Siemens Energy announced Tuesday that it will invest $1 billion in its operations across the United States, including a major expansion at its facility in Fort Payne, Alabama. The investment is aimed at increasing manufacturing capacity to meet growing demand for power generation and electrical grid equipment.

According to the company, the Fort Payne plant will expand production of copper and insulation electrical components used in generators, a move expected to create 120 new jobs in the area. Company officials say the expansion will strengthen Siemens Energy’s U.S. manufacturing footprint while supporting modernization and reliability efforts within the nation’s energy infrastructure.

The broader investment will support facility upgrades, workforce growth, and production expansion in multiple states, positioning Siemens Energy to better serve both traditional energy markets and emerging grid technologies.

Information for this article comes from Siemens.