Turning to Demand Siemens Energy Spends One Billion Dollars in the USA

Source: dpa 1 min Reading Time

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US demand for electricity is soaring. Siemens Energy does not want to miss out on this development ...

Siemens Energy has discovered the USA as a prosperous growth market for network technology and gas turbines! In order to be able to meet demand at some point, the company is already digging deeper into its pockets ...(Image: Siemens Energy)
Siemens Energy has discovered the USA as a prosperous growth market for network technology and gas turbines! In order to be able to meet demand at some point, the company is already digging deeper into its pockets ...
(Image: Siemens Energy)

Siemens Energy is planning to expand its US capacities for grid and gas turbine technology due to strong demand. A total of one billion dollars (around 845 million euros) is to be invested in the planned expansion, according to information from New York. In addition, 1,500 employees are to be hired in the coming years. The company currently has around 12,000 employees in the USA. Siemens Energy intends to expand existing factories as part of the investment. A new plant is also to be built in the state of Mississippi, which will manufacture key components for the power grid in future, as we are also told. The USA is currently experiencing a significant increase in electricity demand. According to Siemens Energy, the rapid expansion of data centers and infrastructure for artificial intelligence (AI) as well as the increasing electrification of new industries are driving up electricity consumption. This trend is therefore becoming an opportunity.

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