Offshore substation market to reach $9,9 B by 2032
The offshore substation market is projected to reach from $6,5 B in 2024 to $9,9 B by 2032, growing at a CAGR of 6.1 % during the forecast period 2024 – 2032.
Transmission and distribution market to exceed $300 B by 2031
Investments in power T&D systems have prospered on the back of ever-growing need for increasing the performance and stability of grids.
FPL enhances transformer damage surveillance after storms
USA, Florida: Florida Power & Light Co. (FPL) has introduced drone technology which will help the company survey damage to electrical equipment, including transformers, after storms or hurricanes, and the mobile command centre which can go into heavily damaged areas.