*Disclaimer: List of key companies in no particular order
Latest Company Updates:
November 2023- Hitachi Energy has signed a contract with energy company CPC Finland to supply a power transformer for an industrial-scale solar PV power plant to be built in the Lakari industrial area of Rauma, Finland. The power plant is Finland's largest ongoing solar power project, generating 30 gigawatt hours of electricity per year, enough to heat about 1,600 private homes. Matti Vaattovaara, Managing Director at Hitachi Energy in Finland, said that it is great to be a technology partner in this pioneering clean energy project to support Finland's journey toward carbon neutrality. A carbon-neutral energy future will be built on electricity, and electricity will be the backbone of the entire energy system. In the ongoing energy transition, transformers are among the key technologies to help build a sustainable energy future. Solar power is currently the fastest-growing renewable energy source in the world. According to forecasts by national grid operator Fingrid, in Finland, solar power generation capacity will increase 10-fold by 2030. At the Lakari solar power plant, Hitachi Energy's power transformer raises the voltage level to the level needed to transmit the electricity produced by the plant. The maximum capacity of the Lakari solar power plant will be around 30 megawatts, with an annual electricity production of 30 gigawatt hours. Upon completion, the plant will provide enough electricity to heat around 1,600 private homes.
October 2023- Jaipur Vidyut Vitran Nigam Limited (JVVNL), the authority overseeing distributed renewable energy systems, has introduced significant changes to its existing guidelines. These amendments are designed to enhance the effectiveness and efficiency of grid-interactive distributed renewable energy generating systems. Let's delve into these key modifications: The foremost change focuses on the maximum capacity of renewable energy systems that can be connected to a distribution transformer. This limit has been set at 80% of the transformer's capacity or as specified by the regulatory commission. If an upgrade to the transformer is necessary, the onus falls on JVVNL, the utility company. Notably, high-tension consumers who have installed their transformers are exempt from the 80% cap, with their allowable solar installation capacity determined by an alternate set of rules.
Top listed global companies in the industry are:
- Siemens
- Schneider Electric
- Mitsubishi Electric Corporation
- General Electric Company
- ABB
- Honeywell International Inc.
- Eaton
- Advanced Power Technologies
- KJ Dynatech Inc
- Dynamic Ratings
- Hiotron
- S&C Electric Company
- Qualitrol Company LLC
- Wilson Transformer Company
- Advanced Energy Industries Inc., and others.