Aug 26, 2021
As electrical transmission grid operators continue to face increasing demand and complexity given today’s global energy transition, GE Renewable Energy’s Grid Solutions business [NYSE:GE] offers unique, innovative, and industry-leading technologies. Four exciting project wins, two Static Var Compensator (SVC) and two Static Synchronous Compensator (STATCOM) projects, have recently been awarded to GE’s Grid Solutions, reflecting customer’s confidence in GE’s Reactive Power Compensation technologies.
Today’s transmission grids are expected to carry power in ways they were never originally designed to accommodate, and GE’s patented SVC and STATCOM solutions provide efficient, dynamic solutions to the constraints faced by utility and transmission network operators worldwide.
“SVC and STATCOM technologies are designed with our customers in mind, highly reliable and easy to integrate into both existing and new infrastructures,” said Fabrice Jullien, Global FACTS Business Leader for Grid Integration Solutions, GE Renewable Energy’s Grid Solutions business. “Utility and transmission network operators recognize that these solutions are more and more required to provide dynamic voltage support while maintaining the reliability and efficiency of the power supply in the growing changing conditions of grids networks with the introduction of renewables power sources.”
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Each of these exciting new projects around the globe will help provide reliable power:
“With these four new projects aligned with the energy transition taking place worldwide, GE reaffirms its strong position and focus in the power electronics space and more globally in FACTS. Both STATCOM and SVC are key solutions to help address our customer’s requirements to dynamically integrate renewable generation on to grid networks that were not originally designed with that in mind,” added Jullien.