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FX Daily Updates
Siemens Energy to invest $2.3 billion in power grid factories by 2028
georgemiller
Publish Date: Thu, 20 Nov 2025, 12:06 PM

FRANKFURT, Nov 20 (Reuters) - Siemens Energy (ENR1n.DE) , opens new tab plans to invest 2 billion euros ($2.3 billion) in its global network of transformer and switchgear factories by 2028, the company said in slides ahead of a capital markets day.
($1 = 0.8681 euros)
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https://www.reuters.com/sustainability/climate-energy/siemens-energy-invest-23-billion-power-grid-factories-by-2028-2025-11-20/