# Siemens Energy to invest $2.3 billion in power grid factories by 2028

Siemens Energy plans to invest 2 billion euros ($2.3 billion) in its global network of transformer and switchgear factories by 2028.

- Type: Investment
- Announced: 2025-11-20
- Value: $2.30B (2.00B EUR)
- Status: announced
- Products: transformers, switchgear
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Siemens Energy](https://endata.com/companies/6803.md)

## Sources

- [reuters.com](https://www.reuters.com/sustainability/climate-energy/siemens-energy-invest-23-billion-power-grid-factories-by-2028-2025-11-20/), 2025-11-20: "Siemens Energy plans to invest 2 billion euros ($2.3 billion) in its global network of transformer and switchgear factories by 2028."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.