April 8, 2024
The U.S. Department of Energy (DOE) has finalized congressionally mandated energy efficiency standards for distribution transformers to increase the resiliency and efficiency of America’s power grid, support good-paying, high-quality manufacturing jobs, and accelerate the deployment of affordable, reliable, and clean electricity.
The updated standards, which includes a longer compliance timeline of five years, will save American utilities and commercial and industrial entities $824 million per year in electricity costs, and result in more demand for core materials like grain-oriented electrical steel (GOES).