GE Vernova will invest $34.5 million to expand transformer manufacturing operations at its existing Shreveport, Louisiana, facility to meet rising demand for electrical grid equipment, the company announced Tuesday.
The investment is expected to increase the workforce at the factory by nearly 30%, with production reaching full capacity by 2028, it said.
“Electricity demand is growing, and transformers are part of the critical grid equipment essential to delivering the power our customers and modern economies depend on,” Philippe Piron, CEO of GE Vernova’s electrification segment, said in a press release.
“This investment builds on more than five decades of manufacturing expertise in Shreveport and strengthens our ability to support customers as they expand and modernize electrical infrastructure,” he said.
The state of Louisiana offered the company what it called a “competitive” incentive package that includes a $300,000 “performance-based grant for site and infrastructure improvements,” the release said. The company also said it expects to participate in the state’s Quality Jobs and Industrial Tax Exemption programs.
