Schneider Electric plans $700M investment in US energy infrastructure through 2027

Schneider Electric has announced a substantial investment of over $700 million in its U.S. operations through 2027, marking one of its largest capital expenditures in its 135-year history. This initiative aims to enhance the country's energy infrastructure to support increased demand driven by artificial intelligence and advanced manufacturing. The company plans to create more than 1,000 new jobs across various states, including Texas, Massachusetts, and North Carolina, focusing on roles in engineering and advanced manufacturing. Key projects include the expansion of a campus in El Paso, the establishment of a robotics center in Raleigh, and a new innovation lab in Massachusetts. This investment builds on an earlier $440 million commitment made since 2020, bringing Schneider Electric's total U.S. investment over the decade to greater than $1 billion. Aamir Paul, president of North America Operations, emphasized the urgency for the company to adapt and advance in response to the unprecedented energy demand and technological growth.