GE Vernova Invests $34.5M in Transformer Expansion
GE Vernova will invest $34.5 million to expand its transformer manufacturing facility in Shreveport, Louisiana, increasing production capacity amid rising electricity demand.
The expansion is expected to create 175 direct jobs, adding to the facility's more than 630 existing positions. Louisiana Economic Development estimates the project will support an additional 185 indirect jobs, bringing the potential employment impact to 360 jobs.
“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,” said Philippe Piron, CEO of GE Vernova's Electrification segment.
Planned improvements include new manufacturing equipment, process enhancements and supporting infrastructure. The upgrades are expected to increase production of industrial and renewable energy transformers, with full production capacity anticipated in 2028.
As demand for transformers continues to grow, manufacturers face increasing pressure to expand production and address supply constraints, including those associated with transformer procurement and high-demand conditions and AI-driven demand for transformers.
The investment is part of GE Vernova's plan to invest nearly $1.3 billion across its U.S. manufacturing facilities and research centers between 2025 and 2028.
Sources: GE Vernova announcement | Louisiana Economic Development
