Siemens Energy AG is a leading global energy technology company that operates across the entire energy value chain, from conventional power generation to renewable energy and grid infrastructure. Headquartered in Munich, Germany, the company was established in 2020 following its spin-off from Siemens AG. Siemens Energy operates through four primary business segments: Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa. The Gas Services division manufactures large gas and steam turbines, generators, and heat pumps, while providing extensive maintenance and lifecycle services. The Grid Technologies segment focuses on power transmission and storage, offering high-voltage direct current (HVDC) systems, transformers, and switchgears essential for grid modernization. The Transformation of Industry segment provides electrolyzers for green hydrogen production, industrial steam turbines, and compressors. Finally, Siemens Gamesa, a fully owned subsidiary, designs, manufactures, and installs onshore and offshore wind turbines. In fiscal year 2024, the company generated €34.5 billion in revenue, driven by strong demand for grid technologies and gas services amid the global energy transition. Siemens Energy serves utilities, independent power producers, transmission system operators, and industrial customers worldwide, positioning itself as a critical enabler of decarbonization and sustainable energy infrastructure.
