TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its U.S. subsidiary Mitsubishi Electric Power Products, Inc., headquartered in Pittsburgh, Pennsylvania, will invest approx. USD 86 million (approx. 12 billion yen) in advanced switchgear production and power electronics in the U.S. This investment is driven by the increasing demand for transmission and distribution grid products as the U.S. moves toward its renewable energy and decarbonization goals. Com...
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