More investments come pouring in.
Siemens Energy AG will invest $1 billion (€847 million) in U.S. manufacturing capacity over the next two years as electricity demand accelerates, driven in large part by data-center growth and grid constraints.
Most of the funds will go to expanding existing operations across North Carolina, Florida, Texas, Alabama and New York, plus a new plant in Mississippi, the company said Tuesday. The spending will focus on gas turbines and grid technology, including transformer production and servicing, and is expected to create about 1,500 jobs.
“The US is the hottest electricity market at the moment in the world,” CEO Christian Bruch said, adding that “The Trump administration’s push for data centers and speeding that up” is helping drive demand.
The company said it will resume turbine manufacturing in Charlotte, North Carolina, expand work elsewhere in the state, and grow capacity in Tampa, Florida—moves it expects will lift annual global production of large turbines by about 20%.
Siemens Energy also emphasized it’s trying not to overbuild.
“We see a line of sight until the end of the decade,” Bruch said, noting the investment is concentrated on expanding existing sites. “I do believe gas is an essential element in an energy system, whether it’s US or elsewhere.”
What’s fueling the urgency? Independent forecasts show U.S. data-center power demand climbing fast. BloombergNEF has said data-center power demand could more than double by 2035, with its outlook revised higher in late 2025 as project pipelines grew.
THE GOLDEN AGE IS HERE✨
Siemens Energy is investing a whopping $1,000,000,000 in America, creating jobs and expanding across the country! 🇺🇸 pic.twitter.com/DeZACWzy4U
— The White House (@WhiteHouse) February 3, 2026