Swiss technology company ABB plans to invest around $200 million to expand its medium-voltage manufacturing capabilities across Europe in the next three years, it announced on Monday.
The aim is to meet rising demand from utilities, industry and data centres modernizing their power infrastructure.
As part of the plan, ABB will build a new $100 million facility in the northern Italian town of Dalmine.
ABB will also invest another $100 million to expand manufacturing capacity at facilities in Bulgaria, Finland, Germany, Norway, and Poland.
The company said the projects will scale production of technologies aimed at supporting more reliable and resilient power distribution.
The programme builds on ABB's earlier investments of about $15 million in Hungary and around $35 million in the United Kingdom.
According to the International Energy Agency, electricity's share of final energy consumption is expected to rise from about 20% today to nearly 30% by 2030.
"This $200 million investment will strengthen ABB's medium-voltage manufacturing and technology capabilities in Europe and support customers as electricity demand increases and the grid evolves," said Morten Wierod, ABB's chief executive officer.