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.