Siemens Energy has announced plans to invest 2 billion euros ($2.3 billion) across its global network of transformer and switchgear manufacturing facilities by 2028. The announcement, revealed in company slides ahead of a capital markets day, reflects Siemens Energy’s commitment to expanding production capacity and modernizing its key industrial operations.

The investment is expected to enhance the company’s ability to meet growing demand for energy infrastructure and power distribution equipment worldwide. Transformer and switchgear technologies are central to electricity transmission and distribution, supporting grid stability and the integration of renewable energy sources.

While further details on the allocation of the funds have not been disclosed, the investment signals Siemens Energy’s focus on strengthening its global manufacturing footprint and maintaining a competitive edge in the power equipment market.