Siemens Energy AG
About
Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain–from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50% of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs more than 90,000 people worldwide in more than 90 countries and generated revenue of around €27.5 billion in fiscal year 2020.
Editor's note: Updated Nov. 30, 2021.
Headquarters Address
Berlin
Germany
Website
www.siemens-energy.comNews
Energy Transition in Motion (Week of Nov.15, 2024)
Here is a look at some of this week’s renewable energy news, including an agreement for the supply of oxide fuel cells to meet energy data center needs.
8 Rivers Going Its Own Way on DAC, Zero Carbon Fuels
8 Rivers CEO Chris Richardson said the company is going its own way in developing direct air capture, converting coal and biomass into zero carbon fuel and producing low carbon blue ammonia.
Energy Transition in Motion (Week of April 21, 2023): Advancing Projects, Investment
Here’s a look at some of this week’s renewable energy news, including including a nearly $7.7 billion contract win for Siemens Energy and Dragados Offshore.
Oxy’s 1PointFive to Use Siemens Compression Technology at DAC Plant
Direct air capture plants like 1PointFive’s in the Permian are growing as policies like the Inflation Reduction Act incentivize climate solution technology.
Siemens Energy Exec on the Biggest Issue Facing Hydrogen
Rich Voorberg, president of Siemens Energy North America, shares opportunities and challenges for hydrogen plus what it will take to make the U.S. a leader in the space.
Energy Transition in Motion (Week of Sept. 9, 2022): Advancing Projects, Investment
Here’s a look at some of this week’s renewable energy news, including an oilfield service company’s investment in a battery manufacturer.
'The Turbine Works': Germany's Scholz Points Finger at Russia in Energy Row
German Chancellor Olaf Scholz insists that Russia's Nord Stream 1 turbine, currently being stored in Germany, is functional and ready to be shipped back to Russia.
E&P Highlights: Aug. 1, 2022
Here’s a roundup of the latest E&P headlines including company updates from the past week in the upstream oil and gas industry.
E&P Highlights: July 25, 2022
Here’s a roundup of the latest E&P headlines including new appointments and product announcements from the past week in the upstream oil and gas industry.
Digitalization Improves US Shale Operations but Can Compromise Cybersecurity
Expanding the interface between information technology and operational technology makes cybersecurity more challenging and more critical than ever, Siemens Energy cybersecurity expert Sam Miorelli warned shale operators at DUG East.
DUG East: Cybersecurity: Protecting Your Assets
Siemens Energy's global head of cybersecurity for industrial applications explains how operators can address cybersecurity and avoid becoming a target for cyber hackers.
Siemens Energy Cuts Management Layers, Revamps Segment Reporting
Siemens Energy, which on May 21 announced a 4.05 billion-euro (US$4.32 billion) bid for the remaining stake in wind turbine unit Siemens Gamesa, said no layoffs were planned as part of the move.
Siemens Energy Launches $4.3 Billion Bid for Remaining Siemens Gamesa Stake
Siemens Energy has been faced with product delays and operational problems at Siemens Gamesa, which has issued three profit warnings in less than a year.
Siemens Energy Shares Hit Record Low as Wind Turbine Problems Mount
Results at Siemens Gamesa, which in January issued its third profit warning in nine months, mask a solid performance at Siemens Energy’s business focused on coal- and gas-fired power stations and turbines.
Energy Transition Trailblazers: Embracing Change
Here’s a look at Siemens Energy’s approach to the energy transition and how others across the oil and gas industry can successfully navigate the changes too.
IndustryVoice
IndustryVoice: Reduce Environmental Risk for your operations with Digitally enabled solutions
With HSE regulations on the rise in the U.S., it is important for oil & gas companies to incorporate digitally enabled solutions from the start of the operation life cycle.