“Superconductor specialist Zenergy Power said on Monday it had been contracted by Con Edison to build and test a “Smart Grid” device to improve the stability and reliability of New York City’s electrical system.

“The equipment, known as a Fault Current Limiter (FCL), instantly detects and absorbs spikes in power that, left unmanaged, could damage electrical equipment or trigger power outages.”

Full article: http://www.reuters.com/article/rbssUtilitiesElectric/idUSBNG43277720090420