PARIS
French energy management firm Schneider Electric announced plans to invest more than $700 million in the US energy and artificial intelligence infrastructures, according to a statement Tuesday.
The investment will focus on bolstering the nation’s energy infrastructure to power AI growth, boost domestic manufacturing and strengthen energy security through 2027.
“The announcement comes as rising regional demand grows across data centers, utilities, manufacturing, and energy infrastructure segments,” it said.
The investment is expected to create more than 1,000 jobs in the US, “Newly created roles will include next-generation manufacturing professionals, engineers, developers, and technical analysts,” it noted.
The decision came in line with growing regional demand in data centers, public services, manufacturing and energy infrastructure sectors, according to the statement.
New facilities will be opened and existing ones will be renovated or expanded in the states of Tennessee, Massachusetts, Missouri, Ohio, Texas and North Carolina.
The company’s total investment in the US will exceed $1 billion in 10 years, with an investment of $440 million announced since 2020 to strengthen the supply chain in the country.
“We stand at an inflection point for the technology and industrial sectors in the US, driven by incredible AI growth and unprecedented energy demand,” said Aamir Paul, president of North America operations for Schneider Electric.
“To lead the transformation ahead, we must be agile and act now to advance ambitious digitalization and efficiency goals to make an impact for generations to come,” he added.
