Siemens Energy plans to invest $1 billion to expand U.S. production of grid and gas turbine equipment and hire more than 1,500 workers as electricity demand surges from data centers, artificial intelligence infrastructure and industrial electrification.
Most people never think about the electrical grid when they turn on their TV, charge their smartphone or surf the Internet. But, without it, none of those things would work.
MEMPHIS, TN—Mitsubishi Electric Power Products Inc. has opened a new, $200 million assembly plant here. The facility currently employs 65 people and is expected to employ 275 at full production.