Siemens Energy, Inc. (48C Self-Disclosed)

Siemens Energy will address the transformer shortage by building its first Large Power Transformer (LPT) manufacturing facility in the United States. 80% of LPTs, which are the backbone of America's power grid, currently are made outside of the U.S. and this $150M investment will address the critical need for more LPT domestic manufacturing, strengthen the U.S. supply chain, enable a more resilient grid, and accelerate the energy transition.

The U.S. Department of Energy (DOE) released applicant self-disclosed information for 22 projects across 17 states that voluntarily shared with DOE that they received a total of nearly $1 billion in allocations from the Qualifying Advanced Energy Project Credit (48C). Nine of the self-disclosed projects indicated they are located in 48C energy communities – communities with closed coal mines or coal plants—showcasing the Biden Administration’s commitment to investing in America’s energy communities.