🏢 Company Name: Siemens Energy AG
🌍 Headquarters: Munich, Germany
🗓️ Founded: 2020 (spun off from Siemens AG's energy division)
📈 Stock Ticker: ENR (Frankfurt Stock Exchange)
👥 Employees: Around 100,000
💶 Revenue (2024): €34.5 billion
📊 Net Income (2024): €1.33 billion
⚙️ Core Business Areas:
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Gas and steam turbines
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Generators and transformers
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Electric power transmission – high-voltage lines and substations
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Hydrogen energy solutions
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Renewable energy – via subsidiary Siemens Gamesa Renewable Energy (wind turbines)
🧾 Key Highlights:
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In 2023, Siemens Gamesa faced production issues with land-based wind turbines, resulting in significant financial losses.
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Siemens Energy received a €15 billion support package from the German government.
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Despite setbacks, gas and grid segments performed well.
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In 2024, Siemens Energy’s stock rose over 300%, making it one of the best performers in Europe’s Stoxx 600 index — surpassing even companies like Nvidia in relative growth.
🌱 Sustainability and Innovation:
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Strong focus on green hydrogen technology
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Committed to carbon footprint reduction
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Supports the global energy transition through clean, long-term energy infrastructure solutions
🌐 Global Presence:
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Operates in more than 90 countries
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Plays a strategic role in supporting the transition to cleaner and more reliable energy systems worldwide