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U.S. Grid Expansion Spurs HVDC Projects Across States
The HVDC Transmission Market is projected to grow at a CAGR of 8% during the forecast period 2024–2031, driven by increasing demand for efficient long-distance power transmission, renewable integration, and grid stability. Unlike AC systems, HVDC enables the transmission of large amounts of electricity with minimal loss and cost over vast distances. It supports the connection of grids...
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