Electrical Equipment Manufacturers NAICS 3353

Nov 26, 2025 - Chevron Plans an Off-Grid, Gas-Fired Power Plant

• Chevron plans to build a 2.5-gigawatt off-grid power plant in West Texas by 2027 that's powered by the company's natural gas, according to The Wall Street Journal. The facility, designed to support an AI data center, could expand to 5 gigawatts, signaling rising demand for large-scale, private energy infrastructure. Partnering with GE Vernova and Engine No. 1, Chevron’s move reflects growing interest from hyperscalers as grid limitations intensify. Chevron’s experience operating remote power in Kazakhstan and Australia positions it to scale quickly, though its long-term commitment to power remains uncertain. As tech firms seek reliable energy, electrical equipment manufacturers may see increased opportunities in turbine installation support, transmission systems, and off-grid energy development.
• North American construction and engineering spending for power projects in 2026 is expected to rise 4% after anticipated flat growth in 2025, according to FMI’s fourth-quarter 2025 North American Engineering and Construction Outlook. Amid demand from data centers, electric vehicle adoption, and electrification in manufacturing, electricity consumption is expected to see average annual growth of 5% through 2028, according to the US Energy Information Administration. To support rising demand, power infrastructure investments are expected to rise 9% in 2027, 7% in 2028, and 4% in 2029.

• Demand for building design services increased slightly in October compared to the prior month, but overall design demand remained in negative territory, according to a November report by the American Institute of Architects (AIA). The AIA’s Architecture Billing Index (ABI) rose to 47.6 compared to September’s reading of 43.3. Any reading of 50 or more indicates growth in architectural billings. The score for new project inquiries rose to 54.8 in October from 50.1 in September, and the new design contracts index improved from 46.3 to 47.1. The AIA’s Chief Economist, Kermit Baker said, "Architecture firms estimate that billings declined modestly this year. Unfortunately, they are not expecting a significant turnaround in 2026. About a third of firms nationally project that their billings will increase this coming year, and a slightly higher share expect them to remain about the same. Firms with a multifamily specialization are the most optimistic about prospects for 2026."
• With federal support for renewables waning, manufacturers face canceled transmission projects, delayed clean-tech installations, and shrinking incentives, prompting a retreat from green manufacturing, according to The Wall Street Journal. The Trump administration’s focus on fossil fuels has destabilized investment in electricity infrastructure and hindered domestic manufacturing of electrical equipment that supports green energy expansion. The tax and spending bill passed in July 2025 winds down an estimated $400 billion in clean energy subsidies. For the first time on record, in the second quarter of 2025, more green manufacturing projects were cancelled than were announced. Meanwhile, China’s expansion in solar, wind, and battery production, backed by state subsidies, has positioned its firms as dominant global suppliers.