Hyosung Heavy Industries plans to invest approximately $157 million to expand production lines at its Memphis, Tennessee ultra-high-voltage transformer plant by 2028, following completion of a second expansion this year. The company is also building a new HVDC transformer plant in Changwon, South Korea, targeting completion in 2027.

ARRAY Technologies and Shoals Technologies Group announced a transformative merger, creating an integrated energy infrastructure platform. Shoals shareholders will own approximately 65% of the combined company, and ARRAY will serve as the legal acquirer.

Curtiss-Wright Corporation was awarded contracts valued in excess of $225 million by Bechtel Plant Machinery, Inc. to provide advanced propulsion valves, pumps and instrumentation and control systems for U.S. Navy Virginia-class submarines, Columbia-class submarines and Ford-class aircraft carriers. Work is performed at facilities in New York and Pennsylvania and will continue through 2030.

Gaon Cable, via its U.S. subsidiary LSCUS, plans to invest approximately $50 million to add two production lines at its Tarboro, North Carolina factory, aiming to double cable production capacity by 2027.

Stryten Energy completed its acquisition of C&D Trojan, creating one of North America's most comprehensive battery manufacturing and energy storage portfolios.

The U.S. Army Corps of Engineers awarded a $61.5 million contract to Dominion Privatization Texas for the Phantom Warrior Microgrid at Fort Hood, Texas. The project includes ~3 MW gas reciprocating generation, 1.5 MW solar parking canopy, and 1 MW BESS, with completion expected in May 2029.

Accu-Mold LLC plans to construct a 53,000-square-foot addition to its Ankeny plant to increase production of precision micro injection molded components. The $33.25 million investment is expected to create 150 jobs, supported by $1.08 million in state tax credits.

Flux Steel Works unveiled plans to renovate and re-equip a former ATI steel plant in Ohio to produce grain-oriented electrical steel (GOES) for power transformers. The announcement was made on September 16, 2026.

OTC Industrial Technologies acquired Global Energy Solutions, LLC, a regional distributor and repairer of industrial electric motors, controls, pumps, gearboxes and switchgear. Jones Day advised on the deal.

Mitsubishi Electric announced it will spend $1.4 billion to acquire PCI Energy Solutions, whose platform manages about 60% of U.S. power generation. The transaction is expected to close by the end of 2026.

Eaton will open a new manufacturing campus in Henrico County, Virginia, making static transfer switches, power distribution units and remote power panels for data centers, with production expected to start in 2027.

VEGA Americas celebrated the grand opening of a 120,000 square-foot expansion to its U.S. headquarters in Mason, Ohio, on 3 October 2025. The project adds 31 full-time jobs and enables domestic production of electronic components.

New York investor Barry R. Haas acquired REET Corporation, an industrial components supplier in Berlin, Connecticut making solenoid valves, pumps and pressure transducers. The deal closed on October 1, 2025, and the company will be renamed Reet Precision Technologies, LLC.

The Pump & Motor Works plans a $2.8 million expansion of its Okmulgee, Oklahoma manufacturing operations, adding storage buildings and manufacturing floor space and creating up to 18 jobs.

Wärtsilä will supply the full electric propulsion system for three battery-electric, zero-emission high-speed passenger ferries built by All American Marine for San Francisco Bay Ferry. Deliveries start in 2026.

Scana-owned PSW Power & Automation AS secured a sizeable contract to design, manufacture and assemble an E-House power distribution module for a subsea installation in an offshore project in the Gulf of Mexico. Delivery is scheduled for Q1 2026.

ArcelorMittal has made a $1.2 billion investment to build an advanced non-grain-oriented electrical steel manufacturing facility in Alabama. The plant will produce up to 150,000 metric tons of NOES annually.

Flex recently announced a new 400,000 square-foot manufacturing facility in Dallas for data center power infrastructure, including switchgear, power pods and power distribution units. No investment value was given.

ABB announced a $40 million investment to double the size of its Senatobia, Mississippi site to produce advanced low voltage circuit breakers. The site is expected to open in Q2 2026 and create 200 new jobs.

ABB announced an $80 million investment to replace its Selmer, Tennessee operations with a new 320,000 square-foot facility producing electrical distribution equipment. The facility is expected to add 50 jobs and open in late 2026.

Leonardo DRS received a $45 million U.S. Navy Submarine Industrial Base investment commitment through contracts with HII Newport News Shipbuilding. It will fund capabilities and a 40,000 sq ft expansion of its under-construction naval propulsion facility in Goose Creek, South Carolina, expected to open in 2026.

Eaton announced it would invest $340 million to add a third US facility for manufacturing three-phase transformers in Jonesville, South Carolina. The site will support 700 new jobs and begin hiring and production in 2027.

ABB signed an agreement to buy Aurora Motors, a provider of vertical pump motors sold in 30 countries, to strengthen its NEMA Motors Division. Financial terms were not disclosed and closing is expected before the end of 2024.

Rexa Inc, a maker of electronic components and industrial valves, plans a $33 million project including a 110,000 sq ft building on West Grove Street in Middleboro, relocating from West Bridgewater and creating 25 new jobs. The plan was presented to the select board on 1 July 2024.

HiSonic secured a 10-year long-term supply contract for secondary battery can-cap assembly materials for a global battery company's factory in the United States, reported on 17 May 2024. The contract is reported to be worth 30 to 40 billion KRW, and mass production is planned from July 2024.

Curtiss-Wright was awarded contracts valued above $130 million by Bechtel Plant Machinery to supply propulsion valves, pumps and instrumentation and control systems for Virginia-class, Columbia-class and Ford-class Navy programs, with work running through 2029.

Maschinenfabrik Reinhausen has invested $3 million in a new production building at its Humboldt, Tennessee plant for bolt-on tap-changers, expected to operate from end of July 2024.

Rapid Pump, a portfolio company of Hidden Harbor Capital Partners, acquired AC Furia Electric Motor, a White Plains, New York repair and distribution business for motors and pumps. The deal expands Rapid Pump's footprint in the northeast.

Siemens Energy will build its first U.S. transformer production facility in Charlotte, North Carolina, with a $149 million investment expected to create 559 local jobs. Manufacturing is set to begin in early 2026.

Havis, a provider of rugged environment solutions, has acquired Vanner, a power management solutions company based in Warminster, Pennsylvania. The deal aims to expand Vanner's sales reach and accelerate vehicle electrification products.

H&T Recharge will supply lithium-ion battery cans to Panasonic Energy's Kansas facility, with an anticipated annual capacity of about 30 GWh, extending an existing supply relationship with the Nevada plant. The Kansas facility is scheduled to begin operations by March 2025.

Honeywell announced an $84 million expansion of its Olathe, Kansas manufacturing facility, creating 156 permanent jobs plus 268 temporary construction jobs.

Prysmian and DEME Group won a Balance of Plant contract from Dominion Energy Virginia for the 2.6 GW Coastal Virginia Offshore Wind project. Prysmian's share is about €630 million for about 880 km of cables, with completion expected by 2026.

AMETEK Dynamic Fluid Solutions and the former Bison Gear and Engineering Corp. have merged to form Bison, a business of AMETEK, Inc., making fluid-moving and motor drive products such as motors, blowers, pumps and gear motors. Manufacturing is in the US and Mexico with China facilities.

Dai Nippon Printing (DNP) will invest $233 million to build its first US advanced manufacturing facility in Linwood, Davidson County, North Carolina, to make lithium-ion battery pouches for EVs and create 352 jobs.

Reinhausen Manufacturing Inc., a subsidiary of Maschinenfabrik Reinhausen, will spend $3.3 million to expand its Humboldt, Tennessee facilities, raising production capacity by 25 percent. Groundbreaking is due by end of 2023, with completion anticipated in early 2024.

Hyundai Motor Group and LG Energy Solution are investing another $2 billion in their battery cell joint venture at the Metaplant in Bryan County, Georgia, raising total JV investment above $4.3 billion and creating 400 jobs.

Eaton is investing $22 million in equipment at its Waukesha, Wisconsin facility to increase manufacturing capacity for three-phase transformers for utility, data center and commercial applications.

Machinery Services Co. and Rapid Pump & Meter Service Co., a Hidden Harbor Capital Partners portfolio company, acquired Delta-Electro Power, which provides maintenance and electrical services for motors and pumps. The deal expands Rapid Pump into Rhode Island and Massachusetts.

AMETEK Dynamic Fluid Solutions and Bison Gear and Engineering Corp. combined on September 7, 2023 into a single business named Bison, a business of AMETEK, Inc., offering fluid-moving, motor and gear drive products.

Siemens Industry is seeking city incentives for a new advanced manufacturing plant at 7200 Harris Legacy Drive in Fort Worth, Texas, to make low-voltage switchboards and switchgear, with $133 million in building and equipment investment and up to 715 jobs by end of 2026. The Fort Worth City Council will decide on incentives Sept. 12.

Eaton broke ground on a $100 million expansion of its Nacogdoches, Texas manufacturing facility adding 200,000 square feet and over 200 jobs, doubling capacity for voltage regulators and three-phase transformers. The project was first announced in August 2023.

Prysmian Group broke ground on a $63.8 million expansion of its Du Quoin, Illinois plant to increase renewable energy cable manufacturing. The project adds over 100,000 square feet and is expected to create 80 new jobs while retaining 225.

Mersen officially opened its new manufacturing facility at 795 Santa Fe Pike in Columbia, Tennessee, its 10th US location, after investing USD 70 million. The plant will produce extruded graphite, insulation felt and isostatic graphite.

A Prysmian and DEME Group consortium was awarded the balance of plant contract by Dominion Energy Virginia for the Coastal Virginia Offshore Wind project, worth about $1.8 billion in total, of which about $730 million relates to Prysmian. Completion is expected by 2026.

BorgWarner plans to invest $42 million to expand its Seneca, South Carolina facility, adding 3GWh of annual battery module capacity and about 122 jobs over three years. Expansion begins in Q2 2023 with completion expected in the first half of 2024.

Fort Wayne-based industrial supplier 3BG has completed its acquisition of Controls and Electric Motor Co. (CEMCO), a provider of motors, drives and pumps in southwest Missouri. Financial terms were not disclosed and the Missouri facility will stay open with plans to expand.

ABB is constructing a $100 million, 275,000-square-foot plant and offices in New Berlin, Wisconsin, adding 100 jobs, with opening scheduled for fall 2024 as part of about $170 million US investment.

Middle-market private equity firm Wynnchurch Capital acquired a majority stake in Industrial Service Solutions, a US industrial MRO services company, from Edgewater Funds and JZ Capital Partners. The deal was reported on 20 December 2022.

Ziehl-Abegg is investing 100 million euros in a new 46,500 m2 US production plant in Winston-Salem, North Carolina, expected ready for occupancy in 2024, with the existing Greensboro site relocated there in 2025.