“Advancements in Renewable Energy Integration, Grid Modernization, and Digitalization”
- Widespread Adoption of Voltage Source Converter (VSC) Technology: Over 60% of new HVDC projects in 2023 and 2024 utilized VSC technology for its enhanced control, flexibility, and compatibility with renewable energy sources, supporting efficient grid integration.
- Integration of Digitalization and IoT: The adoption of IoT and digital technologies in HVDC systems grew by 25% in 2024, enabling real-time monitoring, predictive maintenance, and advanced fault detection for improved grid reliability.
- Miniaturization of HVDC Components: Advancements in converter technologies, such as Modular Multilevel Converters (MMCs), have led to a 20% increase in compact HVDC systems, ideal for space-constrained applications like offshore wind farms.
- Rise of Multi-Terminal HVDC Systems: The deployment of multi-terminal HVDC systems increased by 15% in 2024, enhancing system flexibility and supporting cross-border power trading and renewable energy integration.
- Focus on Energy-Efficient HVDC Designs: Over 30% of new HVDC systems in 2024 prioritized low-loss transmission, aligning with global sustainability goals and reducing carbon footprints in power delivery.
- Growth of Online Procurement Channels: Online sales of HVDC components grew by 10% annually, driven by e-commerce platforms catering to utility companies and infrastructure developers.
