Wind and solar stocks are declining due to higher costs of raw materials and slow supply response. EV chargers and copper mining, critical for the energy transition, face demand uncertainties and reluctance in investment. Despite […]
FRANKFURT, Oct 9 (Reuters) – Siemens Energy (ENR1n.DE) is considering shutting down Siemens Gamesa factories and sales offices as part of a review aimed at reducing losses at the wind turbine business, three people familiar with the […]
Siemens Energy’s disclosure of quality issues in its newer wind turbine models has exposed broader challenges in a sector suffering from rushed development, soaring materials costs and a flawed market design. Siemens Energy shocked the wind […]
Siemens Energy AG has established an internal taskforce and supervisory board committee after a string of quality problems with its wind turbines triggered a record share price drop, a person familiar with the matter said. […]
Between April and June, Siemens recorded a net loss of 1.5 billion euros ($1.5 billion), after a mirror 1.5-billion-euro profit in the same period last year. Frankfurt: German industrial conglomerateSiemenssaid Thursday it had made a […]
Siemens Gamesa and Siemens Energy have announced a major investment in R&D on an offshore wind-powered green hydrogen production system. The two companies will be spending about $150 million to develop the project, making it […]
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