Power Alley 3/4/2026

Power Alley, by Industria Partners, is a collection of articles focusing on trends and transactions across the electrical infrastructure value chain. 

Chart of the Week: 

BNEF expects power demand from data centers to more than double, reaching 106 gigawatts by 2035. – BloombergNEF

Recent Market News:

• NextEra Energy expects to build between 15 and 30 gigawatts of new generation capacity ‌for U.S. data centers in the next nine years due to the immediate energy demands, increasingly requiring the construction of new power plants. – Reuters
• According to analysis from Bank of America Institute, 31% of U.S. transmission and 46% of distribution infrastructure are near or past their intended lifespan, and 70% of U.S. transmission lines and transformers have been in service for over a quarter century. – Utility Dive

Transactions:

• 3/4/2026: MacLean Power Systems and Power Grid Components, manufacturers of engineered components and solutions for electrical transmission, distribution, substation and communication infrastructure, completed their merger. – PR Newswire
• 3/4/2026: Enverus acquired Spatial Business Systems, an AI-enabled intelligent design automation platform for electric and gas utilities, telecommunications providers, and engineering teams. – PR Newswire
• 3/2/2026: A consortium of investors including BlackRock’s Global Infrastructure Partners and investment group EQT acquired major U.S. utility company AES, for $10.7 billion. – Wall Street Journal
• 3/2/2026: Power Solutions International acquired MTL Manufacturing & Equipment, a manufacturer and supplier of switchgear subbases, electrical enclosure assemblies, and fuel tanks used in large power generation products. – GlobeNewswire
• 2/24/2026: Gridco, a provider of maintenance, upgrade, and construction services to electric utilities, received a strategic growth investment from BayHawk Capital. – Business Wire
• 2/19/2026: Generac Holdings acquired Enercon Engineering, a designer and manufacturer of custom power equipment and industrial enclosures for demanding, high-reliability applications. – Generac
• 2/18/2026: Heron Power, an energy infrastructure company developing solid-state transformers, closed a $140 million Series B round. – Heron Power
• 2/13/2026: ABB entered into an agreement to acquire Premium Power, an electrical engineering consultancy. – ABB

In-Depth Read:
The hidden capacity in field crews – Utility Dive

Podcast:
The Almost-Crisis That Struck Virginia’s Power Grid – WSJ Tech News Briefing

Industria Partners maintains a core focus on high-value electrical services and products, offering tailored strategic advisory services to companies at every stage of the business cycle. Through industry connectivity, transaction experience, and expert execution, Industria delivers superior outcomes to its clients. Visit our website: Industria Partners