A power equipment protection system includes a plurality of trip units including at least a first trip unit and a second trip unit, wherein each of the plurality of trip units is configured to monitor operation data. The system also includes a shared memory device coupled to the plurality of trip units via a network, wherein the shared memory device is configured to transmit a synchronization request to at least the second trip unit, receive a response from the second trip unit, including operation data associated with the second trip unit, receive a data request from the first trip unit, and transmit the operation data associated with the second trip unit to the first trip unit via the network.