- In July 2024, Nynas AB announced its new initiative to develop biodegradable transformer oils, aiming to meet environmental regulations and offer sustainable alternatives to traditional oils, focusing on reducing the ecological impact of electrical infrastructure
- In March 2024, ExxonMobil expanded its production facilities in the U.S. to increase the supply of high-performance naphthenic transformer oils, driven by the rising demand in North America for power grid upgrades and renewable energy projects
- In August 2023, Shell Global introduced a new refining technology to enhance the thermal stability and efficiency of its transformer oils, ensuring longer lifespans and better performance, especially for high-capacity transformers in renewable energy systems
- In November 2023, PetroChina expanded its supply of naphthenic transformer oils to support growing renewable energy infrastructure in China, which is undergoing large-scale investments in wind and solar energy projects requiring efficient transformer systems
