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==Linden VFT==
[[General Electric]] installed a 3 × 100 MW VFT substation in [[Linden, New Jersey]], in the United States in 2009. It connects the power systems of [[PJM Interconnection|PJM]] & [[New York Independent System Operator]] (NYISO). This installation is in parallel with three existing phase-shifting transformers to regulate synchronous power flow.<ref>{{cite web |url=http://geenergyfinancialservices.com/press_releases/view/140 |title=GE to Offer Additional Electric Transmission Capacity from its Smart Grid Transformers at New Jersey Power Plant |author=<!--Staff writer(s); no by-line.--> |date=11 Dec 2012 |website=GE Energy Financial Services Press Release |access-date=7 Apr 2014}}</ref>
==Economics of energy trading==
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