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Hitachi Energy Commits $250M to Address Transformer Shortage

William Attardi on March 10, 2025

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

States in a Race Against Big Tech for Power Plants by Marc Levy, Associated Press

William Attardi on March 10, 2025

Facing projections of spiking energy demand, U.S. states are pressing for ways to build new power plants faster as policymakers increasingly worry about protecting their residents and economies from rising electric bills, power outages, and other consequences of falling behind Big Tech in a race for electricity. Some states are dangling financial incentives. Others are undoing decades of regulatory structures in what they frame as a race to serve the basic needs of residents, avoid a catastrophe and keep their economies on track in a fast-electrifying society. The spike in demand for electricity is being driven, in large part, by the artificial intelligence race as tech companies are snapping up real estate and seeking power to feed their energy-hungry data centers. Federal incentives to rebuild the manufacturing sector also are helping drive demand. States in a Race Against Big Tech for Power Plants – electrifiED

 

What Are Stablecoins and How Do They Work?

Stablecoins are less volatile than other cryptocurrencies (like Bitcoin) and due to crypto assets’ inherent instability, stablecoins are growing in popularity with both crypto and traditional markets. Stablecoins are a type of crypto asset, but one that offers a way to bridge the gap between fiat currencies like the U.S. dollar and cryptocurrencies. Because they are price-stable digital assets that behave like fiat but maintain the mobility and utility of cryptocurrency, stablecoins are a novel solution to crypto volatility: price stability is built directly into the assets themselves.  There are four primary stablecoin types, identifiable by their underlying collateral structure: fiat-backed, crypto-backed, commodity-backed, and algorithmic stablecoins.  What Are Stablecoins and How Do They Work? | Gemini