Siemens Energy to Invest $1 Billion in US to Tap Into Power Boom [View all]
Source: Bloomberg via Yahoo
Siemens Energy AG will invest $1 billion (847 million euros) in manufacturing capacity in the US over the next two years as power demand surges.
Most of the funds will be spent on expanding existing sites in North Carolina, Florida, Texas, Alabama and New York, as well as a new plant in Mississippi, the German energy infrastructure maker said Tuesday. The investments will focus on gas turbines and grid technology manufacturing, including transformer production and servicing, creating around 1,500 jobs, it said.
"The US is the hottest electricity market at the moment in the world," Chief Executive Officer Christian Bruch said in an interview. "The Trump Administration's push for data centers and speeding that up" is helping to drive demand, he said.
-snip-
Electricity demand from data centers in the US will double by 2035 to account for almost 9% of total consumption, according to BloombergNEF, with some observers likening the impact on grids to the advent of air conditioning in the 1960s.
Read more: https://finance.yahoo.com/news/siemens-energy-invest-1-billion-110000881.html
Published 5:00 A.M. CST February 3, 2026
Emphasizing:
...
"The Trump Administration's push for data centers and speeding that up" is helping to drive demand, he said.,
he gurgled ecstatically is more like it.
Not a word about the environmental costs of burning more natural gas -- CO2 and methane emissions for starters, because there's no upside to upsetting the Krasnov gang.
Actually, I thought Bloomberg was at least a little better than this, but that was then and this is now.
And some people wonder how the stock market can keep going up and up even after a full fool year of this admin
Because there is a LOT of money to be made monetarizing away the environment, and in writing crap stories like this ballyhooing it
= new reply since forum marked as read