# Siemens Energy to invest $150 million in transformer factory in Charlotte, North Carolina

Siemens Energy announced a $150 million investment to build a new power transformer factory in Charlotte, North Carolina, creating nearly 600 jobs. Construction starts in 2024 with production beginning in early 2026.

- Type: New facility
- Announced: 2024-04-24
- Where: Charlotte, North Carolina, United States
- Value: $150.0M
- Jobs: 600
- Starts operating: 2026
- Status: announced
- Products: power transformers
- 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

- [energynews.oedigital.com](https://energynews.oedigital.com/fossil-fuels/2024/04/24/siemens-energy-to-invest-150-million-in-united-states-transformer-factory), 2024-04-25: "Siemens Energy said on Wednesday it will invest $150 million in a brand-new U.S. power transformer factory."

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