ABB Ltd (ABB) continues to flex its global muscle. On Sept 18th, ABB announced it had won an order worth $25 million from Chile’s leading transmission utility, Transelec SA. Add this new contract to ABB’s pre-existing $25.9 billion backlog.
The contract will call upon ABB to provide an SVC Light (Static VAR Compensation) installation for Transelec SA’s, Cerro Navia substation, which brings power to the metropolitan area of Santiago. ABB will participate in each phase of the project, from design, supply, installation, and commission of a static compensator (STATCOM), which uses the company’s proprietary SVC Light technology to stabilize voltage fluctuations in the grid. According to the company’s website, the project is expected to be completed by 2011.
If you’ve never heard of it, SVC light is part of ABB’s FACTS (flexible AC transmission systems) technology and it’s some really neat stuff. Without being too technical, the FACTS technology allows optimal power to reach the customers with lower investment costs and shorter implementation times than the option of building new transmission lines or power plants. Think about it this way – the FACTS technologies allow existing customers to receive better, cleaner and more efficient power without a complete transmission overhaul. The FACTS works because of its optimizing voltage and stability issues…
At this time, ABB has over 700 FACTS installations operating or in construction across the globe. And with a global reach of more than 100 countries, we expect FACTs to produce still more growth that will help “globalize” our portfolio.