Siemens Energy Aims to Cure Ailing Wind-Turbine Business in 2024

February 8, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Following a rough period for the wind-energy sector, Siemens Energy (Munich, Germany) is offering a rosy outlook for its troubled business. In announcing results for the first quarter of its 2024 fiscal year, which ended December 31, Chief Executive Officer Christian Bruch said the company "had a solid start into the year with momentum in all the businesses," and was working with its customers to repair flawed turbines.

Industrial Info is tracking more than $92 billion worth of active and planned projects across the U.S. and Canada that are using, or considering, Siemens' services, including more than $31 billion worth of wind-energy projects. Among the companies contracting Siemens' services are Orsted A/S, The Anschutz Corporation, Greengate Power Corporation, Microsoft Corporation (NASDAQ:MSFT), Pembina Pipeline Corporation (NYSE:PBA), Innagreen Investments and Renewable Energy Systems (RES) Canada.