Current:Home > ScamsSiemens Energy to build first US plant for large power transformers in North Carolina-LoTradeCoin
Siemens Energy to build first US plant for large power transformers in North Carolina
View Date:2024-12-23 23:14:22
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! (91257)
Related
- Congress is revisiting UFOs: Here's what's happened since last hearing on extraterrestrials
- Worried about AI hijacking your voice for a deepfake? This tool could help
- Pain, fatigue, fuzzy thinking: How long COVID disrupts the brain
- Steelers' T.J. Watt passes brother J.J. Watt for most sacks in first 100 NFL games
- A list of mass killings in the United States this year
- San Francisco, hoping to resuscitate its 'doom loop' post-pandemic image, hosts APEC (and Biden)
- White House releases plan to grow radio spectrum access, with possible benefits for internet, drones
- The stomach-turning finish to a prep football team's 104-0 victory
- Mean Girls’ Lacey Chabert Details “Full Circle” Reunion With Lindsay Lohan and Amanda Seyfried
- 1 child killed, 4 others injured following shooting at a Texas flea market: Police
Ranking
- Here's Your First Look at The White Lotus Season 3 With Blackpink’s Lisa and More Stars
- 5 US service members die when helicopter crashes in Mediterranean training accident
- Timothée Chalamet and Kylie Jenner Reunite at SNL After-Party After He Hosts Show
- Stock tips from TikTok? The platform brims with financial advice, good and bad
- Gold is suddenly not so glittery after Trump’s White House victory
- NFL playoff picture: Which teams are looking good after Week 10?
- Timothée Chalamet, 'SNL' criticized for Hamas joke amid war: 'Tone-deaf' and 'vile'
- Patriots LB Ja’Whaun Bentley inactive against Colts in Frankfurt
Recommendation
-
Everard Burke Introduce
-
Chrissy Teigen Laughs Off Wardrobe Malfunction at Star-Studded Baby2Baby Gala 2023
-
Police fatally shoot 17-year-old during traffic stop in North Dakota’s Bismarck
-
Fathers away from home fear for family members stuck in Gaza as war rages: I am sick with worry
-
Wall Street makes wagers on the likely winners and losers in a second Trump term
-
Stock tips from TikTok? The platform brims with financial advice, good and bad
-
Which restaurants are open Thanksgiving 2023? See Starbucks, McDonald's, Cracker Barrel hours
-
UK leader fires interior minister and brings ex-leader Cameron back to government in surprise move