Power Grid and Transformer Market Trends — 2026-07-14
Sumitomo Electric and Van Oord have secured the design contract for the UK’s Shetland 2 HVDC project, while GE Vernova’s electrification segment logged $2.4 billion in data center equipment orders in Q1, highlighting how AI and renewable energy demand are driving the power equipment industry. Meanwhile, GE Vernova shares fell 4.02% on the 13th due to profitability concerns in its wind segment and supply chain bottlenecks.
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