Current:Home > InvestSiemens Energy to build first US plant for large power transformers in North Carolina-Angel Dreamer Wealth Society D1 Reviews & Insights
Siemens Energy to build first US plant for large power transformers in North Carolina
View Date:2024-12-23 23:12:56
CHARLOTTE, N.C. (AP) — Siemens Energy Inc. plans to create about 560 new jobs in North Carolina by 2028 while choosing Charlotte for its first U.S. plant to manufacture large power transformers designed to help modernize the electric grid, officials announced Tuesday.
The German company already has more than 1,250 workers in Charlotte and several hundred more in locations such as Raleigh, Selma and Forsyth County, according to Gov. Roy Cooper’s office and a document provided by the state Commerce Department.
The expansion connected to the $150 million investment includes increasing its existing grid technology engineering operations in Wake County, where the Commerce Department said more than 80 new jobs would be created.
“Manufacturing large power transformers in the United States will strengthen and expand our electrical grid to incorporate more renewable energy and meet growing energy demand,” Siemens Energy executive board member Tim Holt was quoted as saying in a Cooper news release.
The average wage for the new jobs in Mecklenburg County, which includes Charlotte, will be $87,036, which is just above the county’s current average wage, the Cooper news release said.
Siemens Energy was choosing between Mecklenburg County and a site in Hutchinson, Kansas to make the investment, according to information provided to a state committee that approves incentive packages. That Economic Investment Committee agreed earlier Tuesday to award Siemens Energy up to nearly $7 million in cash payments over 12 years if it met job-creation and investment targets.
Charlotte and Mecklenburg County officials also provided $5.4 million in combined incentives.
Siemens was also offered incentives in Kansas to build at the Hutchinson site.
veryGood! (8)
Related
- Taylor Swift touches down in Kansas City as Chiefs take on Denver Broncos
- Rihanna Gives Birth, Welcomes Baby No. 2 With A$AP Rocky
- Bazooka made a mint blowing bubbles. Now it's being snapped up for $700 million.
- Shirtless Chris Hemsworth Shows How He's Sweating Off the Birthday Cake
- Utah AD Mark Harlan rips officials following loss to BYU, claims game was 'stolen from us'
- 'Disgusting hate:' California shop owner killed over Pride flag
- Montana asks judge to allow TikTok ban to take effect while legal challenge moves through courts
- Whiten Your Teeth and Remove Stains With a $49 Deal on $235 Worth of Supersmile Products
- 'Climate change is real': New York parks employee killed as historic drought fuels blazes
- 2 Israelis killed at West Bank car wash as Israeli-Palestinian violence surges
Ranking
- Homes of Patrick Mahomes, Travis Kelce burglarized, per reports
- Green Bay police officer accused of striking man with squad car pleads not guilty
- Texas court offers rehabilitation program to help military veterans who broke the law
- Mother recounts desperate effort to save son killed in Maui fires before 15th birthday: Threw myself on the floor
- Hurricane forecasters on alert: November storm could head for Florida
- NPR's podcast and programming chief Anya Grundmann to leave after 30 years
- Woman gets 15 years to life in deaths of boyfriend, friend after 100 mph car crash into brick wall
- From MLK to today, the March on Washington highlights the evolution of activism by Black churches
Recommendation
-
Cold case arrest: Florida man being held in decades-old Massachusetts double murder
-
Stock market today: Asian stocks mixed as traders await Fed conference for interest rate update
-
Shirtless Chris Hemsworth Shows How He's Sweating Off the Birthday Cake
-
Kate Spade 24-Hour Flash Deal: Get This $300 Crossbody Bag for Just $89
-
Joey Graziadei Details Why Kelsey Anderson Took a Break From Social Media
-
John Cena returning to WWE in September, will be at Superstar Spectacle show in India
-
Only one new car in the U.S. now sells for under $20,000
-
U.S. expands Ukrainian immigration program to 167,000 new potential applicants