The dynamic power flow control technology from Smart Wire Grid converts an existing transmission line into a controllable and observable Smart Wire. As the exhibitors explain, the result is the ability to shift power away from overloaded lines or onto underutilized lines while
Venture capital (VC) funding in smart grid technology companies stood at Rs 616.10 crore ($101 million) in 21 deals in first quarter of 2014. In comparison, fourth quarter of 2013 saw investments worth Rs 902.80 crore ($148 million) in 31 deals. Smart Grid Communication technology companies received the most VC funding raising Rs 378.20 crore ($62 million) in 11 deals.
The majority of electricity transmission systems in service today are high-voltage alternating current (HVAC) systems that rely on many of the same technologies that existed at their conception more than 100 years ago. Today, however, the rapid worldwide expansion in large-scale wind and solar projects, coupled with the growth of heavy industry in Latin America, South Africa, and other regions, is providing new opportunities for flexible alternating current transmission systems (FACTS).