Siemens Energy AG’s share price recovered on Tuesday, rising 7.53%, after it released a preview of its first quarterly results following Chinese AI chatbot maker DeepSeek's rapid disruption of the US market that sent stocks in a tailspin this week.
Siemens Energy will start producing recyclable wind turbine blades at its factory in Hull this spring, a spokesperson has confirmed.
Scottish Power has announced a £1 billion turbine contract with Siemens Gamesa for its East Anglia Two wind farm.
Siemens Gamesa has agreed to give around 300 workers at its wind turbine facility in Hull a pay rise, averting the need for industrial action.
Around 300 Siemens Gamesa wind turbine blade makers in Hull are being balloted for strike action over pay, Unite has announced.
Siemens Energy AG (DE:ENR) has told customers it plans to produce its biggest wind turbine, potentially toward the end of the decade, as the company seeks to maintain its lead in one of the fastest-growing energy sectors.
A North Star shipping hybrid service operations vessel (SOV) set for the UK’s East Anglia Three offshore wind farm is to be built in India.
Siemens Energy AG (FWB:ENR) shares jumped 14% after the company signaled its lucrative gas and electric grid businesses were no longer burdened by ongoing losses at its struggling wind-turbine unit.
Siemens Energy has seen success in 70% of businesses in the fourth quarter as its wind company continues to struggle.
Siemens Energy is considering closing offices and manufacturing sites to address its loss-making wind turbine business, according to reports.
A number of US law firms are reportedly investigating the potential for class action lawsuits against Siemens Energy after the disclosure of turbine failures prompted a collapse of its stock.
Siemens Energy AG is scrutinizing its wind business for a strategic reset after heavy costs related to ongoing problems with turbines roughly quadrupled the company’s expected annual loss to €4.5 billion ($5 billion).
Siemens Energy is establishing an internal taskforce as well as 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.
Siemens Energy AG is struggling to contain the fallout after discovering a main piece on the frame of its wind turbine can move or twist over time.
Siemens Energy stock prices have dropped by record numbers following growing issues at Siemens Gamesa Renewable Energy.
AIS Survivex has secured a contract with renewables company, Siemens Gamesa Renewable Energy, to deliver training across its UK workforce.
A new report from Moody’s finds that wind turbine manufacturers are struggling with margins, despite buoyant long-term forecasts for the sector.
With Siemens Energy AG taking full control of its troubled Gamesa unit, executives finally have a clear path to fix a business that’s delivered three years of straight losses.
Annual emissions of the super-destructive greenhouse gas sulphur hexafluoride (SF6) equate to the annual carbon dioxide CO2 emissions of a staggering 100million cars.
Chinese yard Dajin Offshore Heavy Industry will supply wind towers for Ocean Winds’ Moray West offshore wind farm in Scotland after winning a subcontract from Siemens Gamesa.
Siemens Gamesa and Hai Long Offshore Wind Project signed two agreements at the Energy Taiwan trade fair in Taipei on Thursday marking Siemens biggest deal in the country.
Nearly 3000 people are set to lose their jobs as wind turbine maker Siemens Gamesa (BME: SGRE) plans to return to profitability.
Equinor will only install seven of the 11 floating wind turbines planned for its Hywind Tampen project this year, as supply chain issues force commissioning to be pushed back.
SSE Renewables has agreed to buy a portfolio of nearly 4 gigawatts of European onshore wind projects from Siemens Gamesa Renewable Energy (SGRE) for €580 million (£483m).
SSE Renewables and Siemens Gamesa have unveiled plans to produce and deliver green hydrogen in the Highlands.