Companies

Siemens Energy to Invest $1 Billion in US Energy Sector, Manufacturing

The company plans to meet growing US power demand by substantially expanding power generation nationwide.
Siemens Energy to Invest $1 Billion in US Energy Sector, Manufacturing
A trader walks next to Siemens Energy logos during Siemens Energy's initial public offering at the Frankfurt Stock Exchange in Frankfurt, Germany, on Sept. 28, 2020. Ralph Orlowski/Reuters
Mary Prenon
Mary Prenon
Freelance Reporter
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Munich-based Siemens Energy has announced plans to invest a total of $1 billion in U.S. production for grid and gas turbine equipment as well as creating more than 1,500 skilled jobs.

In a Feb. 3 statement, the company also touted its expansion blueprint for facilities in North Carolina, Alabama, New York, Texas, and Florida, as well as a new switchgear plant in Mississippi.

Mary Prenon
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.