July 2 (Reuters) - Siemens Energy plans to

recruit more than 10,000 new employees for its electricity grid

business, set to be the energy engineering group's largest

revenue driver by 2030, the Financial Times reported on Tuesday.

The group's Grid Technologies has earmarked 1.2 billion

euros ($1.29 billion) in capital expenditure for new factories

and increased manufacturing capacity in the US, Europe and Asia,

the unit's boss, Tim Holt, told FT.

Siemens Energy did not immediately respond to a Reuters

request for comment.

"We see this huge boom coming," Holt told FT in an

interview, citing surging demand for electricity, rise in

renewable projects under construction requiring better grid

connections, and widespread ageing infrastructure only just

handling existing power loads.

($1 = 0.9319 euros)