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Energy giant bets big on US, says its electricity market 'hottest' in the world
Fox Business· 2026-02-03 20:12
Siemens Energy said Tuesday it will invest $1 billion to expand power grid and gas turbine manufacturing in the United States as rising electricity demand from data centers and artificial intelligence strains the nation’s energy infrastructure. "The U.S. is the hottest electricity market at the moment in the world," CEO Christian Bruch said in an interview, Bloomberg News reported. "The Trump Administration’s push for data centers and speeding that up" is helping to drive demand. The investment is expected ...