Power developers are procuring transformers early and at a premium to mitigate a supply shortage expected to continue for ...

Severe shortages of power transformers are stalling grid expansion as developers face skyrocketing prices and four year wait times for critical equipment.

The iron-core transformer is the 140-year-old technology that props up both the electrical grid and AI companies. The devices are clunky but reliable, which explains why they’re still in use: If it ...