Siemens to Invest $500M in U.S. Electrification

Siemens to Invest $500M in U.S. Electrification

Siemens's new facilities will address increasing requirements for electrification, including charging infrastructure.

Siemens has committed $150 million to establish a new high-tech manufacturing plant in the Dallas-Fort Worth area, aimed at producing advanced electrical equipment for American data centers and critical infrastructure. The facility is anticipated to support the rapidly growing U.S. data center market, which is expected to see an annual demand increase of about 10% through 2030, partly due to the widespread adoption of generative AI technologies.

Roland Busch, president and CEO of Siemens AG, stated, “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.” He highlighted the move as part of Siemens’ €2 billion global investment strategy for 2023, which is focused on fostering growth, innovation, and resilience.

This investment is among several in the United States for Siemens this year, totaling $510 million. Earlier, the company announced a $220 million investment in a new rail manufacturing facility in Lexington, North Carolina, now under construction. Additionally, Siemens is expanding its operations with investments in two electrical-products manufacturing plants in Grand Prairie, Texas, and Pomona, California. Collectively, these projects are expected to generate approximately 1,700 new jobs in the U.S.

The new Fort Worth facility, along with expansions in Grand Prairie and Pomona, will address the increasing requirements for electrification within critical sectors, including data centers, battery manufacturing plants, semiconductor facilities, and electric vehicle (EV) charging infrastructure. The Fort Worth plant is slated to commence production in 2024, with full operational capacity expected by 2025. Siemens plans to incorporate its advanced manufacturing tools, such as digital twin technology and sophisticated automation processes, to ensure top-tier quality, efficiency, and sustainability. Furthermore, the Siemens Xcelerator portfolio will be employed to collect and analyze real-time data on production and product performance.

The $150 million investment in the Fort Worth plant is part of Siemens’ larger €2 billion global investment strategy, announced in June 2023, which focuses on high-tech factories, innovation labs, and educational centers to enhance the company’s position in digitalization, automation, electrification, and sustainability. This strategy includes investments across various global regions, including China, Southeast Asia, Europe, and the U.S.

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