#grid modernization

This partnership plans to deploy advanced conductor tech across U.S. power grid, aiming to double transmission capacity and accelerate modernization.

GIS bushing market will grow from $747 M in 2024 to $986 M by 2031, with a 4.0 % CAGR during the review period.

Siemens Energy highlights infrastructure and supply challenges as data centers face mounting pressure for faster, reliable power to support AI growth.

$41 M will fund new substations and transmission lines, supporting 42,000 NYSEG customers and advancing a $20 B Northeast grid upgrade plan through 2030.

The global instrument transformers market is forecast to grow at a CAGR of 7.7 % from 2023 to 2031, reaching $ 8.9 B by 2031.

Seneca Park Avenue substation revamp will enhance reliability, modernize aging infrastructure, and support growing power needs in West Irondequoit.

The medium voltage switchgear market is projected to grow from $44.92 B in 2024 to $60 B in 2029, growing at a CAGR of 5.6 %.

Utah and Indiana have passed bipartisan laws to boost grid capacity using advanced transmission tech, cutting costs, easing congestion, and meeting rising energy demand.

Governor Hochul announces $12 M to fund technologies that improve grid reliability and support clean energy integration across New York State.

Upgraded infrastructure aims to improve reliability in Venango and Crawford Counties.

Thomas Kiessling, CTO at Siemens Smart Infrastructure, believes local flexibility markets can transform grid management and speed up the shift to cleaner energy.

The new Mesaland substation boosts power reliability in Sta. Rosa, Laguna, and surrounding areas, supporting growing communities.

Massachusetts utility adopts Tantalus Grid Modernization Platform to enhance RMLD’s efficiency, reliability, and clean energy integration.

Over 3,000 GW of renewable energy is stuck in grid connection queues due to outdated infrastructure, delaying the transition to a clean energy future.

The company outlined projects at eight facilities in six states.

Honeywell and Verizon integrate 5G into smart meters, enhancing remote energy management, improving grid reliability, and enabling real-time operational insights.

Schneider Electric partnered with SBPDCL to modernize and enhance Bihar’s power distribution.

The Director General of the International Renewable Energy Agency (IRENA) discusses accelerating the Middle East’s renewable energy future.

The Instrument Transformer Market valued at $7.21 B in 2023 is projected to reach $12.08 B, growing at a CAGR of 5.94 % during the forecast period of 2024-2032.

Orlen’s unit Energa-Operator has obtained a PLN 7.5 billion ($1.9 billion) loan to fund the modernization of the power grid.

Colombia has announced six major power transmission projects as part of its 2024-28 transmission expansion roadmap.

India’s power output growth slowed to its lowest rate since the COVID-19 pandemic in 2024, according to recent data.

Transmission expansion, advanced grid tech, and storm response are critical priorities for the new year.

This development highlights the complex challenges faced by developing nations in balancing economic growth, energy security, and environmental concerns.