TSX:GRID - Post Discussion
Post by
ARIMA11 on Aug 02, 2022 3:56pm
Interesting
https://www.wsj.com/articles/power-companies-enter-peak-hurricane-season-lacking-enough-transformers-11659351601?mod=djemlogistics_h
“The fundamental problem with transformers is they’re used in everything that is related to electricity,” said Ray Kowalik, chief executive of engineering, architecture and construction company Burns & McDonnell Inc. The move to electric vehicles as well as rising interest in power-hungry cryptocurrencies and the development of solar and wind farms are a few factors pushing up demand for transformers of all sizes. Data center growth, increased residential construction and the replacement of old equipment also are contributing to the higher demand.
Public Service Enterprise Group Inc., PEG -0.88% which serves 2.3 million electric customers in New Jersey, used to be able to procure distribution transformers within 12 weeks. Now, it says it is taking more than a year. The company has lately started refurbishing some units, something it hasn’t typically done.
Be the first to comment on this post