Hurricane Ian Highlights High Wind Risks And Solutions (VKIN, NEE, DUK)

October 04 05:07 2022
Natural disasters are a major concern for power companies, as the destruction they can cause to the electrical grid can be immense. Vikings (VKIN) Open Conductor Technology offers utility companies a solution for eliminating the dangers of live power and transmission lines downed during strong winds, making them a key player to watch, as utility companies look to prepare for the next natural disaster.

Hurricane Ian demonstrated the immense power and destructive forces at play with a major hurricane. The damaging winds can take out power to millions, and leave dangerous conditions with live downed power lines, and other electrical equipment, creating a risk of fire and electrocution. As power companies rebuild their grids, investors may want to look to solutions that better prepare power companies to combat future storms. Viking Energy’s Open Conductor Detection Technology offers utility companies a complete solution to eliminating the danger of live transmission lines in the wake of a major natural disaster.

VKIN OPEN CONDUCTOR DETECTION TECHNOLOGY

Power lines do not have to be arcing or sparking to be dangerous. Not only are the actual transmission lines themselves a threat, but any utility or cable line that comes into contact with an energized line also poses a dangerous threat. Viking Protection Systems, LLC, a majority owned subsidiary of Viking Energy (OTC:VKIN) has an exciting new technology that seeks to eliminate the danger of a downed transmission line. ​​

Vikings’ patent application is a continuation of previous filings and details new systems for prevention of ground faults existing in electric transmission lines caused by a damaged line. 

VKINs rapid proactive system is designed to detect a fault within the transmission line, and trigger the circuit breaker, before the damaged line comes into contact with a surface. The ability to cut power to a downed transmission line eliminates the danger of electrocution and fire in the wake of a major storm like Hurricane Ian.

Vikings (OTC:VKIN) Open Conductor Detection technology offers utility companies with a comprehensive solution to combat them, making VKIN a stock to watch.

RESTORING POWER 

Florida’s largest electricity provider, Florida Power and Light, a subsidiary of NextEra Energy (NYSE:NEE) has deployed over 20,000 workers from 30 states to help repair the power grid. The substantial amount of prep from burying lines, to replacing wooden poles with concrete or steel, has paid off. At 48 hours after the storm, the number of customers that were without power had been halved, a much faster response time than previous storms. 

Further north in the central Florida area, Duke Energy (NYSE:DUK) worked to restore power throughout the weekend. By Sunday night, Duke had restored power to more than 930,000 customers after Hurricane Ian. Duke Energy Florida aimed to restore 90% of customers’ power by the end of the weekend. 

Florida was not the only state impacted by Hurricane Ian, North and South Carolina also dealt with this storm’s damaging forces. 

  • High winds, heavy rain, and flooding were brought to the Carolinas by Hurricane Ian this last weekend
  • 850,000 Duke Energy (NYSE:DUK) customers affected
  • Over 10,000 crew members are responding to power outages

As of Saturday, Duke Energy’s crews had completed nearly 500,000 restorations, including 400,000 in North Carolina, and 75,000 in South Carolina. By Sunday Night, a majority of the customers that had lost power in the Carolinas had their power restored.

Natural disasters are a major concern for power companies, as the destruction they can cause to the electrical grid can be immense. Utility companies are constantly seeking innovation that will better allow them to prepare for natural disasters, and quickly return to normalcy after they occur. Vikings Open Conductor Technology offers utility companies a solution for eliminating the dangers of live power and transmission lines downed during strong winds, making them a key player to watch, as utility companies look to prepare for the next natural disaster.

 

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