I. Introduction
Geomagnetic storms are a type of space weather event in which the Earth's magnetic field interacts with magnetic solar material [1], [2]. Variations in the Earth's magnetic field produced by this interaction result in electric field variations according to Faraday's law of induction. Furthermore, these electric fields give rise to low-frequency currents, known as geomagnetically induced currents (GIC) flowing along conducting paths of large extension, such as power transmission lines, pipelines, and railways [2]. In the case of transmission lines, GIC occurrence and impact has become substantially more significant over the last decades with the exponential growth in electric grids, as well as the trend towards the use of higher transmission voltages and lower line resistances to reduce transmission losses over long distances, which results in electric power systems that are more susceptible to GIC effects. GIC can affect various power components, such as transformers, generators, protection devices, grid communication systems, etc. Depending on the severity and duration of a geomagnetic event, the effects of GIC can range from minor fluctuations in the power grid to malfunctioning of protection devices, damage of power apparatus, and even complete power outages [3].