May 16, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--With the growing demand for worldwide electrification, there is a heightened focus on renewable sources of energy to facilitate the clean-energy transition. While solar and wind power are rapidly growing, their efficient transmission remains challenging, especially over extensive distances, where conventional alternating current (AC) technology falls short. However, high-voltage direct current (HVDC) technology is now gaining ground as a promising solution for efficient energy transmission over long distances. Industrial Info is tracking around 117 active HVDC-related projects worth more than US$60 billion globally, with Europe, North America and Africa driving the majority of the spending.
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