At Ross McGregor’s family-owned factory in Springfield, Ohio, roaring presses slam, shape and weld metal to make parts for cars, farms and power plants.
His company, Pentaflex, is an energy-intensive business, and the former Republican state legislator says it is one of many in America’s manufacturing heartland that are struggling due to soaring energy prices.
In Ohio, electricity bills for industrial clients have risen 17 per cent since January 2025, and McGregor expects a 15 to 20 per cent jump when he renegotiates his contract next year. Energy demand is soaring in the Midwestern state, which has become a hub for data centres to power the AI boom.