Siemens Energy is investing $1 billion in the United States to boost production of grid and gas turbine equipment.
Siemens Energy announced the investment in a press release on Tuesday, saying it is “to support strong growth in the U.S. market” as electricity demand increases.
“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 due to the resurgence of U.S. manufacturing and the growth of artificial intelligence,” Siemens Energy CEO and President Christian Bruch said in a statement.
He added that the Trump administration has “supercharged the…
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