NOVEMBER 2024ELECTRICAL BUSINESS REVIEW6Copyright © 2024 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Editorial StaffOlivia HarperDavid CarterPaisley AaronClaire JonathanVisualizerEdwin PaulChris LynnManaging EditorAndre Brown Disclaimer : *Some of the Insights are based on our interviews with CIOs and CXOsNOVEMBER - 28 - 2024, Volume - 02, Issue - 05 (ISSN 2996-0460)Published by ValleyMedia, Inc.To subscribe to Electrical Business ReviewVisit www.electricalbusinessreview.com Email:sales@electricalbusinessreview.comeditor@ electricalbusinessreview.commarketing@electricalbusinessreview.comTechnological advancements are transforming the power sector, driving efficiency, reliability and safety across electrical infrastructures. High-voltage solution providers are increasingly leveraging cutting-edge technologies to optimize energy distribution, strengthen resilience and lower operational costs--key to meeting the demand for sustainable, reliable electrical networks.Reports state that the global high-voltage equipment market, valued at $137.54 billion in 2023, is expected to reach $194.01 billion by 2029, growing at a CAGR of 5.9 percent. This growth is fueled by advancements in AI, IoT, and smart grid technologies, which are revolutionizing power management and spurring demand for high-voltage solutions. AI-powered diagnostics and predictive maintenance tools enable specialists to identify potential faults before costly outages occur. Meanwhile, IoT integration provides real-time monitoring for optimal performance and faster response. Innovations in modular and compact switchgear are reducing spatial requirements and installation costs, making high-voltage solutions more accessible across diverse infrastructures.Energy storage and distribution are also advancing. With battery energy storage systems and renewable energy integration on the rise, high-voltage solutions play a pivotal role in stabilizing power flows and ensuring consistency, even under fluctuating demand. Augmented reality is also making its mark, offering engineers immersive visualization tools for on-site diagnostics and remote support.This edition of Electrical Business Review Canada highlights recent advancements in high-voltage solutions, exploring how industry leaders are adapting to these trends to deliver reliable and sustainable energy solutions. It features thought leadership articles from experts, including Amy Carstens, director, corporate strategy, planning & analysis at Dairyland Power Cooperative, who shares insights on high-speed data communication advancements within the transmission system. With fiber optics integrated in transmission substations via optical ground wire (OPGW), utilities can enhance data utilization, enabling fault protection devices to communicate with system operators and pinpoint faults to streamline sectionalizing and restoration.Jim Helvig, P.E., vice president of operations at Dashiell Corporation, offers perspectives on the evolution of the renewable energy industry, highlighting updated regulations, developed energy corridors and advancements in technology that are integrating renewable energy into local communities.We hope this edition helps you find the partner needed to drive your organization toward a more resilient and energy-efficient future.Let us know your thoughts!Shaping Sustainable Power with InnovationAndre BrownManaging Editoreditor@electricalbusinessreview.comEDITORIAL600 S ANDREWS AVE STE 405,FT LAUDERDALE, FL 33301
< Page 5 | Page 7 >