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Hitachi to Invest $1 Billion to Produce Power Grid Components in US by Laila Kearney

Hitachi plans to invest $1 billion to expand its U.S. power grid infrastructure manufacturing, its energy unit said on Thursday, as the country faces record electricity demand from Big Tech’s build-out of AI data centers. The U.S. holds the biggest concentration in the world of data centers, which are expected to triple their energy use to consume about 12% of the domestic power supply in less than three years. As a result, many utilities are ramping up spending on the long-stagnating electrical grid. Nearly half of Hitachi Energy’s latest investment, or $457 million, will go towards building a new facility in South Boston, Virginia, to manufacture large power transformers. The facility will be the biggest U.S. producer of the massive transformers, which can run as large as a two-story home, Hitachi said.  Hitachi to invest $1 billion to produce power grid components in US | Reuters

Hitachi Energy Commits $250M to Address Transformer Shortage

Electricity demand associated with artificial intelligence and data center development mean “the need for transformers has surged beyond initial projections,” Hitachi Energy said. Hitachi Energy on Monday announced a $250 million investment to expand global production of critical components for electrical transformers, including “enhancing production capacity at the company’s transformer factories in Virginia, Missouri, and Mississippi.” Power management company Eaton announced in February that it will invest $340 million to increase U.S. production of its three-phase transformers. Production and hiring is expected to begin in 2027 at the company’s production facility in Jonesville, South Carolina. Hitachi Energy commits $250M to address transformer shortage | Utility Dive

National Football League – American football began as a hybrid of soccer and rugby on post-Civil War college campuses. Football was wildly popular but disorganized in the early 1900s. In an effort to standardize and organize, the National Football League was formed in 1920 in Canton, Ohio.  The NFL is the premier professional organization for American football, with 32 teams in two conferences and almost 1,700 active players. In 2023, the NFL generated nearly $20B in revenue. With its teams valued at $190B combined, it is the most valuable sports league in the world. The popularity of the NFL has made it a global sport. In 2002 the NFL began featuring fantasy games on its site.  The NFL is the most valuable sports league in the world.  NFL teams are worth a total of $163B. Each team holds an average value of over $5.1B, almost as much as the NBA and MLB combined. The Dallas Cowboys, valued at $9B, are the most valuable sports franchise on Earth. (NY Yankees are at 8.2B….just saying).