Siemens Energy announced a $1 billion investment to expand U.S. grid equipment and turbine production, citing surging power demand driven by artificial intelligence and data centers.

Siemens Energy announced the company will invest $1 billion in its U.S. manufacturing operations. The company will invest up to $300 million, creating up to 300 new advanced manufacturing jobs through an expansion in Rankin County.

The move is part of the energy company’s $1 billion investment by Siemens Energy in manufacturing in the United States

The German manufacturer announced plans to expand factories in several U.S. states and build a new plant in Mississippi.

The energy technology company is pouring $131 million into Florida facilities, as electricity demand is forecast to grow at rates not seen in years.

Siemens Energy is investing tens of millions of dollars back into its Painted Post facility. The President of Siemens Energy North America said this $64M

Siemens Energy (XTRA:ENR) is back in focus after CEO Christian Bruch opened the door to a potential Siemens Gamesa spin off, while pairing that with a €1.36b loss reminder and $1b U.S. manufacturing expansion plans.