GE Vernova plans a $34.5 million expansion of its Shreveport transformer plant, with 175 direct jobs expected and 637 existing positions retained, Louisiana Economic Development announced November 10.
New equipment and production upgrades will support transformers used in industrial operations, renewable energy and battery storage. Engineering and equipment purchases are underway. Installation is expected to continue through 2027, with full production capacity in 2028.
The state offered a $300,000 grant tied to performance for site and infrastructure improvements. The company is also expected to use Louisiana’s Quality Jobs and Industrial Tax Exemption programs.
LED projects another 185 indirect jobs associated with the investment. The indirect estimate is separate from the company’s hiring plans.
Transformer production at the Shreveport facility began in 1970.