10 articles
Siemens Energy plans to sell most of its Industrial Transformation division to focus on gas turbines and grid equipment for AI data centers. The unit, serving chemical and oil sectors with turbines an
European stocks rose as falling oil prices alleviated inflation concerns, with Brent crude dropping to $91 per barrel. Siemens Energy gained after announcing plans to sell a majority stake in its stea
Siemens Energy is working with Goldman Sachs to sell a majority stake in its steam turbine business, valued at over €10 billion. Private equity firms including CVC and Bain are considering bids for th
Siemens Energy reported record third-quarter sales driven by gas turbine demand from US AI data centers and Middle East power projects, with profit tripling to €1.62 billion amid a global electrificat
Siemens Energy CEO Christian Bruch forecasts sustained demand for gas turbines and grid technology driven by global electrification and data center growth. The company reported a record order backlog
Siemens Energy is evaluating a spin-off of its "Transformation of Industry" division, which manufactures industrial compressors and steam turbines, aiming to increase shareholder value and potentially
Siemens Energy executives report soaring gas turbine demand driven by AI data center expansion and Middle East security concerns. Prices have risen due to supply constraints, prompting logistical shif
European buyers pay reservation fees to secure gas turbines amid surging AI-driven data center demand, per Siemens Energy. Capacity remains booked through the decade as utilities balance urgent grid n
Siemens Energy forecasts sustained demand for its gas turbines and grid products through the 2030s driven by AI data center construction. The company plans to accelerate its €6 billion share buyback p
Siemens Energy raised its 2026 sales and profit forecasts after a surge in orders for power equipment driven by data center demand. Shares hit a record high as global demand for gas turbines and grid
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