Siemens Energy investing $1B, creating highly skilled jobs in US
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Siemens Energy said Tuesday it will invest $1 billion to expand power grid and gas turbine manufacturing in the United States as rising electricity demand from data centers and artificial intelligence strains the nation’s energy infrastructure.The investment is expected to create more than 1,500 highly skilled jobs across manufacturing, engineering and operations as Siemens Energy increases production capacity and workforce levels in the U.S.The move comes as major technology companies pour hundreds of billions of dollars into new U.S. data centers, driving a sharp increase in electricity demand that utilities say the country’s aging power grid was not designed to handle.Government reports have warned that data centers could account for as much as 12% of U.S. electricity demand within two years, nearly triple their share in 2024.CHEVRON CEO DETAILS STRATEGY TO SHIELD CONSUMERS FROM SOARING AI POWER COSTS"Siemens Energy has been making things in the United States for more than a century, and we are experiencing a once-in-a-generation growth opportunity driven by the resurgence of U.S. manufacturing and the expansion of artificial intelligence," Siemens Energy CEO Christian Bruch said in a statement.Bruch said the company’s investment plans have been accelerated by policy priorities focused on energy security, grid reliability and domestic manufacturing.Surging power needs tied to large technology projects have fueled a wave of deals aimed at adding new generation and grid capacity, though supply-chain constraints, lengthy permitting timelines and regulatory hurdles continue to slow those efforts.Siemens Energy said the $1 billion U.S. investment is part of a broader $7 billion global expansion plan and includes targeted upgrades at existing American facilities, as well as construction of a new grid-equipment factory in Mississippi.Bruch said the Mississippi facility would be the company’s largest grid-equipment factory worldwide and is expected to be completed in 2028.CLICK HERE TO GET FOX BUSINESS ON THE GOThe expansion is expected to increase Siemens Energy’s global production capacity for large gas turbines by roughly 20%.Weiter zum vollständigen Artikel bei FOX Business
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Quelle: FOX Business
