The U.S. STATCOM (Static Synchronous Compensator) market was valued at USD 0.17 billion in 2025E and is projected to reach USD 0.29 billion by 2033, registering a CAGR of 6.69% during 2026–2033.

Engr. Adekunle Awoniyi, a seasoned power system engineer, brings a wealth of experience from his tenure at the Transmission Company of Nigeria (TCN), where he worked on various projects to improve the ...

Germany has connected the world’s first supercapacitor-based STATCOM to the grid, with Siemens Energy and transmission system operator TenneT positioning it as a blueprint to replace fossil-fuel ...

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its Taipei-based affiliate Shihlin Electric & Engineering Corporation has received an order from Taiwan Power ...

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has received an order for a static synchronous compensator (STATCOM) rated at ±700MVA, the world's largest ...

The new system will be installed at the Iwate substation in Morioka, Iwate Prefecture to help stabilize synchronization whenever a power system failure occurs due to bulk power transmission.

Italian transmission system operator (TSO) Terna S.p.A. has ordered two static synchronous compensator (STATCOM) systems for grid stabilization from Siemens Energy. It is Siemens Energy’s first ...