Swiss-based global energy technology firm ABB Inc. is upping its greatly expanded investment in U.S. manufacturing by another $110 million this year to strengthen research and development around advanced electrification for the commercial and industrial sectors.
The latest manufacturing investment follows ABB’s $170 million commitment to its U.S. facilities two years ago. Those include projects around motor drives in Wisconsin and manufacturing, robotics, and other services in New Mexico, Georgia, Tennessee, Michigan, Pennsylvania, and South Carolina.
This month’s investment expansion could create nearly 200 new jobs in products serving growth industries such as data centers and the power grid. The International Energy Agency and other forecasters, such as Goldman Sachs, are predicting significant demand growth driven by artificial intelligence and cloud-based computing, as well as industrial and transportation electrification.
The $110 million new investment will help create a new production line in Mississippi for ABB’s Emax3 circuit breakers. The capital will also be spent to double the footprint of ABB’s power quality and protection equipment manufacturing in Richmond, Virginia, which is opening later this year.
