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Annual revenue from FACTS to top $5 billion by 2022

from Renew Grid

Worldwide revenue from flexible alternating current transmission systems (FACTS) will surpass $5 billion annually in 2022, according to a new report by Navigant Research. FACTS, the research firm notes, include an array of technologies, such as series compensation (SC) solutions, static volt-ampere reactive compensators (SVCs) and static synchronous compensators (STATCOMs), that can improve the reliability and stability of the high-voltage (HV) transmission grid. more

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