In the past three years, ABB has invested more than $500 million in its US business, including opening a new $100 million manufacturing facility and innovation laboratory for industrial electric drives in New Berlin, Wisconsin in October 2024. A new $40 million ABB factory will open in Albuque...
1. Declining EROI.Much of the infrastructure of the United States was built in the day when oil was cheap because theEnergy Return on Energy Invested(EROI) was very high. Over time, EROI has dropped, and as a result, the price of oil has risen. When the price of oil was inexpensive,...