Bloomberg Law
May 25, 2023, 4:58 PM

Siemens Energy Orders ‘Overflowing’ as Green Shift Gains Speed

Carolynn Look
Carolynn Look
Bloomberg News
Anna Edwards
Bloomberg Editorial

Siemens Energy AG is experiencing a surge in demand for green transition technologies as governments around the world step up efforts to pivot away from fossil fuels, according to Chief Financial Officer Maria Ferraro.

After years of supply-chain snarls stifling orders, “we’re now seeing a resurgence, if you’d like, with some real market momentum,” she said at a Bloomberg New Voices event in Frankfurt on Thursday. “We have an overflowing order book.”

WATCH: CFO Maria Ferraro says Siemens Energy is experiencing a surge in demand.
Source: Bloomberg

Last year’s historic energy crisis forced central banks to respond to soaring prices with aggressive monetary tightening — complicating efforts to increase investments in renewables just ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.