RICHMOND, Va. — Virginia Governor Glenn Youngkin and Hitachi Energy have announced a $457 million investment to build a new power transformer facility in Virginia, a move hailed as a major step in strengthening America’s electric grid.

The project is part of Hitachi’s broader $1 billion U.S. investment plan to expand critical grid infrastructure. Officials credited the Trump Administration’s AI Action Plan as a driving force behind the initiative, citing policies designed to modernize energy systems and encourage private-sector investment.

Governor Youngkin praised the project as a win for Virginia’s economy and workforce, while highlighting its role in securing America’s energy future. The facility is expected to create jobs, support innovation, and increase domestic capacity for high-demand electrical components.

Supporters say the investment underscores the “Trump Effect” — policies aimed at boosting U.S. manufacturing competitiveness and reducing reliance on foreign suppliers.