The two companies will explore the application of Smart Wires' SmartValve technology to long high-voltage alternating current (HVAC) or high-voltage direct current (HVDC) cable circuits.
GlobalData's latest report analyzes the disruptive themes that have driven M&A activity in 2023 in the Power sector. In 2023, the global power market witnessed deals worth $261 billion, growth of 4% compared to 2022. The sector recorded 68 mega-deals, an increase of 36% compared to 2022.
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