ABB today announced the award of $30m (£19m) from Hydro One Network 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, and provides fast-acting reactive power compensation in high-voltage electricity networks.
In operation, SVC compensates for fluctuations in the voltage and current of an electric grid, allowing more power to flow through the network.
ABB says it is currently executing two similar projects for Hydro One, which owns and operates Ontario's 29,000km high-voltage transmission network that delivers electricity to large industrial customers and municipal utilities.
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