ABB has won an order worth $30 million from Hydro One Network Inc., one of Canada’s leading power utilities, to provide a turnkey static Var compensator (SVC) solution for a substation serving the Toronto area.
ABB will design, supply, install and commission the system, which is scheduled for completion by 2011. SVC is part of ABB’s group of FACTS (flexible alternating current transmission systems) technologies, which includes solutions to enhance the capacity, reliability and efficiency of existing power transmission systems and contributing to the evolution of smarter grids. ABB is currently executing two similar projects for Hydro One.
“The SVC technology being deployed, will help improve grid stability and deliver reliable, quality power to consumers in the region,” said Peter Leupp, head of ABB’s Power Systems division. ”It will enable more electricity to be transmitted over the existing network, with minimum environmental impact.”
FACTS technologies reduce the need for capital investment, saving time and reducing the complexity associated with construction of new power plants or transmission lines. ABB is a global leader in the growing field of FACTS and has more than 700 such installations in operation or under construction around the world.