[font=times] ABB Receives Multiple FACTS Orders from Steel Industry [/font]
[font=times][Color=#708090]ABB has announced five orders in the first quarter 2008, totaling $25 million, to install flexible AC transmission systems （FACTS） for steel plants located in Australia, Egypt, the Republic of Korea, Russia, and Turkey.
All of the contracts are based on ABB’s Static Var Compensators （SVC） technology that is part of the FACTS solution portfolio. The power industry term FACTS covers a number of technologies that enhance the security, capacity, and flexibility of power transmission and distribution systems, as well as improving power quality and productivity in industry.
“ABB is a worldwide leader in FACTS,” said Peter Leupp, who heads ABB’s Power Systems Division. “We have more than 500 installations in operation or under construction across the world and value the trust we have earned from customers in this growing market.”[/color][/font]
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