Industrial technology company Schneider Electric says it plans to invest more than $700 million across its U.S. operations over the next nearly three years.
The spending, officials said, represents its largest capital expenditure to date and would bring its total U.S. investment this decade to more than $1 billion.
Eight Projects Across Six States
The company outlined eight projects across six states, including a robotics and motion center and a plant expansion in North Carolina, an expansion in West Texas, a new building at a Tennessee site, added space at a Missouri circuit breakers plant, technology upgrades at an Ohio factory, a new power systems testing facility in Massachusetts, and a new energy innovation center in Houston.
The projects are expected to create more than 1,000 new jobs in total, officials said.
Meeting the Needs of Utilities, Industry, AI
Schneider attributed the increase in capital spending to the need to modernize U.S. energy infrastructure amid rising demand from utilities, manufacturers, and, in particular, artificial intelligence technologies and data centers.
The company, headquartered in France, noted that North America is its largest regional market and that its U.S. workforce alone numbers more than 21,000.
Image credit: Schneider Electric
