Schneider Electric to invest over $700 million to boost U.S. AI growth

Investing.com
03-26

Investing.com -- Schneider Electric, a global leader in energy management and automation, unveiled plans on Tuesday to invest more than $700 million in its U.S. operations by 2027. This commitment represents the company's largest single capital expenditure in the U.S. in over 135 years and aims to support the nation's focus on enhancing energy infrastructure to accommodate AI growth, domestic manufacturing, and energy security. The investment is set to create over 1,000 new jobs and will contribute to Schneider Electric's (EPA:SCHN) role in shaping an energy-efficient future in the U.S.

The planned investment will exceed $1 billion so far this decade, including previous investments made in 2023 and 2024 to strengthen Schneider Electric's North American supply chain. The expansion will address robust customer demand for solutions that enhance energy efficiency, scale industrial automation, and ensure a more reliable grid. It will also involve manufacturing expansions and job growth in various segments, including data centers, utilities, manufacturing, and energy infrastructure.

Aamir Paul, President of North America Operations for Schneider Electric, emphasized the critical juncture for the U.S. technology and industrial sectors, driven by AI growth and energy demand. "To lead the transformation ahead, we must be agile and act now to advance ambitious digitalization and efficiency goals to make an impact for generations to come," Paul stated. He highlighted the investment as a milestone in the company's responsible investment strategy, reflecting its commitment to U.S. manufacturing and technological innovation.

The National Association of Manufacturers (NAM) and the National Electrical Manufacturers Association (NEMA) lauded Schneider Electric's significant investment. NAM President and CEO Jay Timmons noted the investment as a driver of economic growth and job creation, while NEMA President and CEO Debra Phillips recognized the investment's role in meeting rising energy demand and powering an electric future.

Schneider Electric's investment will fund facility upgrades, expansions, and new openings across the U.S., including in Mt. Juliet, Tennessee; Andover, Massachusetts; Columbia, Missouri; Fairfield, Ohio; El Paso and Houston, Texas; Raleigh and Welcome, North Carolina. These developments will help Schneider Electric maintain its leadership in smart factory transformations, energy efficiency solutions, and supply chain capabilities.

Concurrently, Schneider Electric introduced its One Digital Grid Platform and announced its membership in EPRI's DCFlex initiative. These efforts are part of the company's commitment to grid modernization and exploring how data centers can support the electric grid. The announcements were made at the DISTRIBUTECH 2025 conference in Dallas. Schneider Electric, with North America as its largest region, employs over 21,000 U.S. workers, operates over 20 smart factories and distribution centers, and collaborates with 40% of Fortune 500 companies.

Related Articles

Schneider Electric to invest over $700 million to boost U.S. AI growth

Norway stocks higher at close of trade; Oslo OBX up 0.17%

Israel stocks higher at close of trade; TA 35 up 0.15%

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10