ABB pioneered FACTS technology in the 1950s and remains a leader in technological innovation and market share to this day. Over the past 50 years, ABB has completed more than 800 FACTS projects and has achieved the vast majority of technology breakthroughs in the field.
FACTS technologies have a small footprint and minimal impact on the environment. Project implementation times are considerably faster and investment costs substantially lower than the alternative of building more transmission lines or new power generation facilities.
FACTS consists of three technology branches: series compensation, dynamic shunt compensation, and dynamic energy storage.