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...You look at Siemens Energy, you look at GE, you look at Vestas, the big players, we’re all losing money . . ....
...Over-optimism concerning the performance of renewable energy generation — in which Lex partook — created an asset bubble. It is now deflating....
...Engineering problems have beset the latest generation of turbines under production — leading to a suspension of new orders for onshore projects — and costs have spiralled thanks to inflation, causing losses...
...Among the multinationals that call Singapore home is German conglomerate Siemens....
...I think that downturn has gone further and further [away] in time,” said Rich Voorberg, president of Siemens Energy North America, an energy technology group....
...And the higher trading multiple of “renewables specialists” seems to contradict the huge write-offs that Ørsted and Siemens Gamesa recently recorded....
...Xs are Siemens Gamesa’s largest turbines, with rotor blades spanning up to 170 metres and a generation capacity of 5.8 megawatts — enough to meet the electricity needs of roughly 5,000 households each....
...Samsung will make the latest generation of semiconductors in the US two years ahead of its rival Taiwan Semiconductor Manufacturing Company as part of a $40bn investment in another boost to President Joe...
...The capital-intensive wind power sector is encountering turbulence with Siemens seeking government support and Ørsted, the world’s largest offshore wind developer, abandoning two US projects....
...The site was occupied from 1863 by the Siemens Brothers Telegraph and Telephone Works, which manufactured submarine cables and then telephones until 1968....
...In factories, robots have long been used to assemble parts but the next generation will be AI-powered “humanoid” robots, working alongside humans....
...“From time to time, companies have to reinvent themselves, and Arne is leading a new generation of managers who are very successful at doing this,” he said....
...Siemens Energy, whose wind unit makes turbines, needed a €15bn bailout last year....
...They said they would “sufficiently accelerate renewable energy in their respective economies through 2030” to “accelerate the substitution for coal, oil and gas generation”....
...On Monday, Siemens Energy booked charges worth €2.2bn due to problems at its wind turbine division Siemens Gamesa....
...Turbine manufacturers have also been hit: Siemens Energy, one of the world’s biggest, is in talks with the German government to secure guarantees for long-term projects after warning turbine losses would...
...The fifth-generation driver that you're seeing, that sensor suite, itself, is dramatically cheaper than the fourth generation, while actually increasing the performance....
...Siemens and Microsoft have been leading a last-minute drive to shore up support for the CBI ahead of Tuesday’s confidence vote in the organisation....
...He believes it is an example of why the UK needs to build legal architecture to ensure that governments “don’t choose filling potholes today over completing tomorrow’s next-generation infrastructure”....
...We report today on the struggles of Siemens to fix its ailing wind turbine business, which has led the German group to rack up a €4.5bn loss this year....
...At Siemens, Neuhauser welcomes Gen Z: “It’s cool to have the new generation coming in, they are allies to the ‘change culture’.”...
...affairs at Siemens Gamesa, told the Financial Times....
...In May, Siemens Gamesa, the renewable energy arm of multinational conglomerate Siemens, discontinued its demonstration of electrothermal energy storage in Hamburg, Germany....
...The EU’s REPowerEU plan, rolled out in May after the Russian invasion, lifted the target for renewable energy in the power mix from 32 per cent of total electricity generation to 45 per cent, by 2030....
...For instance, the US Department of Energy’s Argonne National Laboratory is using a digital twin as part of its research and development of a next-generation nuclear reactor....
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