Siemens Energy plans to invest about €220 million ($256.2 million). This funding will help the company to expand its Nuremberg, Germany factory. This deal is seen as a big play for the firm to expand the company’s manufacturing capabilities. Beyond creating jobs, it will help meet the growing demand for new energy infrastructure solutions. The green expansion will add nearly 60,000 square feet to the facility’s footprint. These once-in-a-generation investments will double our manufacturing capacity!
Since its founding in 1912, the Nuremberg plant has been at the forefront of transformer production. These transformers are absolutely critical for the largest energy infrastructure projects in the world. Besides connecting different offshore wind farms, these transformers will help to stabilize increasingly stressed power grids and allow for cross-border energy exchanges.
Expansion Details and Job Creation
The new expansion will boost production capacity at the factory in Nuremberg, Germany, by an additional 50 percent. In addition to that, Siemens Energy intends to invest up to €20 million in the detailed research and development oriented towards this project. This investment is meant to encourage innovation and help develop the new technologies that will create a clean economy.
The Bavarian state government is strongly participating in this movement. Plug Power They will invest up to €20 million in technology funding to support the continued expansion project. As a result, the Nuremberg factory will add 350 new jobs, according to the company. This will double the size of its existing workforce of almost 1,000 employees.
“Nuremberg is becoming a hub for the energy transition: With an investment of €220m, Siemens Energy is creating 350 modern jobs in a place that has been successfully shaping energy history for over a century.” – Markus Söder
Commitment to Sustainable Development
Siemens Energy’s investment follows the chapter’s adoption of a green commitment to principle-centered sustainable development, innovation and leadership in the rapidly evolving energy sector. The company’s core mission is to build a sustainable future by aligning economic development with environmental stewardship. The expansion project will be moving forward, all while continuing to house and feed more than 1,600 residents at the facility.
Siemens Energy has invested around €1 billion in Germany over the past three years. 2024 employment by place of establishment. In 2024, we announced or enumerated nearly 1,300 new jobs. By the end of 2026, we expect 1,500 more jobs to be created.
“We are investing up to €20m in research and development for this project alone. Thus, we are creating a climate for an economically friendly future, secure jobs, and environmentally friendly technologies.” – Markus Söder
Future Prospects
The new production halls at the Nuremberg factory are expected to start running by 2028. This expansion is an indication of Siemens Energy’s strong commitment to strengthening its manufacturing competitiveness. It serves to highlight the firm’s commitment to leading the energy transition in Europe and beyond.
This ambitious initiative positions Siemens Energy as an essential contributor to the USA’s evolving energy ecosystem. It allows the enterprise to proactively solve the increasing need for flexible, reliable, and sustainable energy solutions.