Investments in Transformer Manufacturing Aim to Meet Surging Demand

December 31, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Electric utilities have been clamoring for a more robust supply chain for distribution transformers for the better part of three years. But they were being stymied over a U.S. Department of Energy (DOE) draft rulemaking to increase the efficiency of those transformers, which are critical parts of a utility's distribution infrastructure. Earlier this year, the DOE dropped its rulemaking, removing a cloud of uncertainty hanging over the companies that make that equipment. Companies featured: Cleveland-Cliffs Incorporated (NYSE:CLF)