Siemens Energy Inc., a subsidiary of Germany-based Siemens AG, will invest $50 million to expand its operations in Charlotte, North Carolina, according to the North Carolina governor's office. The company plans to add 226 jobs over the next five years at an average annual wage starting at $49,082 and increasing to $66,462 in 2013; salaries do not include employee benefits. "The U.S. is Siemens' largest market, and that's why we've long been committed to expanding our presence and investment here," says Randy Zwirn, Siemens Energy's president and CEO. "We already supply the power systems that provide one-third of the nation's electricity, and through this expansion in Charlotte, we will be able to continue bringing efficient and competitive power-generation options to our U.S. and Americas-based customers." The company develops and builds power plants, power-generating components, wind turbines, and other industrial equipment used in energy generation. State and local government agencies have offered Siemens Energy an incentives package valued at up to $5 million contingent on job creation and retention.