Latest news with #gridmodernization
Malay Mail
a day ago
- Business
- Malay Mail
Sifang Hosts Landmark Power Technology Forum: Global Experts Chart Path for Grid Modernization
Sifang Hosts Landmark Power Technology Forum: Global Experts Chart Path for Grid Modernization MANILA, PHILIPPINES - Media OutReach Newswire - 27 June 2025 - The "New Technology of Power System" forum concluded today in Manila, emerging as a pivotal platform for international dialogue on energy innovation. Co-hosted by Beijing Sifang Automation Company and the Institute of Integrated Electrical Engineers of the Philippines (IIEE), the summit drew industry leaders, technical experts, to address challenges facing modern power event boasted a distinguished roster of attendees, including Engineer Alberto R. Herrera Jr., National President of IIEE, Engineer Cleofe T. Caidic, IIEE's Technical Affairs Vice President,and executives from Beijing Sifang Automation Company, including Chairwoman Gao Xiuhuan, Vice President Liu Shu and President Assistant Zhang Xing, joined forces with Leaders and representatives of National Grid Corporation of the Philippines(NGCP), The Manila Electric Company (Meralco), State Nuclear Electric Power Planning Design & Research Institute Philippines, Northeast Electric Power First Engineering Philippines., and other representatives from utilities, EPC, developer, and the media rounded out the off the forum, Ms. Gao Xiuhuan's opening address underscored technology's role in global energy transitions, setting the stage for technical deep-dives. Engineer Herrera followed with a call to action on cross-industry collaboration, while Engineer Caidic's keynote "Empowering the Grid" outlined Philippine strategies for infrastructure upgrades through technical training and following keynote speeches of the day are given by technical elites from Sifang. Ms. Li Wei proposed HVDC solutions for the Philippines' archipelagic grid challenges. Mr. Wang Jikang shared insights on STATCOM and grid-forming technologies for renewable integration. Mr. Zou Dengfeng discussed EMS/DMS applications for green grid stability. Ms. Zhang Jiamei advocated for wide-area monitoring systems based on her Imperial College research. Mr. Xu Kehan addressed relay protection innovations for modern power systems. Mr. Luo Nuo wrapped the forum with "Generation-Grid-Load-Storage Monitoring and Control", emphasizing the need for unified control systems."We see this forum as a very good chance to make friends, share views, and take good advice" said Ms. Gao in her opening remarks," In the future, we will dedicate ourselves to making more contributions to the Philippines' power systems".The forum concluded with an evening gala, where bilateral discussions laid groundwork for future tech transfers and joint R& Sifang Automation Company, as a leading force in power automation technology within China and a globally recognized innovator in the field, founded in 1994 and headquartered in Beijing, China, has established branches in several overseas locations, including India, the Philippines, and Kenya. Sifang provides products and solutions across various sectors of the power system, covering generation, transmission, distribution, consumption, and storage. Its offerings include protection, automation, power electronics, switchgear, energy storage, and smart SIFANG's products are distributed globally, with exports to over 90 countries across Southeast Asia,Central Asia, Africa, the Americas, and Europe. More than 2 million intelligent electronic devices (IEDs) and tens of thousands of automation systems are operating safely and reliably in domestic and international #Sifang The issuer is solely responsible for the content of this announcement.
Yahoo
20-06-2025
- Business
- Yahoo
North American Air Circuit Breaker Market worth $1.08 billion by 2030
DELRAY BEACH, Fla., June 20, 2025 /PRNewswire/ -- The North American Air Circuit Breaker Market is anticipated to grow from estimated USD 0.82 billion in 2025 to USD 1.08 billion by 2030, at a CAGR of 5.7% during the forecast period. The North American Air Circuit Breaker (ACB) Market is likely to continue experiencing steady growth up to 2030, driven by growing investments in grid modernization, industrial automation, and renewable energy infrastructure in the United States and Canada. With aging legacy electrical systems and the growing need for uninterrupted power supply, utilities, commercial buildings, and industrial plants are turning toward ACBs due to their reliability, superior breaking capacity, and simplicity of integration with smart monitoring systems. Federal investment programs such as the IIJA (Infrastructure Investment and Jobs Act) and the Inflation Reduction Act are directing significant investment toward developing substations, transmission infrastructure, and power distribution systems. ACBs have an essential function in protection and load control. Besides that, the growth in renewable energy installations, electric vehicle charging points, and data centers has increased demand for high-endurance, flexible switchgear that can handle load fluctuations and grid complexity, further supporting the demand for air circuit breakers. Technological improvements in arc flash protection, remote diagnostics, and modular designs improve ACB applicability in today's power infrastructure. As the North American continent moves toward a digital, resilient, and sustainable grid power infrastructure, there are enormous opportunities for ACB manufacturers to address transforming utility, commercial, and industrial needs with next-generation technologies. Browse in-depth TOC on "North American Air Circuit Breaker Market" 100 - Tables50 - Figures200 – Pages Download PDF Brochure: By type, air blast circuit breakers are expected to hold larger market share throughout forecast period The air blast circuit breaker segment is expected to capture a significant share of the North American Air Circuit Breaker Market during the forecast period because of its better performance traits and applicability in medium-voltage and high-demand applications. Air blast circuit breakers utilize compressed high-pressure air to rapidly and effectively extinguish arcs, and as such, are suited for applications that demand the high-speed interruption of fault currents, such as power plants, industrial substations, and extensive business complexes. Their high-speed performance capability to manage frequent operations and guarantee greater electrical safety ranks them higher than simple air circuit breakers in mission-critical applications. In addition, air blast breakers generally represent lower maintenance requirements and longer life cycles, which add to their attractiveness for utility and industrial customers looking for long-term dependability and operational efficiency. As North America continues replacing aging infrastructure and incorporating renewable energy and distributed generation, demand for high-performance, arc-resistant switching technologies such as air blast circuit breakers is anticipated to grow steadily. By voltage, low voltage segment to account for majority of market share throughout forecast period. The low-voltage segment is anticipated to hold a larger market share of the North American Air Circuit Breaker Market during the forecast period, owing to its extensive usage in industrial, commercial, and infrastructure sectors. Low-voltage air circuit breakers, rated below 1 kV, play a vital role in the protection of electrical circuits in industrial plants, commercial facilities, data centers, hospitals, and institutional building environments where electrical security, equipment protection, and continuity of power are paramount. They are preferred due to their simplicity of installation, economic implications, and compatibility with intelligent monitoring systems and are, therefore, appropriate for contemporary energy management approaches. Also, contributing to the growth is the relentless growth of data centers, fast-paced commercial growth, and the upgrading of electrical infrastructure in cities throughout the US and Canada. As the focus on energy efficiency, automation, and smart grid compatibility intensifies, the low-voltage ACB segment is poised to continue leading the market. US to lead North American market during forecast period During the forecast period, the US is expected to dominate the North American Air Circuit Breaker Market due to massive infrastructure upgrades, increasing industrial automation, and robust policy support for clean energy integration and grid reliability. As the American government launches projects under the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), considerable investments are going into modernizing substations, replacing old switchgear, and making power distribution networks more resilient. The nation's strong industrial sector, increasing data center count, and increasing use of clean energy sources such as wind and solar have increased the need for smart air circuit breakers to manage power safely and efficiently. Moreover, the mandatory safety measures and energy efficiency standards imposed by organizations such as the US Department of Energy (DOE) are speeding up the integration of smart, low-maintenance ACBs for digital monitoring. Based on a well-developed electrical infrastructure and aggressive efforts in energy transition, the US will lead the region's market in terms of volume and value. Key Players Some prominent players in the North American Air Circuit Breaker Market are ABB Ltd. (Switzerland), Schneider Electric (France), Mitsubishi Electric Corporation (Japan), Eaton (Ireland), and Siemens AG (Germany). These players aggressively invest in product innovation, regional production expansion, and strategic acquisitions to meet the region's increasing demand for sophisticated circuit protection systems. As North America's electrical infrastructure undergoes digitalization, decarbonization, and decentralization efforts, these companies target intelligent air circuit breakers with IoT-based monitoring, arc flash protection, and remote diagnostic capabilities. The focus is on providing compact, cybersecure, and easy-to-maintain ACBs capable of facilitating renewable energy integration, critical infrastructure, and high-density urban developments. Partnerships with utilities, electric contractors, and grid operators form the core of their plans, particularly in aligning the design of products with changing safety codes such as UL, IEEE, and NEC standards. In addition, further investment in domestic manufacturing and R&D facilities in the US and Canada makes it possible to achieve quicker delivery cycles, customized product configurations, and compliance with federal infrastructure programs, cementing these companies' leadership roles in industrial, commercial, and utility markets. Request Sample Pages: ABB (Switzerland) ABB (Switzerland) is a global technology leader in electrification and automation that offers a complete line of low- and medium-voltage air circuit breakers across North America for industrial, utility, and infrastructure purposes. Its Emax and Tmax ACBs are widely used across mission-critical environments and enable intelligent protection, load management, and energy monitoring capabilities in all applications. ABB understands and embraces digital power management, as its ACBs integrate with digital solutions inherently, and its ACBs also feature communication protocols such as Modbus and Ethernet, which allow for rapid adoption of Industry 4.0. Aside from established channels, ABB invests heavily in emerging technologies such as predictive diagnostics, arc flash protection technologies, and compact modular designs that minimize space and keep workers safe working in data centers, commercial buildings, and industrial plants. ABB is increasingly embracing sustainability through its EcoSolutions product line, which includes air circuit breakers manufactured with recycled materials and a reduced CO2 footprint. In North America, ABB persists in developing its service and distribution network and working with EPCs, OEMs, and utilities on modernization and electrification initiatives under federal energy programs. Schneider Electric (France) Schneider Electric (France) is one of the key manufacturers in the North American ACB market. It supports market evolution with advanced and digitally connected solutions through its MasterPact and ComPact ACB brands. Schneider Electric embedded advanced digital trip units into its air circuit breakers (ACBs) to provide smart capabilities, such as real-time data acquisition, fault diagnostics, and remote operation, to better protect its customers' industrial and commercial facilities. Schneider Electric met the stressed energy management, operational safety, and regulatory compliance demands of the electricity grid and corporate responsibility for safety, decarbonization, and net-zero transitions of power-critical spaces in healthcare, manufacturing, and data center markets. Its EcoStruxure platform connects ACBs to cloud-based analytics that assess energy demands to assist with load optimization, condition monitoring, and predictive maintenance solutions. Schneider Electric in North America is increasing its manufacturing footprint and investing in partnerships with local utilities, contractors, and systems integrators to provide market access and knowledge on innovative infrastructure development. While investing in social impact initiatives, Schneider Electric is committed to decarbonization and resiliency by developing energy-efficient and low-GWP ACB systems that align with education on developing green building codes and net-zero environmental targets. For more information, Inquire Now! Related Reports: Switchgear Market Circuit Breaker Market AC Circuit Breaker Market Get access to the latest updates on North American Air Circuit Breaker Companies and North American Air Circuit Breaker Industry About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. 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Forbes
16-06-2025
- Business
- Forbes
Florida Power & Light's Proposed Rate Hike May Raise Electricity Bills
When Florida Power & Light requested a nearly $9 billion rate increase over four years, it landed with a thud—threatening to add even more financial strain to already burdened Florida households, many of whom have seen bills rise by 20% in the last five years. However, the utility's PR machine has kicked into high gear to explain its position: it must fund grid modernization, clean energy expansion, and infrastructure upgrades. There's no question FP&L must modernize its grid and expand its clean energy portfolio. But affordability matters. Regulators must find a middle ground—approving some rate increases while capping excessive profits, mandating transparency, and requiring support for vulnerable customers. 'There's no reason we should have the highest return on equity in the nation. It's a tax increase on Floridians because you don't have a choice but to pay your electric bill. We should not have some of the highest electricity bills in the nation,' because consumers run their air conditioners much of the year, says Bradley Marshall, senior attorney with Earthjustice, in a virtual conversation. In February, FP&L—the wholly owned subsidiary of NextEra Energy—asked the Florida Public Service Commission to grant it a $8.961 billion rate hike from January 1, 2026, to December 31, 2029. A household using the average 1,200 kilowatt-hours per month would see its monthly bill rise, initially, by $10 in 2026—a number that would continue growing through 2029. Zane Smith, senior director for the AARP in Florida, told me that escalating energy bills force seniors into a cruel dilemma: choosing between running their air conditioners and filling prescriptions or buying groceries. Many are on a fixed income, unable to pay higher energy bills—something that could lead to heat-related illnesses or even death. Part of the problem is that the utility seeks an 11.9% return on equity, notably higher than the national industry average of 9.6%. The company argues that this ensures financial stability and attracts investors. However, Florida residents have already seen their electric bills rise by 20% over the last five years. Indeed, some analysts argue that FP&L's rate request is more about improving shareholder value than servicing the state's electricity customers. 'This massive rate increase is not because of investments in renewable energy, but because of FP&L's continued need to increase the return on equity for their shareholders,' says Brooke Ward, senior Florida organizer for Food and Water Watch, in a chat. 'It's also because hundreds of millions of dollars are invested in fossil fuels. When we look at our moderate-income families in urban areas, a quarter of those currently have an energy burden of 12% or more, which means they are in energy poverty.' That's why the Florida Public Service Commission is in the eye of the storm. The commission, though, has a track record of greenlighting steep rate hikes, raising concerns about the public's interest. Consider: the Florida Supreme Court previously questioned the commission's approval of a $4.8 billion rate increase in 2021, suggesting that regulatory oversight might be lacking. Specifically, Florida Supreme Court Justice Carlos Muñiz lambasted the public service commission, saying it lacked transparency and didn't adequately justify why it granted the last hike—after the commission's staff advised against it. 'The PSC is a black box,' he told the Florida press. 'It's supposed to be the opposite of a black box.' 'The Florida Public Service Commission is really captive to the utilities,' which are significant participants in the state's political arena, making huge donations to elected officials and sponsoring charitable events, adds Susan Glickman, vice president of policy with the Clio Institute, in a talk with me. Utilities must prioritize investing in critical projects that benefit the public. FP&L must deliver reliable, affordable electricity—even as it faces mounting challenges from climate extremes and population growth. That's where grid modernization comes in: a smart grid can reroute power during congestion and prevent outages before they happen. To that end, the utility claims its distribution reliability is 59% better than the national average. It also stated that its investments in technology enabled it to prevent 2.7 million customer outages in 2024, when Hurricanes Debby, Helene, and Milton struck. This track record has been achieved as it has added 275,000 customers since 2021 and is set to add 335,000 more through 2029. According to the U.S. Energy Information Administration, natural gas accounts for 73% of the utility generation mix, nuclear for 11%, and solar for 14%. 'First, customers don't open up an ROE; they open up an electricity bill, which is expected to remain well below the national average even with the proposed increase. Ultimately, ROE is about our ability to obtain capital to continue making smart investments on behalf of customers,'Andrew Sutton, spokesperson for FP&L, told me. 'Planning for the future and investing in the grid now actually reduces cost over time for everyone,' FP&L's CEO Armando Pimentel, added, on FP&Ls site. FP&L's rate request is a tricky balancing act—at the intersection of grid modernization, shareholder returns, and customers' bills. It is known for being reliable, but it still heavily depends on fossil fuels. The utility's nearly $9 billion rate hike request is, therefore, a tough sell—especially with such a high return on equity. While investment and upgrades are necessary, the company shoots for the moon. Regulators should pare back the return, require cost transparency, and ensure low-income protection. The overarching goal is to support a resilient grid without overburdening Floridians.
Globe and Mail
10-06-2025
- Business
- Globe and Mail
Tantalus Systems Announces Voting Results for Annual General and Special Meeting
Burnaby, British Columbia--(Newsfile Corp. - June 10, 2025) - Tantalus Systems (TSX: GRID) (OTCQX: TGMPF) (" Tantalus" or the " Company"), a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data, today announced the voting results of the Company's annual general and special meeting of shareholders held on June 10, 2025 (the " Meeting"). Election of Directors The following eight nominees of management were elected as directors at the Meeting. The voting results for the election of each director nominee are as follows: Appointment of Auditors At the Meeting, Ernst & Young LLP was appointed as auditors of the Company for the ensuing year, at a remuneration to be fixed by the directors. Approval of Amended and Restated Omnibus Long Term Incentive Plan At the Meeting, the amended and restated omnibus long term incentive plan and all unallocated options, rights, and other entitlements thereunder were approved by an ordinary resolution of disinterested shareholders. About Tantalus Systems Holding Inc. (TSX: GRID) Tantalus is a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data across all their devices and systems deployed throughout the entire distribution grid. We offer a grid modernization platform across multiple levels: intelligent connected devices, communications networks, data management, enterprise applications and analytics. Our solutions provide utilities with the flexibility they need to get the most value from existing infrastructure investments while leveraging advanced capabilities to plan for future requirements. Learn more at Contact Tantalus: Deborah Honig Investor Relations 647-203-8793 | deborah@ Website: Linkedin: Linkedin/company/tantalus X (formerly Twitter): @TantalusCorp
Zawya
10-06-2025
- Business
- Zawya
Oman: NEDC strengthens future-readiness amid grid expansion challenges
MUSCAT: Nama Electricity Distribution Company (NEDC) has pledged to vigorously address any vulnerabilities - legal, digital, and operational—that could impact the company's future resilience and its alignment with Vision 2040 energy goals. Potential challenges, cited in its 2024 Annual Report, include smart meter data inconsistencies, delayed SCADA integration in rural zones, and ongoing legal disputes tied to land access for substation projects—factors that could delay Oman's grid modernisation efforts and expose the company to compliance risks. 'Readings from smart meters were occasionally inconsistent due to discrepancies during the integration of legacy platforms post-merger,' the report notes. While NEDC has deployed over 1 million smart meters—achieving 75% national coverage—the integration of disparate systems inherited from the 2023 utility consolidation has created data quality gaps. This raises concerns over billing accuracy, energy auditing, and real-time load management, particularly as the utility sector becomes increasingly digitised. In parallel, the report reveals delays in achieving full operational control across NEDC's diverse service regions. 'Progress in integrating remote monitoring with regional control centres is ongoing, with delays in full real-time observability in rural zones,' the report says. This limited grid visibility in certain governorates means parts of the network remain vulnerable to manual fault detection, delaying outage responses and reducing the effectiveness of smart infrastructure investments. The report also discloses that 'legal proceedings related to disputes over right-of-way and land access have been initiated in two governorates'. These disputes have the potential to impact grid expansion timelines, especially for primary substations serving planned residential and industrial areas. Despite these risks, NEDC maintained its core performance indicators, including RO 307 million in revenue and a 3.6% increase in customer accounts. The company has also invested RO 154 million in capital expansion, while achieving an Omanisation rate of 98.6%. Yet the road ahead will require more than technical upgrades. Stronger regulatory alignment, proactive community engagement on land access, and cyber-governance reforms will be crucial to ensure NEDC not only grows—but does so sustainably.
