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Home > Finance > Siemens Energy to invest $2.3 billion in power grid factories by 2028

Finance

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

Published by Global Banking and Finance Review

Posted on November 20, 2025

Featured image for article about Finance

FRANKFURT (Reuters) -Siemens Energy plans to invest 2 billion euros ($2.3 billion) in its global network of transformer and switchgear factories by 2028, the company said in slides ahead of a capital markets day.

($1 = 0.8681 euros)

(Reporting by Christoph Steitz, Editing by Miranda Murray)

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