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

Siemens Energy AG

20/11/2025 11:45

FRANKFURT, Nov 20 (Reuters) - Siemens Energy ENR1n.DE 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)

 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))