Major utilities across the U.S. increased their annual spending on transmission and distribution (T&D) projects 12% from 2003 to 2023, from $287 billion to $320 billion, according to financial reports to the Federal Energy Regulatory Commission (FERC). That
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While hydropower is the largest source of electricity in Canada, the country is developing other forms of power generation. Industrial Info is tracking billions’ worth of Power Industry projects under construction in Canada, including a major hydro project and two projects aimed at boosting nuclear generation.
In addition to holding items on our refrigerators, magnets have a variety of purposes in the industrial sector and are used in high-tech equipment like wind turbines, electric vehicles, power transformers, health care, and aerospace and defense. Compared to conventional magnets, rare earth magnets are known for their exceptional strength and durability, making them essential in a wide range of applications, but these magnets come with downsides such as a scarcity of rare earth elements.
There are questions that are lingering on the minds of those in the industrial marketplace as to what the new year holds. Key decisions are still to be made regarding legislation that could have a pivotal impact on industrial sectors including the CHIPS Act, the Infrastructure Investment and Jobs Act, and the Inflation Reduction Act.
