Did you know 40% of industrial electricity bills stem from reactive power losses? As renewable integration hits 32% globally (IEA 2023 Q2 report), the demand for reactive power compensation storage systems has surged 178% since 2020. But why do voltage fluctuations still cause $89 billion in annual equipment damage worldwide?
As the EU Green Deal targets 55% emissions reduction by 2030, a critical question emerges: Can Europe's energy infrastructure actually store the renewable power it's racing to produce? With solar/wind generation projected to double by 2027, the continent faces a looming storage gap of 200 GW – equivalent to powering 150 million homes.
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