GE Vernova plans $34.5M Shreveport expansion, 175 jobs

GE Vernova plans to invest $34.5 million to expand its transformer manufacturing plant in Shreveport, Louisiana, adding 175 jobs and retaining 637 existing positions. The upgrades will increase production of industrial and renewable-energy transformers, including equipment for digital factories and battery storage, amid rising electricity demand and supply-chain needs. Louisiana estimates the project could support 185 additional indirect jobs and is offering a $300,000 performance-based grant; the company is also expected to participate in state tax-incentive programs. Installation is expected to continue through 2027, with the plant reaching full production capacity in 2028. One report noted that the total value of potential incentives, job wages and grant performance requirements had not been disclosed.