Global technology company Siemens Energy is expanding its footprint in Mississippi with a $300 million investment.
The Mississippi Development Authority announced that Siemens Energy is building upon operations in the Magnolia State as part of a $1 billion investment into its U.S. manufacturing operations. The Mississippi investment will be in Rankin County, where the company plans to construct a new manufacturing facility at the West Rankin Industrial Park in Pearl to produce electrical grid components, creating up to 300 new advanced manufacturing jobs in the process.
“Siemens Energy’s decision to expand in Rankin County reflects the confidence global energy leaders have in the state. Companies continue to choose Mississippi because projects get done — from site readiness and infrastructure to timelines they can rely on,” Gov. Tate Reeves said.
“This $300 million investment will bring almost 300 new jobs to Rankin County, expand the local industrial base, and keep Mississippi competitive in a rapidly evolving global energy market. I appreciate Siemens Energy’s continued investment and its role in building momentum into 2026.”
The state is assisting this project through the Mississippi Flexible Tax Incentive program, along with aid for infrastructure improvements. The city of Pearl, Rankin County, Rankin First Economic Development Authority, Entergy, and AccelerateMS — in partnership with Hinds Community College — are also assisting with the project.
“The equipment that Siemens Energy makes in Mississippi is in high demand throughout the United States as we build out the electrical grid to deliver more power to homes and businesses that need it,” Matt Neal, President of North America, Siemens Energy, said. “Siemens Energy is going to manufacture more high-voltage switchgear here, and our continued success in this state will require hiring and training more workers.”
Siemens Energy’s history in the United States dates back to the 1880s, when the company began early electrification activities and opened its first U.S. manufacturing site in Pittsburgh in 1887. Siemens Energy was spun off to become a separately listed energy technology company from Siemens AG in 2020 and now operates as a fully independent subsidiary.
In Mississippi, the company has been well established, as its Richland location has been up and running since 1973. As for the upcoming project, no timeline was provided for when operations at the Pearl site are expected to begin.