Siemens invests $500m in US power manufacturing for critical infrastructure

Siemens invests $500m in US power manufacturing for critical infrastructure

Business news |
By Nick Flaherty

Siemens is to spend over $500m this year in the US on critical infrastructure including data centres, batteries, semiconductors, EV charging and rail transportation.

The investment by Siemens includes $150m in Dallas-Fort Worth for production of critical electrical infrastructure equipment to help power data centres and accelerate adoption of artificial intelligence (AI).

This will produce state-of-the-art reliable and efficient electrical equipment. It will enable accelerated growth of US data centres which are expanding to support generative AI. It will also ensure secure operation of critical infrastructure. This investment specifically supports long-term customers in the data centre market, where demand is expected to grow by around ten percent annually through 2030. 

Production at the plant is expected to start in calendar year 2024, gearing up for full operations in 2025, and will be built and operated using Siemens advanced manufacturing tools, including digital twin technology and high-tech automation. The Siemens Xcelerator portfolio will be used to capture and analyze data from the shopfloor on production and product performance in real time.

This is alongside $220m for a rail manufacturing plant in Lexington as well as $10m for two electrical-products manufacturing plants in Grand Prairie, Texas, and Pomona, California. These projects bring the overall investment in the US this year to $510m.

“There’s never been a better time to invest in critical electrical infrastructure and green mobility to support the backbone of America’s economy. The hardware and software we offer – produced through our expanded U.S. manufacturing presence – will ensure that growing industries can meet demand while continuing to make progress in decarbonizing operations,” said Roland Busch, President and CEO of Siemens in Germany. “With this latest step, Siemens is delivering on its €2 billion global investment strategy for 2023 to boost growth, innovation and resilience.”


If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :    eeNews on Google News


Linked Articles