Speaker 4, Speaker, said the Memphis facility plans to double annual production of large power transformers from about 130 to 250 units by 2027 and expects to become the largest domestic producer of such transformers.

The expansion “will be the largest domestic producer of large power transformers by 2027,” Speaker 2, Speaker, said, adding that the plant will be among a small number of facilities globally able to produce 765,000-volt units. “We’re gonna support that expansion that’s gonna be happening from Texas to the Midwest, Ohio Valley and the Mid Atlantic,” Speaker 2 said.

Why it matters: Speakers linked the announcement to growing electricity demand driven by data centers, artificial intelligence, Bitcoin mining, new generation sources and transmission upgrades. “This is a big deal for Memphis. It’s a big deal for Tennessee, but it’s really a big deal for the United States,” Speaker 1, Speaker, said. “The products we make here and the solutions we offer make that possible,” Speaker 2 added.

Details and scope: According to the remarks, the plant’s output target is roughly 130 units now, rising to about 250 units per year by 2027. The statements identified 765,000-volt transformers (765 kV) as among the product lines the facility will produce, and speakers said those units are intended to support transmission needs across regions from Texas through the Midwest, the Ohio Valley and the Mid-Atlantic.

Speakers framed the expansion as both a business and local-economic development outcome. “Today, we’re here to celebrate what we call real growth. It’s doubling its output from 130 to 250 transformers per year by 2027,” Speaker 4 said. Speaker 4 also tied the expansion to local jobs and the city’s competitiveness: “This is more than just business growth. It’s building a stronger local economy and showing the world that Memphis is a city where infrastructure and innovation meet.”

What was not stated: The remarks did not specify the company name, the number of jobs to be created, capital costs, funding sources, tax incentives or an exact timeline of construction milestones beyond the 2027 production target. No formal motions, votes or government actions were recorded in the transcript excerpts.

Next steps and context: Speakers emphasized the link between transformer manufacturing and broader changes in electricity demand and transmission. The announcement positioned the plant as supporting new generation and renewables, data center and AI growth, and larger transmission projects. The transcript provides short remarks from multiple speakers; further public documents or formal notices would be needed to confirm company identity, financial terms, job counts and permitting or incentive details.