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‘What’s Next’ for Siemens Energy?

September 16, 2021

Everyone in the power industry is familiar with Siemens Energy. Its technology is behind about one-sixth of the world’s power generation, and even a larger portion than that in the U.S.—roughly a third.

Yet, Siemens Energy as currently organized is a fairly new entity. The company was spun off from Siemens AG and began trading on the Frankfurt stock exchange on Sept. 28, 2020. When the spin-off was approved by Siemens shareholders in July that year, Joe Kaeser, president and CEO of Siemens AG, said, “The spin-off enables us to build two focused companies, both of which will be strong players in their respective sectors.”

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