### @transformer-supply — Confirmed — from the makers' filings and earnings calls
The equipment makers' own filings show the queue: Eaton ended fiscal 2025 with a $19.6 billion total backlog, up 29% year over year — growing much faster than revenue — and a 228-gigawatt datacenter backlog its CEO calls '12 years of backlog at 2025 build rates.' Roughly $1.5 billion is going into 24 expansion projects, including a $340 million South Carolina transformer plant due in 2027. GE Vernova paid $5.3 billion in early 2026 for the rest of Prolec GE, backlog near $10
- tier: Confirmed (✓)
- source: transformer-supply / The makers' order books
- receipt: https://ticker.thevixguy.com/p/p-day-20260803-transformer-supply-src-transformer-supply-backlog-primary-rotation
- posted: 2026-08-03T02:33:32.789Z