ABB has won a $330 million contract to supply new high-voltage direct current (HVDC) converters that will enable the efficient transmission of electricity from hydroelectric power plants in Tajikistan to consumers in Pakistan.
Almost all existing fossil fuel and nuclear generation assets are coming to end-of-life by 2050. They will have to be replaced. Academic studies show clearly that renewables will replace them close to 100% of the time.
The global smart grid market will nearly double by 2020, reaching $73 billion in annual revenue and $461 billion in cumulative profit, predicts Navigant Research.
The HVDC transmission breakthrough holds the potential to significantly lower the cost of transporting and distributing clean, renewable power locally, as well as from remote wind and solar power installations. […]
Finally. We are starting to get the high-voltage direct current (HVDC) transmission system we need to shift massive amounts of wind power from all those empty states where all the wind is, to all the full ones where all the people are. Green Car Congress reports that Siemens is starting to build the much-needed grid that it takes.
