CARY, N.C., Nov. 7, 2012 /PRNewswire/ -- ABB (NYSE: ABB), the leading global power and automation technology group, today announced a breakthrough in the ability to interrupt direct current, solving a 100-year-old electrical engineering puzzle and paving the way for a more efficient and reliable electricity supply system.
After years of research, ABB has developed the world's first circuit breaker for high voltage direct current (HVDC). It combines very fast mechanics with power electronics, and will be capable of 'interrupting' power flows equivalent to the output of a large power station within five milliseconds - 30times faster than the blink of a human eye.
The breakthrough removes a 100-year-old barrier to the development of DC transmission grids, which will enable the efficient integration and exchange of renewable energy. DC grids will also improve grid reliability and enhance the capability of existing AC (alternating current) networks. ABB is in discussions with power utilities to identify pilot projects for the new development.
"ABB has written a new chapter in the history of electrical engineering," said Joe Hogan, CEO of ABB. "This historical breakthrough will make it possible to build the grid of the future. Overlay DC grids will be able to interconnect countries and continents, balance loads and reinforce the existing AC transmission networks."The Hybrid HVDC breaker development has been a flagship research project for ABB, which invests over $1 billion annually in R&D activities. The breadth of ABB's portfolio and unique combination of in-house manufacturing capability for power semiconductors, converters and high voltage cables (key components of HVDC systems) were distinct advantages in the new development. HVDC technology is needed to facilitate the long distance transfer of power from hydropower plants, the integration of offshore wind power, the development of visionary solar projects, and the interconnection of different power networks. ABB pioneered HVDC nearly 60 years ago and continues to be a technology driver and market leader with many innovations and developments. With over 70 HVDC projects, ABB accounts for around half the global installed base, representing an installed capacity of more than 60,000 megawatts (MW).
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV