A New Electricity Supercycle is Under Way

Global investment in electrical grid infrastructure is surging amid rising demand for power and the shift to renewable energy, reaching nearly $400 billion in 2024 from just over $300 billion in 2020. The International Energy Agency forecasts spending will hit $600 billion annually by 2030, driven by decarbonization efforts, electrification of transport and heating, and growing power needs from data centers and developing economies. Major equipment manufacturers including Schneider Electric, Hitachi, and Siemens Energy are expanding production capacity to address severe supply chain bottlenecks, with transformer prices up 60-80% since 2020 and wait times extending to five years.Read more of this story at Slashdot.
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