This energy startup’s bet on 100-year-old grid tech is paying off

What Happened

Ayr Energy, a transformer startup, is backing iron-core technology despite newer alternatives. The company has secured over $500 million in orders, driven by surging demand from AI data centers and renewable energy projects. Ayr partners with Indian manufacturers to produce modular transformers that allow design changes late in production. The startup competes with giants like GE and Siemens, exploiting their hesitation to invest in new manufacturing capacity during the current demand surge.

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