Transcript
Introduction
Zack
I'm Zack Fuss, and today, we are breaking down Siemens Energy, a spin-off from industrial giant Siemens completed in 2020. Siemens Energy operates across the entire energy value chain with a significant presence in both conventional and renewable power. They are a major player in gas turbines and power generation, while also more recently taking full control of Siemens Gamesa Renewable Energy.
What makes this company particularly interesting is its position at the forefront of the energy transition. As the world moves towards more sustainable energy systems, Siemens is uniquely placed to bridge the gap between traditional energy sources and renewables. However, the company faces real challenges, particularly in its renewables division.
Siemens Gamesa has been dealing with a litany of issues, including supply chain disruptions, project delays and technical issues with their turbines. It presents a complex situation for Siemens Energy as they navigate the shift to green energy. The company's ability to leverage its expertise in conventional power to address these renewable energy challenges will prove to be crucial.