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Hammond Power Solutions Inc T.HPS.A

Alternate Symbol(s):  HMDPF

Hammond Power Solutions Inc. is a Canada-based company, which enables electrification through its broad range of dry-type transformers, power quality products and related magnetics. The Company's standard and custom-designed products are essential in electrical distribution networks through an extensive range of end user applications. The Company has manufacturing plants in Canada, the United States, Mexico and India and sells its products around the globe. Its products include power transformers, furnace transformers, converter transformers, regulating transformers, multi-pulse transformers, distribution transformers, pad mounted transformers and unitized substations. Its converter transformers are used in industries such as cement and steel plants, and other related applications. It serves various industries, including renewable energy, commercial infrastructure and industrial markets. It offers a variety of transformer and reactor solutions for the solar and wind energy market.


TSX:HPS.A - Post by User

Post by microcaphobbyon Jun 21, 2023 4:25am
251 Views
Post# 35506540

today's Wall Street Journal

today's Wall Street Journal Electrical equipment manufacturers and startups that build charging networks say shortages of equipment including transformers, switchgear and electrical steel are adding months to the time it takes to build charging facilities to power electric fleets.  

Industry officials say the delays are being fueled by a boom in power-hungry renewable-energy projects, data centers and semiconductor factories, stretching the production capabilities of electrical equipment suppliers. 

Electrical equipment manufacturers said companies should expect delays to worsen for some time as the growth of new technologies flowering at once strains power-generation supply chains. 

Barry Powell, head of electrical products for Siemens in North America, said lead times for electrical switchgear, which helps manage power systems, stretch to 40 or 50 weeks, up from 12 to 16 weeks a few years ago. 

Powell said back orders are building even though Siemens has accelerated production of the equipment. “The output is up 50% to 75%, but the demand is up 100% to 150%,” he said.

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