The list of things that depend on transformers is long: new housing, EV chargers, renewable projects, and more. That’s why skyrocketing lead times and prices for grid equipment that raises or lowers voltage is a real problem. The wait for a new transformer has jumped to over two years, according to WoodMackenzie. Back in 2020 it took just a few months, according to Tim Mills, CEO at transformer manufacturer ERMCO. WoodMackenzie found that prices, meanwhile, have risen over 60% since 2020. So what’s causing the shortage? In this episode, Shayle talks to Tim about how rising demand for transformers has pushed manufacturers to capacity – and why it’s been so hard for manufacturers to expand that capacity. They also cover topics like: The state of the shortage, including prices, lead times and types of transformers that are in especially short supply. The major drivers of demand growth, including renewables, storms, federal investment, and EV chargers. How the housing boom and bust of the 2000s left transformer…