The Device Throttling the World’s Electrified Future |
A shortage of transformers is causing delays to power projects everywhere, holding trillion-dollar industries hostage—and that was before tariffs.
Source: Helicase21
The Device Throttling the World’s Electrified Future |
A shortage of transformers is causing delays to power projects everywhere, holding trillion-dollar industries hostage—and that was before tariffs.
Source: Helicase21
1 Comment
Probably the key passage:
> That’s particularly true in the US. Eva Gonzalez Isla, researcher for grids and utilities at BloombergNEF, says that transformer companies made investments in the early 2000s to expand manufacturing capacity in the US while anticipating a rise in electricity demand. Then came the financial crisis of 2008, after which electricity demand did not bounce back quickly. Many companies were unable to recover their investments.
> Now those firms are seeing a rise in demand for transformers alongside the buildout of data centers for AI, but remain unsure if the trend will continue, says Gonzalez Isla. “Transformer companies aren’t going to open new plants only to shut it down after 10 years of business,” she says.