Building Information Modeling (BIM)

Recently China’s largest offshore oilfield group using land grid power supply application project - CNOOC Bozhong-Kenli Oilfield Group Shore Power Application Demonstration Project in the Bohai Sea region was successfully put into operation. Bozhong Kenli Oilfield shore power project includes onshore 220kV Haiguo switching station, offshore 220kV Haitai electric power platform, 220kV Haimin electric power platform, 220kV Hai'an electric power platform and 110kV Haixiang electric power platform. With the successful power transmission of each substation, it marks that the offshore and onshore backbone parts of Bozhong Kenli shore power project of Bohai Oilfield have been completed as scheduled. High energy consumption Traditional offshore oil fields mainly use natural gas and crude oil associated with oil field development as fuel for power generation, which not only has low efficiency and high energy consumption, and the stability is far lower than that of the large power grid. Traditional offshore oil fields mainly use natural gas and crude oil associated with oil field development After the shore power project is put into operation, compared with the peak year of power generation, the natural gas consumption will be reduced by 1.5 billion m3, the annual energy saving will be nearly 650,000 tons and other standard coals, which is equivalent to reducing carbon dioxide emissions by 1 million tons. Secondary system equipment The successful operation of the project will further change the previous "self-generation mode" of China's offshore oil fields. It is of great strategic significance for China to promote the adjustment of the national energy structure, achieve the goal of energy conservation and emission reduction, promote the green development of offshore oil and gas fields. As the supplier of the overall secondary system equipment of the shore power project, NR has provided a full set of core equipment such as integrated automation system, dispatching system, centralized control center, protection equipment, safety and stability control system, excitation inrush current suppressor, etc. for the four 220kV substations and one 110kV substation of the project. Special offshore environment NR has assisted the smooth implementation of Bozhong Kenli shore power project with advanced technology At the beginning of the project, NR went deep into the unique characteristics of the power grid structure and operation & maintenance of the Bozhong Kenli shore power project, and carried out in-depth relevant system research, simulation calculation and scheme design with CNOOC.  As all systems of the offshore electric power platform are in the special offshore environment of high humidity and salinity, all complete sets of equipment provided by NR have passed the acceptance of the classification society of the classification society company, fully meeting the long-term, high requirements and high standards of operation in the offshore environment. NR has assisted the smooth implementation of Bozhong Kenli shore power project with advanced technology, excellent products and professional services, providing strong support for the power network construction of the world's largest offshore oilfield group. Ensuring energy security The smooth operation of Bozhong Kenli shore power project shows that as an enterprise in the field of power grid security and stability control, NR has made great support and positive contributions to the construction of major power projects in petrochemical industry. NR will continue to adhere to the corporate culture and work together to build on the past and open up the future, and protect the shore power access of CNOOC offshore oil and gas platforms from safe power supply to digital, unmanned and intelligent development, so as to contribute to promoting the high-quality development of the offshore oil industry and ensuring energy security.

Tingshan Frequency Converter Station of Hangzhou Flexible Low Frequency Transmission Pilot Project has been officially put into operation. It is the first time in the world to realize 220kV voltage level power frequency and low frequency controllable transformation. Flexible low-frequency transmission is a new type of AC transmission technology whose frequency is lower than the power frequency, which can effectively improve the transmission capacity, distance and efficiency of transmission lines. It has certain application advantages in medium and long distance offshore wind power transmission. Low-frequency transmission technology In order to optimize the power grid layout in Hangzhou, and explore the application prospect of flexible low-frequency transmission technology in urban high-density load areas, State Grid Zhejiang Company has planned and built Hangzhou flexible low-frequency transmission Pilot project in Hangzhou. Zhejiang Company has planned and built Hangzhou flexible low-frequency transmission Pilot project in Hangzhou The two high-voltage and high-capacity frequency converter stations in Tingshan and Zhongbu constructed in the project will form flexible low-frequency interconnection, which can realize flexible power flow mutual aid and asynchronous interconnection of the two major power grids in Fuyang and the south of Xiaoshan, improve the transmission capacity and flexibility of the two major power supply sections of 500kV Fuyang substation and 500kV Shengguang substation, improve the security and stability of the regional power grid. Low-frequency transmission project Tingshan Frequency Converter Station is the first high-voltage and high-capacity low-frequency converter station in the world, and also an important part of Hangzhou flexible low-frequency transmission project. The NR project team has tailored flexible low-frequency protection & control system, frequency conversion valve, low-frequency AC protection device, measuring equipment and other core complete sets of equipment for Tingshan frequency conversion station. In view of the high voltage and large capacity application scenario of Hangzhou Flexible Low Frequency Transmission Project, the project team put forward efficient start stop control strategy, steady state control strategy, low-frequency open phase operation control strategy, fault ride through strategy, frequency converter protection strategy and low-frequency AC protection scheme, which solved many problems such as low-frequency decoupling control, bridge arm balance control, fault current suppression, low-frequency open phase operation, etc. Advance power system NR has carried out fruitful research and exploration in the field of building an advance power system At the same time, the project team overcame the problems of synchronous pressurization of converter valve at power frequency and low-frequency, completed the insulation test between high-voltage and high-capacity frequency converter valve power frequency and low-frequency terminals for the first time. To build an advance power system with renewable energy as the main body has become the main development direction of the power industry. As a key high-tech enterprise, NR has carried out fruitful research and exploration in the field of building an advance power system. Flexible low-frequency equipment The complete set of flexible low-frequency equipment developed by NR has been successfully applied to Taizhou flexible low-frequency transmission project, and continues to serve the grid connected transmission of offshore wind power in Dachen Island. Hangzhou Flexible Low Frequency Power Transmission Project is an active attempt to apply flexible low frequency complete equipment to the construction of high elastic power grids in urban areas, and also provides a practical model for high-voltage and high-capacity offshore wind power transmission through low frequency. NR will continue to maintain high standards and quality to serve the project construction, give full play to its advantages, ensure the overall operation of the project, and continue to contribute to the construction of an advance power system.

Recently, Baihetan - Zhejiang ± 800kV UHV DC transmission project (referred as "Baizhe project") has been completed, and put into operation. The BaiZhe Project is a major clean energy project to promote the energy structure adjustment, energy conservation and emission reduction. It shoulders the strategic mission of delivering the power of the world's second largest hydropower station which is Baihetan hydropower station. New power giant dragon The project starts from Jinsha River converter station in Sichuan Province and ends at Qiantang River converter station in Zhejiang Province. It passes through five provinces, with a total length of 2121 km. The Jinsha River bank and the Qiantang River bank, thousands of miles away from the two places, are integrated together with the new power giant dragon.The project starts from Jinsha River converter station and ends at Qiantang River converter station NR has provided core equipment such as DC protection & control, converter valve, measurement, stability control, compressed air foam system (CAFS), intelligent auxiliary control system, AC protection and so on for the Baizhe Project. It has cooperated efficiently in various links such as equipment development, design, production, transportation, installation and commissioning to ensure the smooth operation of the project. Intelligent auxiliary control system The new generation of DC protection & control system based on the UAPC3.0 platform has been applied for the first time in the UHV project, and the new intelligent auxiliary control system has been deployed and promoted in the UHV converter station for the first time. The response speed, reliability, operation and maintenance intelligence of the protection & control system have been further improved. For the converter valve, the four-layer valve tower structure is newly designed, which greatly reduces the volume and weight of the valve tower on the premise of ensuring the safety of the equipment. Project implementation efficiency At the same time, a number of creative improvements have been made in the aspects of type test scheme At the same time, a number of creative improvements have been made in the aspects of type test scheme, valve tower maintenance, intelligent operation and maintenance of valve control, effectively improving the project implementation efficiency and equipment safety.  In terms of stability control, the new generation of PCS-992 stability control system was first applied in the UHV project, and a system scheme of independently configuring stability control equipment for the high and low end power grid at the inverter side was proposed. The software design was optimized according to the DC equipment production timing and system operation mode, realizing the adaptive strategy function, and effectively improving the adaptability and reliability of the stability control system. Improving response speed In terms of CAFS, compressed air foam spray and fire monitor redundancy design are adopted. Meanwhile, device selection is optimized to improve response speed, fire resistance measures are strengthened to improve reliability, and safe operation of converter is ensured. The smooth operation of the Baizhe project once again reflects the technical advantages of NR's multi-disciplinary integration and the ability to implement major projects with efficient cooperation, and highlights the company's outstanding comprehensive strength in the field of high-end electric equipment. In the future, NR will continue to devote itself to the construction and development of DC transmission and make greater contributions to the optimization of the energy structure and the realization of the green power application worldwide.

Even during the era of big business, most residential electrical service companies tend to be on the smaller end with less than 20% employing more than 100 workers. And, like most small businesses, electrical contractors probably assume that they don’t need public relations and that their advertising efforts are enough to sustain them. But this is a common misconception. PR isn’t a luxury reserved for million-dollar companies and can be used to help progressively scale your business in the long run. Lead generation companies If you’re like most electrical contractors, you are using the marketing and advertising advice that many other home service companies have taken over the years and have confined your advertising into avenues such as direct mail, lead generation companies, truck wraps and a reliance on third-party referral websites. That is one reason why adding PR to your marketing budget is a necessity While these are all good options, the problem is that your competition is also using the same marketing techniques you are using and are probably only reaching the same set of potential customers. That is one reason why adding PR to your marketing budget is a necessity if you want to rise above your peers in your market. Residential electrical services If you were to do a quick Google search for electrical contractors in your community, chances are you’d find page after page of similar options. And, if you aren’t on the first page of that list, you aren’t making much of an impact. But, with the right PR partner, you can build your company’s reputation and recognition so that it becomes synonymous with good residential electrical services. A public relations expert can help you develop campaigns that show you as a thought leader in your market while helping you secure earned media in your local news and trade publications. A public relations expert can help you develop campaigns that show you as a thought leader These methods increase your visibility. Strong visibility not only helps you reach a wider audience, it inadvertently helps you move up spots in Google rankings. The more mentions your company gets on social media, in the news and on other online platforms, the better Google ranks your website. what is Earned media So what is earned media? That’s media that isn’t paid for or owned by your company and includes media interviews, customer reviews and organic mentions on social media. And, it’s important because it is by far the most trusted form of publicity available. Studies have shown that more than 90% of consumer trust earned media over paid-for advertising. Consumers have become savvy to commercials and no longer uses ads as their main method of researching a potential service partner. But, it’s getting this earned media that can prove tricky for most electrical contractors. Most of you probably don’t know any journalists and you certainly don’t have time with your busy schedule to cultivate relationships with the media. Potential service partner A good PR expert can pitch your expertise and story ideas surrounding your company That’s where a PR agency can help. Many of them are former reporters or know the business well enough to have built relationships with many media outlets. A good PR expert can pitch your expertise and story ideas surrounding your company to media both locally and in trade publications. It’s also possible that you haven’t considered the need to consistently read and respond to your customers’ reviews online. This is important because studies have shown that more than 92% of consumers say they read online reviews before they purchase a product or hire a service provider. Social media game Since you do have a business to run, it may be difficult to carve out enough time to reply to these reviews – both the good and bad ones – in a way that is both effective and conciliatory. But, a PR partner does have the time and the experience to do this for you. But, a PR partner does have the time and the experience to do this for you Finally, PR helps you stay on top of your social media game. It’s not enough to simply have a company Facebook or LinkedIn page – you have to consistently post content and engage your followers. Coming up with something new to post is a challenge when you’re trying to schedule house calls, pay bills and hire quality electricians. Attracting new customers Once you have developed a PR strategy that helps you to promote your brand, increase your visibility and develop you and your company as the market leaders in your community, you’ll begin to notice that your brand is reaching a wider audience. And, it’s a proactive strategy that will help you influence the market in your favor. These positive messages help you grab the attention of your target audience and connect with them on a personal level. PR is about telling a good story to build relationships and it’s these relationships that will help you grow beyond that of your competitors. Heather Ripley is founder and CEO of Ripley PR, an elite, global public relations agency specializing in skilled trades, B2B tech and franchising. Ripley PR has been recognized by Entrepreneur Magazine as a Top Franchise PR Agency five years in a row and was named to Forbes’ America’s Best PR Agencies for 2021. She is the author of ‘NEXT LEVEL NOW: PR Secrets to Drive Explosive Growth for your Home Service Business.’

The promise of electric vehicles is closer to reality than ever before. New plans and investments at the federal level designate billions of dollars to move our country toward clean energy, including $2 million to help auto manufacturers retool facilities to increase EV production. Additionally, the Biden Administration has announced a goal to create 100% carbon-free electricity by 2035 and a net-zero carbon economy by 2050. Domestic EV marketplace The domestic EV marketplace has grown from 16,000 to more than 2 million vehicles in the last decade and is poised to expand at lightning speed over the next ten years. S&P Global mobility has predicted that by 2030, electric vehicles (EVs) will make up 40% of the U.S. market share of new vehicles on the road. This dramatic increase in EVs will require a nationwide network of charging stations to meet the demand from the current 140,000 to over 1.1 million. Charging stations It is a necessity that regulators lay the groundwork now for a reliable and secure charging networkThe expansion of charging stations will undoubtedly give zero-emissions drivers more confidence in their ability to refuel more conveniently. Still, it’s critical that confidence in infrastructure security also be prioritized alongside this growth. If not adequately protected and monitored, charging stations could serve as access points for cybercriminals, potentially leading to personal data leaks, attacks on vehicle systems, and even widespread blackouts. As EVs continue to gain momentum as realistic alternatives to CO-2 emitting vehicles, it is a necessity that developers and regulators lay the groundwork now for a reliable and secure charging network for the long term. EV Charging Infrastructure and the electric grid The nation’s electric grid generates and delivers electricity essential to everyday life. It’s made up of power plants and other sources of generated electricity, complete with transmission and distribution lines and infrastructure that delivers essential power. Grid connection An important aspect to remember about EV charging stations is that they connect to their relative electric grid. Simply put, the infrastructure for charging stations is comprised of devices that wait for another device to connect and communicate. However, it lacks a third-party firewall or other devices that can act as protection. Unfortunately, this results in vulnerability and means new doors for cybercriminals to walk through. Cybersecurity risks If the grid became compromised by a large-scale attack, it could lead to destructive and widespread blackouts Even before EV charging stations are factored in, the electric grid faces substantial cybersecurity risks from criminals, terrorists, hackers, and foreign governments every day. If the grid became compromised by a large-scale attack, it could lead to destructive and widespread blackouts that would undoubtedly affect EV charging stations and other essential institutions such as banks, hospitals, and gas stations. With the expansion of EV charging stations, the risks only grow. Now is the time to address threats and strategize before disaster strikes. Risks of connectivity emerge The world we live in has reached a level of being almost entirely connected at all times – security systems, appliances, health monitors, industrial sensors, and now, our vehicles. While the connectivity of vehicles has been incredibly beneficial to consumers and the automotive industry alike, the growth in the internet of things (IoT) has opened countless doorways for cybersecurity threats. Software flaws One young information technology security specialist reported finding flaws within a third-party software that a handful of leading EV manufacturers use. It gave him access to more than 25 EVs in at least 13 countries. The man, who stumbled on the findings in 2022, said he could remotely control some EV functions, including starting vehicles, unlocking windows and doors, disabling security systems, and turning on stereo systems and flashing headlights. The IT specialist said he could also tell if a person was in the vehicle. In a separate and concerning situation, a single compromised password led to a foreign-fronted cyberattack on a U.S.-based pipeline in 2021. It halted the fuel supply process on the east coast and cost the company $4.4 million in ransom money. Cyberattacks Thousands of charging stations are already in danger of being targeted by cybercriminals The point is that even massive and powerful companies can fall victim to cyberattacks. Even though cybersecurity is a critical issue for EV manufacturers, their systems are still vulnerable to hackers. Thousands of charging stations are already in danger of being targeted by cybercriminals, and as the number of stations grows, so too will the risk. The higher the number of entry points, the more opportunities hackers will see. If they can break into and gain access to even the most sophisticated EVs, it could be catastrophic. Ensuring security and reliability through proactivity Because charging stations are connected to the country’s primary grid, the entire infrastructure must be armed with the most aggressive security measures. The risks associated with modernized electric vehicles are not something that traditional automotive safety regulations and security standards properly cover. The complicated and rapid evolution of EVs is putting them at a heightened threat. When charging stations are connected to the electrical grid, it is imperative to ensure strong cybersecurity measures are in place to remain dependable and effective.  Embedding cybersecurity technology We often see outside parties utilized to secure tech because of the frequent lack of necessary cyber protection The best way to ensure the electric grid's safety is to build cybersecurity technology directly into the charging stations. We often see outside parties utilized to secure tech because of the frequent lack of necessary cyber protection. Unfortunately, the promising growth EVs and their charging stations bring to our environment also contributes to technology’s vulnerabilities, which can cause key security measures to be overlooked. There’s no getting around it: EV charging stations are highly vulnerable to hackers. Awareness and solutions As the growth continues, there is an acute need for heightened awareness and solutions for the weaknesses associated with these charging stations. These solutions should consider everything from the charging points and devices to operators of the energy distribution networks and infrastructure providers. We must aim to implement advanced cybersecurity measures that will keep safe drivers and all the data that EVs contain.

Electricians play a pivotal role in preventing electrical fires by following safe practices during installations, repairs, and inspections. At a minimum, electricians should ensure all electrical wiring and components are installed according to current building codes and manufacturers' specifications. This includes using the right size wires for the amperage load, using approved materials, and properly securing all connections. During electrical inspections, electricians should identify and address any potential fire hazards. Electricians can also advise homeowners on electrical safety measures they can take to prevent fires. These include safe appliance use, avoiding overloaded outlets, and the importance of smoke detectors and fire extinguishers. Maintenance of electrical systems Ground Fault Circuit Interrupters (GFCIs) can prevent possible fires. GFCI outlets have built-in protection to detect imbalances in electrical current and quickly shut off power to prevent shocks and potential fires, particularly in areas prone to moisture like kitchens and bathrooms. Regular maintenance of electrical systems is also crucial for fire prevention. Electricians can perform preventative maintenance checks to identify and address any developing issues before they become serious fire hazards. Fire departments responded to an average of 32,160 home fires involving electrical distribution Fire departments responded to an average of 32,160 home fires involving electrical distribution and lighting equipment each year in 2015–2019, according to the National Fire Protection Association (NFPA). Electrical fires cause scores of civilian deaths and hundreds of civilian injuries, as well as millions of dollars in property damage. Fire Hazards in the Home Some of the electrical components that present fire hazards in the home include faulty electrical outlets and switches, worn or damaged components, overloaded circuits, damaged or frayed cords, and misused extension cords and power strips. Improper use of light fixtures can also be a danger, and space heaters can be a fire hazard if they are placed too close to flammable materials or left unattended. Damaged or frayed cords can cause sparks and ignite nearby flammable materials As outlets and switches age, the wiring behind them can loosen and break, causing sparks and fire. Loose plugs can also overheat and ignite surrounding materials. Plugging too many appliances into a single outlet or using extension cords instead of proper wiring can overload a circuit, thus causing overheating and fires. Damaged or frayed cords can cause sparks and ignite nearby flammable materials. Cords that are kinked, pinched, or have exposed wires should be avoided and replaced immediately. Minimizing the Risk of Electrical Fires Here are some steps a homeowner can take to minimize the risk of fire from electrical systems: Upgrade the electrical system, especially if the home is older. If the electrical system has not been updated in a while, a qualified electrician can advise if it needs modernization. This could involve upgrading to breakers with better safety features such as Arc-Fault Circuit Interrupter (AFCI) and Ground Fault Circuit Interrupter (GFCI) technology. Schedule an electrical safety inspection. Having a qualified electrician periodically inspect a home's electrical system can identify potential problems before they escalate into fire hazards. Keep flammable materials away from electrical components, including curtains, furniture, and piles of paper. Sparks and overheating can easily ignite nearby flammables. Addressing Multiple Threats Effective communication is key for electricians to impress upon homeowners the seriousness of fire hazards. Avoid technical jargon and explain fire hazards in clear, concise language that homeowners can understand. Focus on the potential consequences, like damage to property or injury, to heighten awareness. Pictures can be worth a thousand words. Show homeowners examples of damaged wiring, overloaded outlets, or faulty installations that pose fire risks. This can be done through photos on a tablet or phone, or even carrying around small physical samples. Frame the conversation around safety for the homeowner and their family. Highlight how addressing these hazards can prevent potential fires and ensure a safe living environment. Provide a written report after the inspection or repair. This report should detail the identified hazards, the corrective actions taken, and any recommendations for future maintenance or upgrades. By combining clear communication, visual aids, and a focus on safety, electricians can effectively convey the importance of addressing fire hazards to homeowners and empower them to make informed decisions about their electrical systems.

The electrical industry is expected to have a labor shortage of about 60,000 workers by 2026. A labor shortage in the electrical trade is not inevitable, but it is likely to continue if the industry does not take steps to address the issue. Like other skilled trades, the electrical industry is facing challenges that could contribute to a labor shortage, including an aging workforce, a lack of interest among younger generations, and competition from other industries. However, there are strategies the industry can implement to address these challenges and attract a new generation of workers. These strategies include increasing awareness of the benefits and opportunities of skilled trades, investing in training and education programs, improving working conditions and compensation, embracing technology, promoting diversity and inclusivity, and collaborating among industry, education, and government. Improving working conditions Factors in the current labor shortage in the electrical industry include: Aging workforce: Many workers in the electrical industry are nearing retirement age, and there are not enough younger workers to replace them. This has led to a shortage of skilled workers with many years of experience in the industry. Lack of interest in the trades: There has been a decline in the number of young people pursuing careers in the skilled trades, including electrical work. This is due in part to a focus on four-year college degrees as the preferred career path, as well as a lack of awareness of the benefits and opportunities of skilled trades. Competition from other industries: The electrical industry is competing with other industries, such as construction and manufacturing, for skilled workers. Training and education: Training and education are critical for developing the skills and knowledge necessary for electrical work. However, there is a shortage of qualified trainers and educators. Increasing demand: The demand for electrical services is increasing, particularly in areas such as renewable energy and smart grid technology. Attracting and retaining workers To attract and retain workers, the electrical industry must offer competitive wages and benefits One strategy to address the labor shortage is to increase awareness of skilled trades and to promote the benefits of a career in the electrical industry through outreach programs in schools, career fairs, and other events. Providing access to quality training and education programs that develop the skills and knowledge necessary for electrical work is crucial for attracting and retaining workers. This can be done through apprenticeship programs, vocational schools, and community colleges. To attract and retain workers, the electrical industry must offer competitive wages and benefits, as well as a safe and supportive work environment. This includes offering training and development opportunities, flexible schedules, and opportunities for advancement. Inclusive work environment The electrical industry is changing rapidly, and workers must be equipped with the latest technology and tools to stay competitive. Providing workers with training and access to the latest technology can help attract and retain workers. The electrical industry should actively promote diversity and inclusivity to attract a wider pool of workers. This includes efforts to recruit workers from underrepresented groups and create a welcoming and inclusive work environment. The electrical industry is changing rapidly, and workers must be equipped with the latest technology Companies in the electrical industry are addressing the labor shortage problem by investing in workforce development programs and initiatives. For example, Schneider Electric has developed a comprehensive workforce development program called the Schneider Electric Energy and Automation Training (SEAT) program. The SEAT program provides training and certification for employees, customers, and partners in areas such as energy management, automation, and digital transformation. Developing training programs Siemens has developed several initiatives to address the labor shortage in the electrical industry. These initiatives include apprenticeship programs, vocational training programs, and partnerships with educational institutions to develop training programs. Graybar, a distributor of electrical products and solutions, has developed a workforce development program called Graybar University to provide training and education for employees, customers, and partners in areas such as lighting, automation, and safety. Joint apprenticeship training program Collaboration among industry, education, and government is crucial for developing solutions The International Brotherhood of Electrical Workers (IBEW) and the National Electrical Contractors Association (NECA) have developed a joint apprenticeship training program that provides training and education for individuals looking to enter the electrical industry. The program provides on-the-job training and education in areas such as electrical theory, safety, and installation. Collaboration among industry, education, and government is crucial for developing solutions to the labor shortage in the electrical industry. This includes partnerships between industry and education institutions to provide training and education programs, as well as government initiatives to support workforce development in the skilled trades.

Many economists are predicting a recession in 2023, although most agree business conditions should improve by the end of the year. For the electricals market, numerous factors are in play that can offset the downturn, and any projections must also consider the variables of the local market (rather than the national or international outlook). Economic weakness and challenges The Conference Board forecasts that economic weakness will intensify and spread more widely throughout the U.S. economy over the coming months with a recession starting in early 2023. Real GDP growth was expected to be 2.0 percent year-over-year in 2022, then slow to 0.2 percent in 2023, and later rebound to 1.7 percent in 2024, according to the Conference Board. 2023 comes on the heels of a challenging year for electricals, when price increases and product shortages were a stark reality. Impact of  higher prices  A troubled geopolitical environment provides an additional source of economic uncertainty Sales growth numbers in 2022 were skewed by the impact of inflation: How much of the bigger numbers were “real growth” and how much reflected the impact of higher prices? Higher prices accounted for the lion’s share of revenue growth by some estimates, with real growth in the low single digits. A troubled geopolitical environment, exemplified by the war in Ukraine and a continuing COVID crisis in China, provides an additional source of economic uncertainty.   environmentally friendly technologies A positive factor that may offset the fragile outlook in 2023 includes an overall trend toward greater electrification and away from less energy-efficient power sources. Governments around the world are pushing for more environmentally friendly technologies, which provides positive headwinds for the electricals market. In the United States, for example, the Inflation Reduction Act, passed in August 2022, includes government investments and tax incentives to drive the transition to a greener world, including $27 billion to deploy low- and zero-emissions technologies, and $1 billion more each for advancing zero-emissions heavy-duty vehicles and for zero-energy building code adoption. Tax incentives Another $750 million will be spent to establish interstate electricity transmission lines, and $87 million will go to low-emission electricity programs. Tax incentives will provide new inducements for consumers to transition to electric technologies, which means more business for the broader electrical market. The government is also encouraging investment in infrastructure spending and the construction of factories for a variety of electrical products. Residential construction The higher interest rates present affordability challenges for home buyers and a slowdown in the market Residential construction, a big factor in the electricals outlook, has slowed down considerably in 2022, and the trend will likely continue into 2023. The U.S. Federal Reserve has raised interest rates by a total of 4.25 percentage points in 2022, a trend that is reflected in the interest rates charged to homebuyers. Mortgage rates for a 30-year fixed mortgage increased from 3.2% to 6.3% in 2022. The higher interest rates present affordability challenges for home buyers and a slowdown in the market for single-family construction. Markets in the Sunbelt are less affected, but data on housing starts and building permits nationwide reflect the slowdown. Non-residential construction Non-residential construction has held up well in 2022, but demand is weakening in the new year, while a backlog of projects will likely preclude the worst of the impact, although the business pipeline will eventually be depleted. A troubling long-term trend for the construction market, and by extension the electricals market, is the tendency of companies to allow employees to work from home at least part of the time. The apparent eventual consequence is to lower the demand for office space, already reflected in lower occupancy numbers in some markets. Less construction means less demand for electrical products and services. Obviously, the long-term trend lines are still uncertain.   Supply chain woes Supply chain woes and longer lead times continued to plague the world market at the start of 2023, although the situation has improved since the worst of times. Lead times are still months longer than normal, and products powered by semiconductor chips, such as lighting controls, are especially a challenge. An employee shortage continues as companies in all sectors of the electricals market struggle to find enough employees to fill their needs. The shortage stimulates opportunities for companies to work smarter and to provide more preassembled electrical products to simplify installation.

SoFi Stadium, a world-class venue, turned to industry major - Belden for a complete end-to-end cabling and connectivity solution. Belden’s cutting-edge technology supports the stadium’s data-heavy demands, including the one-of-a-kind, roof-suspended Oculus video board, Wi-Fi infrastructure, digital ticketing, and a DAS system. Belden’s solutions for SoFi Stadium When the stadium’s owners required a solution that delivered top-tier quality, performance, and reliability while reducing labor costs, they called Belden. Count on Arrow to deliver unparalleled excellence in the low-voltage industry. Arrow will equip with the competitive advantage needed for any customer, any configuration, and any budget. Copper Cables & Copper Solutions Discover the ultimate lineup of Belden Inc. category cables, tailored to suit every application imaginable! Discover the ultimate lineup of Belden Inc. category cables, tailored to suit every application imaginable! Many cables featured their signature patented Bonded-Pair design, guaranteeing unparalleled signal integrity. Plus, with DataTuff® Industrial category cables, rest assured the system remains resilient against the toughest environmental conditions. Category 6A Choose from an assortment of configurations including small diameter, snake, industrial, non-bonded, and their innovative patented Bonded-Pair technology. Elevating performance benchmarks, Belden's renowned 10GXS Cable stands as the gold standard in the industry. Category 6 Belden has a wide array of Category 6 performance options, featuring their top-of-the-line REVConnect 3600 System cable boasting premium performance and ample headroom. The REVConnect 2400 System cable, surpasses TIA-568-C.2 standards, all backed by Belden’s renowned quality. Category 5e Belden presents a range of Category 5e performance options, with their flagship 1200 Series cable delivering exceptional headroom, surpassing the TIA-568-C.2 Category 5e standard. Featuring Bonded-Pair technology, their 1200 Series ensures unparalleled robustness in installations. Patch Panel Belden’s commercial-grade panels are available in modular (empty) configurations Belden offers a comprehensive range of copper patch panels tailored to meet the demands of both commercial and industrial settings. Belden’s commercial-grade panels are available in modular (empty) configurations or pre-loaded with high-quality copper jacks designed for Category 6A, 6, and 5E network installations. Trunk Cable Optimized for data centers, enterprise networks, and any environment prioritizing swift installation, Trunk Cable Assemblies offer factory termination and rigorous testing, slashing installation time by up to 90%. 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Siemens has developed a digital twin especially for large event spaces. The technology makes it possible to realistically reproduce and simulate very precisely a building’s acoustics and structure. The Sound of Science application will be used for the first time in the Großes Festspielhaus – the Large Festival Hall – at the Salzburg Festival. Sound of Science application Orchestral formations on the stage can also be tested and arranged in advance Sound of Science will enable event organizers to virtually explore how acoustics change in different spatial configurations – for example, how adding acoustic panels affects the listening experience – in order to select the optimal acoustic scenario. Orchestral formations on the stage can also be tested and arranged in advance – before a single note is heard in the real world. This approach saves money, resources and time. Siemens to use digital twins “With Sound of Science, we’re designing the future. Digital twins are not only transforming the everyday for many companies, but are also creating new opportunities for the cultural and creative industries,” said Prof. Dr. Stephan Frucht, Artistic Director of the Siemens Arts Program. Dr. Stephan Frucht adds, “In the future, we’ll be able to plan stage productions better and even simulate them acoustically in advance. We’re delighted to have the Salzburg Festival at our side as a long-standing partner, who recognizes the opportunities such innovations offer.” Sound of Science app for select partners Siemens will make the Sound of Science app available to selected partners from the cultural world free of charge as a demonstration application. There are currently no plans to market the application. Its simulation solutions, however, may be purchased. The Salzburg Festival’s Großes Festspielhaus is the first and only large event space to date in which Sound of Science is available. However, Siemens is planning to digitally simulate further spaces – including concert halls in Germany and England. At the Salzburg Festival, audiences will have an opportunity – unique for the time being – to use VR glasses to experience the application at the festival’s opening on July 20. Siemens and the Salzburg Festival “Siemens and the Salzburg Festival share a common passion for excellence and innovation. And we’re delighted to partake in this pioneering technological development and innovation as part of our long-standing close and trust-based partnership,” said Dr. Kristina Hammer, President of the Salzburg Festival. Dr. Kristina Hammer adds, “We’re excited to see what diverse applications will stem from Sound of Science in the future.” Siemens Simcenter’s simulation solutions The technologies used are part of the simulation solutions from Siemens Simcenter The technologies used are part of the simulation solutions from Siemens Simcenter, which has been part of the company’s core business for over 15 years. The technology is mostly used in industry – for example, for the acoustic optimization of vehicle interiors or for protection against street noise. For Sound of Science, Simcenter uses a combination of impulse response measurements and ray tracing for the 3D modeling of each event space. These methods can measure the echo and reverberation of a sound and simulate how sound waves propagate in a room. Depending on the material, reflections of sound waves behave differently. Those that bounce off a concrete wall react differently from those that hit a carpet or reach the ear directly. As a result, the simulation can reproduce the individual sound signature of each event space – in other words, its acoustic DNA. Siemens Festival Nights Siemens has been working closely with the Salzburg Festival for around 30 years. Since 1999, the company has also been the festival’s main sponsor. Since 2002, the Siemens Festival Nights have been held on Kapitelplatz square during the Salzburg Festival. Since its beginning, this open-air event has provided more than one million visitors with the opportunity to experience previous and current festival productions on an LED screen free of charge. In addition, some of the Salzburg Festival’s venues are equipped with Siemens technology from the areas of building automation, security and acoustics.

Zermatt is a truly unique destination nestled in the Swiss Alps. The town is primarily renowned for its iconic Matterhorn Mountain, which stands at 4,478 meters and is one of the highest and most recognizable peaks in the Alps. Zermatt’s landscape includes 38 peaks over 4,000 meters. With around 2.5 million overnight stays recorded in 2023, Zermatt is one of the most popular tourist destinations in Switzerland. However, due to the town’s remote location and rugged terrain, Zermatt faces specific challenges. These include the need for reliable and sustainable infrastructure and the management of natural risks, such as avalanches and extreme weather events, which can disrupt infrastructure and pose safety concerns. These factors, combined with the altitude difference, oxygen-deficient air, and steep terrain, underscore the need for innovative solutions. For decades, together with its innovative customers, Siemens has been developing technological solutions to meet these challenges.  Evaluation of energy flows The hut operates mainly autonomously and is largely self-sufficient in its energy needs The Monte Rosa Hut, located 2,883 meters above sea level, is one of the most iconic mountain huts in Switzerland. The high-tech hut has been equipped with Siemens building technology since its reopening in 2010. In 2021, 8.6 tons of lead batteries were replaced by 2.7 tons of lithium batteries.  Continuous online evaluation of energy flows indicated the need for a new solution as the existing lead batteries would soon reach the end of their lifespan. The hut operates mainly autonomously and is largely self-sufficient in its energy needs. With the building management system Desigo CC, as the comprehensive on-site solution to manage all the systems, such as HVAC, Shading, Lighting, Power, Fire Safety, and Security, the operator can quickly review the key equipment values, check key room KPIs, and troubleshoot any potential problems.  Troubleshooting potential problems In 2024, the open and flexible IoT platform “Building X” from Siemens was deployed. Building X is the scalable digital building platform to digitalize, manage, and optimize building operations, allowing for an enhanced user experience, increased performance, and improved sustainability.  The Matterhorn summer paradise offers bike trails, adventurous kickbike and dirt scooter descents Zermatt Bergbahnen AG is Switzerland’s largest cable car company. The cable car station ‘Matterhorn glacier paradise’ is Europe’s highest cable car station at 3,883 m above sea level. It offers year-round snow experiences and stunning views of 38 peaks over 4,000 m. The Matterhorn summer paradise offers bike trails, adventurous kickbike and dirt scooter descents, and 400 km hiking trails. In the winter, the company offers, together with Cervinia/Valtournenche, 54 lifts and a total of 360 km of slopes. Rapidly changing weather Infrastructure in mountainous and challenging terrain demands high standards due to factors such as altitude, low oxygen levels, and rapidly changing weather. Siemens and Zermatt Bergbahnen share a long-standing and successful partnership in areas such as low-voltage power supply and state-of-the-art control solutions, which has been expanded with the completion of the Matterhorn Alpine Crossing and the connection from Matterhorn Glacier Paradise to Testa Grigia in Italy. Siemens solutions provide complete transparency and traceability of the system, thereby ensuring a seamless energy management overview of the entire infrastructure. This system ensures that all the energy values can be managed directly on the control units and displayed graphically on a state-of-the-art display/HMI or SCADA. Data from different subsystems provided by a wide range of manufacturers can be easily integrated into the overall Siemens system via standardized interfaces. Remote management of critical systems The Gornergrat Railway (GGB) and Matterhorn Gotthard Railway (MGB) are part of the BVZ Group The Gornergrat Railway (GGB) and Matterhorn Gotthard Railway (MGB) are part of the BVZ Group, which includes 10 subsidiaries. The BVZ Group provides public transport and tourism services in the cantons of Valais, Uri, and Grisons.  The GGB adopted the first cloud-based operational model in 2017, which was facilitated by Siemens Mobility. It ensures seamless and reliable operation. This innovative approach eliminates the need for on-site server infrastructure and allows for the remote management of critical systems. The integrated control and information system, known as “Iltis”, enhances operational efficiency and safety. This system enables remote control of signaling, monitoring of operations, and management of passenger information systems. Streamlining depot operations Another world premiere in 2023: The first mobile depot control system in the cloud, the Controlguide® TrackOps Depot, for the Matterhorn Gotthard Bahn. Controlguide® TrackOps Depot is an innovative depot control solution, enabling the local management of shunting activities and streamlining depot operations. Utilizing cloud-based technologies, Siemens provided flexible and scalable depot control solutions to ensure the efficient management of railway operations. Tablet-based control interfaces were introduced for depot operations, thereby enabling the simplified and efficient management of shunting activities directly from the field.