GE Vernova to invest $34.5M in Louisiana transformer manufacturing expansion

GE Vernova will invest $34.5 million to expand transformer manufacturing at its existing Shreveport, Louisiana, plant, the company announced Tuesday. The investment is expected to raise the factory workforce by nearly 30%, with production reaching full capacity by 2028. Louisiana offered a $300,000 performance-based grant for site and infrastructure improvements, and the company expects to take part in the state's Quality Jobs and Industrial Tax Exemption programs.