Energy startup Ayr Energy sees success with old tech

Ayr Energy is experiencing significant growth by manufacturing electrical transformers using century-old iron-core technology, a strategy that is proving successful amidst soaring demand fueled by AI data centers. The company has secured over $500 million in orders, challenging established giants like GE and Siemens. Ayr's modular design allows for customer flexibility, appealing to renewable energy firms, independent power producers, and data center developers who face long equipment lead times. This approach positions Ayr to potentially introduce newer technologies like solid-state transformers in the future.