Hyosung Heavy Industries conducted a shipment ceremony on Nov. 6 in Haman, South Gyeongsang Province, for the delivery of a container-type Static Synchronous Compensator (STATCOM), a stationary reactive power compensation device, to Japan’s Steel Company
The exported product is the first instance of Hyosung Heavy Industries' proprietary Modular Multilevel Converter (MMC) STATCOM technology being installed in a container. The MMC technology utilizes an intelligent power grid to control large power capacities.
STATCOM uses power electronics technology to stabilize fluctuating voltages in the power transmission and distribution process. It is particularly effective in maintaining constant output voltage during the generation of renewable energies such as wind and solar, which are subject to rapid voltage changes due to weather conditions.
The container-type STATCOM delivered this time has the advantage of shorter installation time and higher economic efficiency compared to the conventional building-type STATCOM. Additionally, since the STATCOM can be transported in a container, it provides the flexibility to respond to temporary power load issues and natural disasters.
Takeshi Yokota, president of Hyosung Heavy Industries, remarked, “The adoption of renewable energy and the movement towards carbon reduction in traditional industries are accelerating worldwide. We will respond quickly to the increasing global demand for container STATCOMs through our technological capabilities and customer-centric management.”
Meanwhile, Hyosung Heavy Industries is actively expanding into the overseas STATCOM market. In the first half of this year, the company secured three contracts to supply STATCOMs to the eastern United States (two units of 150 Mvar and one unit of 50 Mvar), and in July, it signed a contract to supply its first 200Mvar STATCOM to Taiwan Power Company (TPC).