Siemens Energy AG operates as an energy technology company worldwide. It operates in two segments, Gas and Power; and Siemens Gamesa Renewable Energy. The company provides gas and steam turbines, generators, gas engines, instrumentation and controls, and electrical systems, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and transformers, air and gas-insulated switchgears, AC transmission systems, offshore windfarm grid connections, high voltage direct current transmission systems, high voltage substations, digital solutions and components, and other products. It also offers rotating equipment that includes industrial and aero-derivative gas turbines, turbo- and reciprocating compressors, power generation products, and compression trains and modules, as well as solutions in the fields of electrification, automation and digitization, plant safety, plant security, and water treatment. In addition, the company develops technologies in the fields of decarbonized energy and storage systems. Further, it offers onshore wind turbine design, engineering, manufacturing, and installation solutions for onshore markets; offshore wind turbine equipment design, manufacturing, and installation solutions; and operation and maintenance services for wind farms. The company serves utilities, independent power producers, project developers, oil and gas, transmission and distribution system operators, and industrial and infrastructure customers. Siemens Energy AG was founded in 1866 and is based in Munich, Germany.

Siemens Energy AG

Siemens

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. A majority stake in the wind power subsidiary 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 96,000 people worldwide in more than 90 countries and generated revenue of around €31 billion in fiscal year 2023.

Siemens Energy is a trademark licensed by Siemens AG

Siemens Pension-Trust e.V

Siemens Energy

In #Australia, we are one of the smaller employers: 290 people work for #TeamPurple Down Under. However, their influence on the energy landscape should not be underestimated. Step by step we are doing everything we can to drive forward the energy transition:

✔ We are one of the industry partners of the Australian Gas Infrastructure Group (AGIG)-run Hydrogen Park South Australia. With our innovative solution, a facility is able to produce an estimated of 20 kilograms of clean hydrogen per hour, amounting to 175 tonnes of green hydrogen for Australia each year. 

✔ Grids often lack the inertia of heavy power turbines that can instantly bridge sudden frequency drops. So, to avert the risk of blackouts, Australian grid operator ElectraNet Pty Ltd is turning to high-tech flywheels to increase inertia and maintain grid stability.

Links in the comments to find out more 👇

In terms of energy, Australia is a really exciting continent, but unfortunately too little is known about it when it comes to the #energytransition. We want to change that! 

Board member Tim Holt is in #Australia for four days to get to know the local energy market better and it’s a great opportunity to share some interesting energy facts about Down Under. Did you know that Australia’s most successful rock band AC⚡DC wouldn't exist without Siemens Energy's technology, but we've moved on and now it's all about HV⚡DC! As you can see, there is a lot to tell about Australia and energy:

👉 The flight from Frankfurt to Brisbane is about 16,000 kilometers and the individual CO2 footprint is about 13.9 tons. To "compensate" for this amount of CO2, our electrolyzer "Trailblazer" at the Air Liquide plant in Oberhausen has to run for just over 4 hours. The flight to Australia takes around 21 hours, during which time our electrolyzer produces around 6,700 kg of hydrogen. That's almost 53 tons of CO2 equivalent.

👉 If Tim looks out of the window on his flight to Australia, he may be lucky enough to see various wind parks from Siemens Gamesa. For example, in Steinriegel, one of the largest wind parks in Austria. Or further south in Turkey, where he flies over the Kanije and Kiyikoy wind parks near Istanbul, but also in the center of Turkey in Baglar or Ardicli, where a total of 53 turbines have been installed. Further into his flight, Tim may fly over our turbines located in India, 96 of them at the Bableshwar wind park and 100 turbines in Poovani.

👉 If Tim were to greet every Siemens Energy employee in Australia personally, he would have to shake 290 hands. So we're a very small employer in Australia, but we're still happy to have #TeamPurple driving forward the energy transition in Australia.

On International Day for Clean Energy, we asked our people what it means to them to help transform the energy industry....

Today is a reminder of why we do what we do. Every day we work across the energy landscape to make further progress towards a more sustainable future 💚

A big step on the energy transition journey achieved!🎉 



We've successfully handed over the #VikingLink Interconnector to National Grid and Energinet. This 765 km marvel is the 1st physical power link between UK & Denmark and the world's longest Interconnector! 

With our HVDC PLUS technology, power flow can now be switched bi-directionally between the two countries within minutes. Full capacity? About 3M Danish and British homes powered! 🏠 ⚡

Guess what we got for Christmas? 🎁 It took 49,737 #lego bricks and a lot of our energy to make this creation! #happyholidays

Wherever you are in the world, we wish you a happy and restful holiday period and send good energy to you! 💜🌎 #SeasonsGreetings

As #COP28 draws to a close it is clear that a successful #energytransition requires joint action, but the private sector holds a real responsibility of supporting the visions of countries in order to reach climate goals. Companies like ours are key to driving the implementation of innovative and sustainable solutions across industries. What are your thoughts? 💭

Step by step, we are improving our sustainability performance and investment in grids is key to this success. Take the DolwinKappa project. It's the world’s first offshore platform equipped with state-of-the-art gas-insulated direct current switchgear which has been successfully installed in the North Sea. Working with TenneT TSO GmbH, the DolWin6 grid connection system will supply more than one million households with green wind power.

On International Volunteer Day, we share our volunteers' dedication to making a better world 🌏 In partnership with Yayasan Hijau Malaysia (YHM) and Tonibung CREATE Borneo, we are helping make a big energy transformation in Sabah, Borneo. Volunteers from Malaysia helped construct a micro hydro dam to give indigenous communities a clean and reliable source of energy. 

When it comes to the #energytransition we need collective action and our people are creating impact and value across the communities where they live and work.

#IVD2023

The #energytransition requires massive investment in the expansion of the transmission grid. 

Together with TenneT TSO GmbH and 50Hertz Transmission GmbH, we are taking a big step in expanding the German #SuedOstLink's transmission capacity to meet growing energy demands. 

With the addition of converters in the power link, our technology will help transport renewable electricity over long distances, reducing the need for grid interventions and allowing the full potential of renewables to be realised.

XETRA:ENR

Siemens Energy AG

Last Close

33.08

25/09 14:25

Market Cap

21.48B

Beta: 2.03

Volume Today

1.91M

Avg: 2.60M

PE Ratio

−2.43

PFCF: 27.66

Dividend Yield

0.72%

Payout:0%