China, in pursuit of its economic objectives, has been persistently increasing generation capacity. A significant proportion of demand for FACTS in...
The Role of FACTS in the Chinese Market
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SVCs/STATCOMs
Hydrogen: A future energy vector for U.S.
As hydrogen markets gain traction, countries around the world are adopting policies and making strides in adopting hydrogen as a new energy vector...
Middle East and Europe Steered the Global FACTS Market in 2021
• The FACTS market has gained a lot of traction across the globe in various application verticals, especially in the renewable sector. • In 2021,...
Technology Evolution of FACTS in the Americas
Static VAR Compensator (SVC) is a conventional FACTS technology and has been a part of power grids across the globe for many decades. Advancement in...
Decommissioning of Conventional Power Plants Driving the FACTS Market
• The EU Commission has set an ambitious target for EU countries to increase their share of renewable energy to 40% of final consumption by 2030.•...
Finland’s Success with Nuclear Repository to Affect Energy Mix in Countries
According to Power Technology Research, Finland’s electricity generation installed capacity accounted for 15.16 GW in 2020. Wind and solar...
The STATCOM Synopsis – Encapsulating 5 years of the Market
The infographic presents an overview of STATCOM market in North America which includes provides a quick summary on installed base, competitor...
European Climate Law to be the Lifeline out of Pandemic
The pandemic shrunk the EU’s economy by 6.1% in 2020. The European Climate Law proposes a 55% reduction in net greenhouse gas emissions by 2030,...
Vietnam – A Key T&D Market in Southeast Asia
Summary Electricity demand in Vietnam has grown 10% year on year for the last five years mostly due to new manufacturing facilities. Vietnam’s GDP...
Overview of SVC & STATCOM Market in APAC
Flexible AC Transmission Systems have been serving T&D sectors all across the globe. However, when we specifically talk about APAC region, the...
A promising year for the STATCOM market
The Static Synchronous Compensator (STATCOM) is one of the most sophisticated technology under the umbrella of Flexible AC Transmission Systems...
Texas Power Grid Failure: Timeline of Events & Possible Grid Changes Ahead
The recent Texas power failure has exposed the vulnerability of not just conventional power generation but renewable generation to frigid temperatures.