The transformer crunch is creating a hot market for grid startups. (Axios)
Heavyweights like Hitachi, Schneider Electric, and Prolec GE still dominate, but their new US factories will take years to come online.
That vacuum is pulling in startups, like Heron Power, DG Matrix, Ayr Energy, and the Eaton-acquired Resilient Power Systems—all of which are raising funds to build next-gen transformers.