The Flexible AC Transmission (FACT) market is a segment of the electricity industry that focuses on the development and implementation of advanced technologies to improve the efficiency and reliability of power transmission systems. FACTs are used to control the flow of electricity, reduce losses, and improve the stability of the power grid. They are also used to reduce the cost of electricity transmission and to increase the capacity of the grid.
FACTs are used in a variety of applications, including power system protection, voltage control, and power system optimization. They are also used to improve the efficiency of power transmission and distribution systems, as well as to reduce the cost of electricity transmission.
FACTs are used in a variety of industries, including utilities, renewable energy, and industrial applications. Companies in the FACT market include ABB, Siemens, General Electric, Schneider Electric, and Mitsubishi Electric. Show Less Read more