(The Center Square) – Manufacturing, servicing, engineering, and research and development will be increased in three North Carolina locations in a nationwide $1 billion investment by Siemens Energy.
One-third of the 1,500 jobs being added and an estimated $421 million of the investment will be in Charlotte, Winston-Salem and Raleigh. Siemens said it is “scaling up” its American production for grid and gas turbine equipment to strengthen the market in the United States.
In Tuesday’s announcement, Siemens CEO and President Christian Bruch said, “Siemens Energy has been making things in the United States for more than a century, and we are experiencing a once-in-a-generation growth opportunity due to the resurgence of U.S. manufacturing and the growth of artificial intelligence. The current policy environment has contributed to this momentum.
“The Trump administration has made energy security, a reliable and resilient grid, and growing U.S. manufacturing jobs a priority. This has supercharged the energy demand which is supporting new investments across the energy sector. We are excited to help write this next chapter of American energy expansion.”
In Charlotte, Siemens will increase manufacturing and servicing capabilities for large power transformers and resume gas turbine manufacturing. In Winston, the company says it will produce gas turbine parts.
And in Raleigh, Siemens plans to expand grid technology project execution, engineering, and sales with its research and development.
“North Carolina leads the nation in workforce development – a key reason Siemens Energy is expanding its manufacturing footprint here,” said U.S. Sen. Ted Budd, R-N.C.
North Carolina’s economic development climate is arguably among the best in the nation. The state reputation is for strong job growth, infrastructure investment and business-friendly policies.
For 2026, the individual income tax drops to 3.99% from 4.25%, and the corporate rate drops to 2.25% from 2.5%. In 2010, when Republicans took majorities in both chambers of the General Assembly for the first time in 140 years since Reconstruction, North Carolinians were on an individual income tax system with rates of 6%, 7% and 7.75%, with potential for a surtax on higher earners, and businesses had a corporate income tax rate of 6.9%.
In turn, North Carolina’s population has grown by 756,000 people over the last five years, a 7.2% increase, according to newly released U.S. Census Bureau numbers.
The state grew from 10.4 million on April 1, 2020, to an estimated 11,197,968 on July 1,2025, according to the new estimates. That’s a pace to reach more than 11.9 million at the 2030 census.
In the January/February issue of Business Facilities magazine, North Carolina is the State of the Year. Earlier in the month, Site Selection magazine placed the state nationally No. 1 in workforce development, No. 3 in best states for manufacturing projects, No. 6 in best business climate, and placed the Charlotte-Concord-Gastonia metro No. 21 for best tech hub.
This after, in 2025, North Carolina was No. 1 for the third time in four years in CNBC’s America’s Top State for Business rankings. And, Area Development magazine honored with its Platinum Shovel Award to the state.
Interior Department Secretary Doug Burgum said, “This tremendous investment in a critical part of our power grid supply chain underscores President Trump’s success in expanding supply chain access and bringing major manufacturing back to America. We appreciate great partners like Siemens Energy, who proactively partner with the Trump administration for the benefit of the American people, prioritizing critical components to make the United States Energy dominant!”
Other locations impacted are in the greater Richland area of Mississippi; Orlando and Tampa in Florida; Fort Payne in Alabama; Painted Post in New York; and Houston.
Siemens Energy bills itself as one of the world’s leading energy technology companies. More than 103,000 people around the world in 90 countries work for the company. In the United States, it operates 25 facilities employing more than 12,000.
