer because Siemens Energy is the dominant HVDC technology provider whose product roadmap and pricing directly affect HTP's capex and operating economics.

Direct peers

• Trans Bay Cable: A 400 MW HVDC submarine transmission link connecting Pittsburgh, CA to San Francisco under San Francisco Bay. Direct peer in subsea HVDC transmission using Siemens technology, comparable in scale and operating model.
• Neptune Regional Transmission System: Sister project developed and operated by the same PowerBridge team (same parent company). Neptune is a 660 MW HVDC submarine cable connecting New Jersey to Long Island, using the same Siemens and Prysmian technology stack — making it the closest functional and operational analog to Hudson.
• Anbaric Transmission: Anbaric Power, LLC was one of HTP's three original founding partners and continues to develop HVDC and merchant transmission projects in the Northeast. Direct comparable as a privately developed, non-utility transmission project developer.
• Champlain Hudson Power Express: A proposed ~1,250 MW HVDC submarine transmission line bringing hydropower from Quebec to NYC via the Hudson River corridor. Direct peer in HVDC submarine transmission serving NYC electricity demand, with overlapping regulatory and routing considerations.

Broad incumbents

• NextEra Energy Transmission: Transmission subsidiary of NextEra Energy, one of the largest US electric transmission developers with assets across multiple ISOs. Broad incumbent peer in transmission development and ownership with established grid integration capabilities.
• ITC Holdings (ITC / Fortis): One of the largest independent transmission-only utilities in the US, operating high-voltage transmission systems across multiple states. Broad incumbent peer in pure-play transmission ownership and operation, though at much larger scale and across broader geography than HTP.
• LS Power: Large US energy and transmission infrastructure developer/owner that has developed competitive HVDC projects (e.g., Cross-Tex, others) and merchant transmission assets. Comparable as a privately developed, contracted transmission developer with similar GTM motion to HTP.

Emerging players

• Clean Line Energy Partners: Developer of long-haul HVDC transmission projects to deliver wind energy to load centers. Comparable as an independent HVDC project developer with similar permitting and contracted revenue model, though most projects are earlier stage than Hudson.
• SOO Green HVDC Link: Proposed 2,400 MW HVDC underground cable project running along railroad rights-of-way from Iowa to Chicago to deliver renewable energy. Emerging peer in HVDC transmission technology with similar regulatory and financing model, though focused on renewables integration.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Hudson Transmission Partners, LLC