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Schneider Electric has announced plans to invest $700 million in U.S. energy infrastructure by 2027, driven by surging power demands from the AI boom. This historic investment—the largest in the company’s 135-year history—will support “smart factory transformations” at eight facilities across North Carolina, Texas, Massachusetts, Tennessee, Ohio, and Missouri, and is expected to create approximately 1,000 new jobs.

Aamir Paul, Schneider’s President of North America Operations, highlighted that this investment positions the company to meet growing digitalization and efficiency goals amid unprecedented AI-driven energy consumption. The company’s commitment to reshoring and localizing its operations is part of a broader trend as more multinational firms move operations back to the U.S., according to Schneider’s Digital Grid CEO Ruben Llanes.

The move comes as AI-fueled data center growth continues to strain available power infrastructure. As data center power demands increase—forecasted to account for 12% of U.S. electricity consumption by 2028, up from 4% today—Schneider’s investment underscores the urgent need to modernize and expand grid capabilities to support future technological growth.