Siemens Energy
| Siemens Energy AG | |
|---|---|
 | |
| Type | Aktiengesellschaft |
| FWB: ENR DAX Component | |
| Industry | Energy development |
| Predecessors | |
| Founded | 1 April 2020 Munich |
| Headquarters | Munich, Germany |
| Key people | Joe Kaeser (Chairman) Christian Bruch (Chief Executive Officer) Maria Ferraro (Chief Financial Officer) Tim Holt (Executive Vice President) Anne-Laure de Chammard (Executive Vice President) Karim Amin (Executive Vice President) Vinod Philip (Executive Vice President) |
| Revenue | €39.1 billion (2025) |
| €2.355 billion (2025) | |
| €1.685 billion (2025) | |
| Total assets | €50.874 billion (2024) |
| Owners |
|
Number of employees | 102,000 (2025) |
| Divisions | Gas Services, Grid Technologies, Transformation of Industry and Wind Power (Siemens Gamesa) |
| Subsidiaries | Siemens Gamesa |
| Website | www |
Siemens Energy AG is a German publicly traded energy corporation formed through the spin-off of the former Gas and Power division of Siemens, and it includes full ownership of Siemens Gamesa.[1]
Christian Bruch is the CEO, and the former CEO of Siemens AG, Joe Kaeser, is the chairman of the supervisory board.[2]
At an Extraordinary Shareholders' Meeting of Siemens AG on 9 July 2020, its shareholders approved the split-up of the company.[3] Trading of the shares of the new Siemens Energy AG on the Frankfurt Stock Exchange began on 28 September 2020.[4] As of November 2024, Siemens retains a stake of 17% in the company.
Following quality problems with onshore turbines, Siemens Energy share price dropped by nearly 35% between 21–23 June 2023. In October 2023 the company announced it was seeking German government guarantees, following quality problems with rotor blades and gears in its newer onshore wind turbines. The company share price dropped once again sharply on 25 October 2023, but it regained most of this loss by 15 November 2023.[5] In 2024 Siemens Energy shares surged by more than 300%, making it the top performer in the Stoxx 600, with its share price reaching an all time high.[6]
History
[edit]The energy division has been an essential part of the company since the foundation of the group by Werner von Siemens and Johann Georg Halske. Important organizational milestones were the founding of Siemens-Schuckertwerke in 1903, the formation of the Power Engineering Division in 1969 in the newly founded Siemens AG, and the bundling of activities in the Siemens Energy Sector in 2008.[7]
Siemens Energy was created as an independent company in April 2020 as a result of a renewed restructuring of the Siemens Group. Siemens transferred its energy division to the new independent company for this purpose.[7]
Rebranding to Omterra
[edit]On July 14, 2026, the company announced[8] a transition to a new independent brand, changing its name to Omterra. Under this new identity, the current global operations of Siemens Energy and its subsidiary, Siemens Gamesa Renewable Energy, will be unified under a single corporate name.
The rebranding process was prompted by the expiration of the fixed-term licensing agreement that governed the use of the "Siemens" trademark following the company's spin-off[9] from Siemens AG in 2020. According to the company, its strategic direction for customers and business partners will remain unchanged. The transition to the Omterra name is set to be implemented progressively throughout the year.
Products
[edit]The Group's product range mainly includes:
- Power transmission and distribution (for example, transformers, switchgear, high-voltage direct-current transmission)
- Generators
- Power plant technology
- Low-voltage switchgear: switchgear for load feeders, components for power distribution, control and signaling devices, complete cubicle systems (circuit breakers, etc.)
- Turbines: Wind turbines, steam and gas turbines
- Compressors
- Electrolyzers
Operations
[edit]Siemens Energy operates manufacturing facilities in Europe, Asia and the Americas. In Germany, the company manufactures gas turbines in Berlin and power transformers in Nuremberg, where it announced a €220 million factory expansion in 2025.[10]
In Brno, Czechia, Siemens Energy designs and manufactures industrial steam turbines with capacities of up to 150 MW. The factory also provides turbine maintenance and modernization services for customers worldwide.[11][12] Industrial steam turbines are also manufactured in Vadodara, India.[13]
The company's power-grid equipment manufacturing network includes high-voltage switchgear production in Shanghai and large power transformers manufactured through its joint venture with Končar Group in Zagreb.[14][15]
In the United States, Siemens Energy manufactures generators and turbine components in Charlotte, North Carolina, where it is expanding into large power transformer production. Its subsidiary Siemens Gamesa manufactures offshore wind-turbine nacelles in Cuxhaven, Germany, and blades in Kingston upon Hull, England.[16][17]
Finances
[edit]| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Total revenue (€ bn) | 28.9 | 27.5 | 28.5 | 29.0 | 31.1 | 34.5 | 39.1 |
| Net profit (€ bn) | 0.1 | -1.6 | -0.4 | -0.4 | -3.3 | -0.1 | 2.0 |
| Total assets (€ bn) | 45.0 | 43.0 | 44.1 | 51.2 | 47.9 | 54.4 | 61.1 |
| Total equity (€ bn) | 13.1 | 15.4 | 15.2 | 17.1 | 8.8 | 9.4 | 10.7 |
| Employees | 93,000 | 92,000 | 91,000 | 94,000 | 98,000 | 102,985 | |
| References[18] | |||||||
References
[edit]- ↑ "Siemens baut fokussierten Energieriesen". Siemens AG.
- ↑ "Senvion: Paukenschlag bei Siemens - Sen wirft kurz vor Börsengang hin". www.manager-magazin.de. 19 March 2020.
- ↑ "Siemens-Hauptversammlung: Kaeser will keine Kohle mehr". www.manager-magazin.de. 9 July 2020.
- ↑ "Siemens' $18 billion energy spin-off falls in Frankfurt debut". Reuters. 2020-09-28. Retrieved 2020-09-30.
- ↑ "Siemens Energy shares slide 39% after company seeks state guarantees". Reuters. 2023-10-26. Retrieved 2023-10-29.
- ↑ "Siemens Energy outrallied Nvidia this year. There is more to come". Financial Times. 2024-12-02. Retrieved 2024-12-23.
- 1 2 "History | About Us | Siemens Energy Global". siemens-energy.com Global Website. Retrieved 2023-08-24.
- ↑ "Siemens Energy begins preparations for the launch of an independent brand". www.siemens-energy.com. Retrieved 2026-07-15.
- ↑ "Siemens Energy spin-off". Siemens. Retrieved 2026-07-15.
- ↑ Steitz, Christoph (5 September 2025). "Siemens Energy to expand Nuremberg transformer production site". Reuters.
- ↑ "O Siemens Energy" (in Czech). Siemens Energy.
- ↑ Svoboda, Petr (14 July 2025). "Rozvíjíme turbíny pro plyn, ZEVO i jádro. Klíčová je rostoucí účinnost a spolehlivost našich zařízení". All for Power (in Czech).
- ↑ "Siemens Energy India Limited successfully listed in India". Siemens Energy India.
- ↑ "Siemens Energy breaks ground on new facility in Minhang". Shanghai Municipal Government. 13 June 2025.
- ↑ "KONČAR and Siemens Energy to invest €260 million in large power transformers manufacturing expansion". KONČAR. 1 August 2025.
- ↑ "Driving energy forward, coast to coast". Siemens Energy.
- ↑ "Offshore Wind Power in Cuxhaven". Siemens Gamesa.
- ↑ Siemens Energy Umsatz, Kennzahlen, Bilanz/GuV Finanzen.net (German)
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