Siemens Energy
Turbines, wind turbines and grid technology for the energy transition.
52-week range
As of 5 Oct 2026, 17:36What does Siemens Energy do?
Munich-based Siemens Energy builds gas turbines for power plants, grid technology such as transformers and substations, and, through its subsidiary Siemens Gamesa, wind turbines. It was spun off from Siemens in 2020. After serious problems with its wind turbines, the German government had to step in with guarantees in 2023. Since then the business has improved a lot.
Many wind turbines in the North Sea and Baltic Sea come from Siemens Gamesa, and Siemens Energy transformers help get electricity to your home.
How Siemens Energy makes money
- Gas turbines & service31 %
- Grid technology29 %
- Wind power (Siemens Gamesa)26 %
- Technology for industry14 %
Strengths
- A record order backlog of about €138 billion.
- Data centers and grid expansion are driving strong demand for turbines and grid equipment.
- Profit improved markedly in fiscal 2025, and all targets were met.
Risks
- The wind subsidiary Siemens Gamesa still lost more than €1 billion in fiscal 2025.
- Supply bottlenecks and full factories limit how fast the company can grow.
- After a huge share price rally, market expectations are very high.
- Founded
- 2020
- Headquarters
- Munich, Germany
- Employees
- about 103,000
What if you had invested in Siemens Energy earlier?
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This page explains the company and is not a recommendation to buy or sell.