Systems and methods for analyzing electrical signals to identify and manage stress conditions, risk states or aging states associated with capacitors

A system for identifying and managing stress conditions, risk state or aging state associated with at least one capacitor associated with electrical equipment in an electrical power system, comprising:

• at least one electrical signal measuring device configured to measure electrical signals associated with the at least one capacitor, the electrical signals including at least one of voltage and current signals;
• and
• at least one processing device coupled to the at least one electrical signal measuring device, the at least one processing device configured to:
• determine at least one characteristic of the electrical signals associated with the at least one capacitor;
• analyze the at least one characteristic of the electrical signals or information derived from the electrical signals by identifying at least one of a predictive pattern and abnormality indicative of a possible stress condition, risk state or aging state associated with the at least one capacitor or associated components;
• identify a possible stress condition, risk state or aging state associated with the at least one capacitor or associated components based on the analysis;
• in response to identifying a possible stress condition, risk state or aging state, determine at least one probable impact of the possible stress condition, risk state or aging state on the at least one capacitor or associated components;
• and
• taking at least one action based on the at least one determined impact, the at least one action including to discard or record the identification, to inform a user or a system of the identification, or to reduce or eliminate the possible stress condition, risk state or aging state.