Market developments toward grid modernization
17%
Compound annual growth rate (CAGR) at which the U.S. SCADA market revenue is expected to grow during the 2014 to 2020 period
At this point, the CAGR for U.S. SCADA (supervisory control and data acquisition) market revenue has increased from $0.8 billion in 2009 to $2.3 billion in 2013. Primarily, this revenue was generated through the retrofit market, which accounted for a share of nearly 70 percent. Revenue is...
Reducing engineering costs using IEC 61850 BY ADAM GAUCI, Schneider Electric As substation automation is moving towards software environments based on the International Electrotechnical Commission’s substation automation standard, IEC 61850: “Power Utility Automation”, the engineering process...
One of the important trends in design of new overhead lines over the past 20 years has been development of structures and designs that are less obtrusive and more pleasing visually. Much the same process has also been going on at substations. For example, even 25 years ago, efforts had already been...
The increasing frequency and intensity of climate-related disasters are placing unprecedented strain on the world's electricity networks, with severe implications for global energy security. According to a recent Bloomberg report, the effects of climate change are pushing many electricity grids to...
Most utility customers now pay an average price for electricity that changes little (if at all) over the course of the year. Average, flat-rate, real-time pricing is akin to a form of insurance, where a premium is paid to hedge against market volatility and price spikes. Yet this approach misses...
In the rapidly evolving landscape of power grid management, digital twin technology is emerging as a game-changer for substations. By creating virtual replicas of physical assets, digital twins bridge the gap between the physical and digital worlds, enabling enhanced operational efficiency and...
Artificial intelligence (AI) is transforming various industries, and the power sector is no exception. AI-powered substation automation is revolutionizing grid operations by enhancing efficiency, reliability, and responsiveness. This article delves into the role of AI in substation automation,...
The increasing frequency and intensity of climate-related disasters are placing unprecedented strain on the world's electricity networks, with severe implications for global energy security. According to a recent Bloomberg report, the effects of climate change are pushing many electricity grids to...
High Voltage Direct Current (HVDC) technology is revolutionizing long-distance power transmission, offering improved efficiency and reliability over traditional alternating current (AC) systems. This article explores the latest developments and applications of HVDC substations, providing a...
As substations become more interconnected and automated, they are increasingly vulnerable to cyberattacks. These critical nodes of the power grid are essential for ensuring a stable and reliable energy supply, making their protection paramount. This article delves into the latest cybersecurity...
The transition to renewable energy is reshaping the power landscape, with grid-scale battery storage systems playing a pivotal role in this transformation. These systems are crucial for balancing supply and demand, particularly at the substation level, where they enhance grid stability and...
