# Siemens Energy **Source:** https://geo.sig.ai/brands/siemens-energy **Vertical:** Climate & Energy **Subcategory:** Grid Digitalization **Tier:** Leader **Website:** siemens-energy.com **Last Updated:** 2026-04-14 ## Summary Frankfurt-listed (ETR: ENR) energy technology company at €34.5B FY2024 revenue with 13-15% growth 2025; Siemens Gamesa offshore wind and gas turbines competing with GE Vernova and Vestas for energy transition infrastructure. ## Company Overview Siemens Energy AG is a Munich, Germany-based energy technology company — listed on the Frankfurt Stock Exchange (ETR: ENR), partially owned by Siemens AG (25%+ stake) following the September 2020 spin-off — providing power generation (gas turbines, steam turbines, generators), grid infrastructure (transmission technology, HVDC systems, transformers), and energy transition solutions (green hydrogen, offshore wind through its 73%-owned Siemens Gamesa Renewable Energy subsidiary) to utilities, industrial customers, and governments globally. Siemens Energy generated €34.5 billion in revenue in fiscal year 2024, with Q2 FY2025 revenue of €10.0 billion (+20.7% comparable) and Q3 FY2025 revenue of €9.7 billion (+13.5% comparable), projecting 13-15% revenue growth for full-year FY2025 at a 4-6% profit margin. Siemens Energy's portfolio spans the full energy infrastructure value chain: the Gas Services division (H-class and HL-class gas turbines generating 400+ MW for combined cycle power plants) serves the growing demand for gas peaker plants that balance intermittent renewable energy; the Grid Technologies division (220kV to 1,200kV transformers, HVDC transmission systems, gas-insulated switchgear) addresses the electrical grid infrastructure buildout required to connect renewable energy generation to demand centers; and Siemens Gamesa (the largest offshore wind turbine manufacturer in Europe) provides the wind technology at the heart of European offshore wind expansion. The transformation projects (gas turbine upgrades to increase efficiency and reduce emissions for the existing installed base of 100,000+ Siemens turbines globally) create long-duration service revenue streams. In 2025, Siemens Energy (ETR: ENR) competes in the power generation, grid infrastructure, and renewable energy market with GE Vernova (NYSE: GEV, gas turbines and grid technology), Vestas (CPH: VWS, wind turbines), and ABB (SWX: ABBN, power transmission and grid automation) for energy infrastructure project and service revenue. Siemens Gamesa has experienced quality issues with older onshore wind turbine models — blade integrity and bearing failures requiring extensive retrofitting — that have weighed on margins; the restructuring of Siemens Gamesa (full delisting and integration into Siemens Energy, completed 2023) consolidated management but created a large one-time write-down. The energy transition investment cycle (€50+ trillion globally through 2050 in clean energy infrastructure) drives Siemens Energy's long-term order backlog. The 2025 strategy focuses on Siemens Gamesa offshore wind quality normalization, growing the electrolysis/hydrogen business for industrial decarbonization, and capturing grid technology orders from the massive US and European power transmission buildout. ## Frequently Asked Questions ### What is Siemens Energy? Analyst Lucas Ferhani upgraded Siemens Energy AG to 'buy' from 'hold' with price target raised to €134 from €55, citing strong portfolio positioning for renewable energy and grid modernization trends. ### When was Siemens Energy founded? Siemens Energy was founded in 2020 in Munich, Germany. was spun off from Siemens AG and listed on Frankfurt Stock Exchange on September 28, 2020, as an independent publicly traded company. ### What are Siemens Energy's major milestones? Siemens Energy's history includes several key milestones: 2020: September 28: Siemens Energy listed independently on Frankfurt Stock Exchange following spinoff from Siemens AG 2023: Acquired remaining shares of Siemens Gamesa for full integration of renewable energy business 2025: November: Announced new 2028 financial targets with 10-12% profit margin goal; Jefferies upgraded to 'buy' ### What is Siemens Energy's mission? Siemens Energy's mission is to Support companies and countries to reduce greenhouse gas emissions and make energy reliable, affordable, and more sustainable. Focus on energy transition, grid modernization, renewable energy integration, and sustainable power solutions. ### Who founded Siemens Energy? Siemens Energy was founded by Christian Bruch and Joe Kaeser. President and Chief Executive Officer ### What is Siemens Energy's relationship to Siemens Gamesa? Siemens Energy holds approximately 73% of Siemens Gamesa Renewable Energy (SGRE), a publicly listed Spanish wind turbine manufacturer that had been one of the world's largest offshore wind OEMs. Siemens Gamesa faced severe losses in 2022-2023 due to quality defects in its onshore wind turbines, costing Siemens Energy billions and dragging down the parent company's overall financial performance. Siemens Energy took Siemens Gamesa fully private in 2023, delisting it from the Spanish stock exchange, to pursue a turnaround that included a €4 billion German government-backed loan guarantee. ### What products does Siemens Energy make beyond wind turbines? Siemens Energy's non-Gamesa business — the Gas Services and Grid Technologies segments — produces gas turbines (used by utilities for peaking and base-load power generation), steam turbines, generators, HVDC transmission systems, transformers, and switchgear for power grids. The Gas Services segment, which serves oil and gas customers and utilities with LNG equipment and service contracts, is highly profitable and cross-subsidized the Gamesa losses. Siemens Energy's electrolyzers for green hydrogen production are a growing focus as utilities and industrial companies invest in decarbonization. ### What is Siemens Energy's revenue and financial trajectory? Siemens Energy generated €34.5 billion in revenue in fiscal year 2024 (ending September 2024) and has guided for 13-15% comparable revenue growth in FY2025, driven by strong order intake across its gas turbine service business and grid infrastructure products. The company returned to profitability at the group level in FY2024 after the Gamesa crisis caused net losses in 2022-2023, posting a profit margin of approximately 4-6% at the EBITA level. The grid technology segment — transformers, HVDC systems, and switchgear — has become the fastest-growing business as utilities globally invest in transmission infrastructure to handle renewable energy integration. ## Tags b2b, energy, fortune500, global, infrastructure, technology, public --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*