NewEnergyNews More: NEW ENERGY WANTS ‘FACTS’ TRANSMISSION

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    • Tuesday, August 5, 2014

    NEW ENERGY WANTS ‘FACTS’ TRANSMISSION

    Renewable Energy Pushing Utilities & Grid Operators To Invest In FACTS

    Joshua S. Hill, July 30, 2014 Clean Technica

    “Though the first flexible alternating current transmission systems (FACTS) were implemented in electric grids in the 1920s, the recent surge in renewable energy deployment has rapidly increased their demand…[A]ccording to a new report compiled by Navigant Research, utilities and grid operators are soon to be investing more than $42 billion into FACTS between 2014 and 2022…Flexible alternating current transmission systems mitigate drops in voltage across a power grid…[W]ith the recent increase in renewable energy sources being installed across energy grids the world over, FACTS have become a necessity…The study also showed that the FACTS industry will surpass $5 billion in annual revenue worldwide by 2022…” click here for more

    click to enlarge

    posted by Herman K. Trabish @ 5:06 AM

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