U.S. President Trump signed an emergency executive order on Wednesday, banning the procurement or installation of certain foreign-made large-scale electric power system equipment and related software, including key equipment such as transformers, citing national security concerns over potential cybersecurity or operational risks. The executive order also authorizes the Secretary of Energy to impose restrictions on already installed related equipment if necessary, and requires the Department of

On Wednesday, U.S. President Trump signed an emergency executive order, citing national security reasons, to ban the purchase or installation in the United States of certain foreign-manufactured major power system equipment and related software that may pose cybersecurity or operational risks, including key equipment such as transformers. The executive order also authorizes the Secretary of Energy to impose restrictions on already installed related equipment when necessary, and requires the Department of Energy to formulate implementation rules within 120 days, but it does not apply to local distribution facilities. This move may benefit U.S.-based electrical equipment manufacturers, including SolarEdge, Enphase Energy, and Tesla (TSLA.US).