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Siemens Energy Commits $1 Billion to Expand U.S. Grid and Gas-Turbine Manufacturing

The investment targets fast-rising power demand linked to AI growth and industrial electrification.

Overview

  • Siemens Energy will expand facilities in Alabama, Florida, New York and Texas, restart gas-turbine production in Charlotte, North Carolina, and build a new high-voltage switchgear factory in Mississippi.
  • The company plans an AI-enabled digital grid technologies lab in Orlando in partnership with Nvidia to analyze real-world grid data and support disaster preparedness.
  • Turbine manufacturing in Charlotte, halted in 2020, is slated to resume with first shipments expected in two to three years as parts production also scales in Winston-Salem and equipment builds up in Tampa.
  • The effort is expected to add more than 1,500 skilled jobs across manufacturing, engineering and operations as Siemens Energy ramps U.S. capacity.
  • Executives cite surging electricity needs from data centers and electrification, as well as supply-chain bottlenecks and long lead times for transformers and switchgear, with the CEO attributing momentum in part to the current policy environment.