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Released February 25, 2025 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Siemens Energy (Munich, Germany) enjoyed a strong start to its fiscal year, with U.S.-based orders for natural gas-fired power-generation equipment and global orders for wind-turbine equipment leading the company to a record order backlog. Industrial Info is tracking more than $90 billion worth of active and proposed projects worldwide from Siemens Energy, or that feature its services, including more than $15 billion worth in the U.S. and Canada.
Click on the image at right for a graph detailing the top parent companies for U.S. and Canadian projects featuring Siemens Energy's services, by total investment value.
"The underlying trends remain strong, and we see our customers are looking to secure as much capacity as possible, given strong growth in electricity consumption and the build-out of data center capacity," said Christian Bruch, the chief executive officer of Siemens Energy, in a recent quarterly earnings-related conference call. "At this point, we already have secured a project volume of around 20 gigawatts in gas, which we expect to convert into orders in fiscal-year 2025 and fiscal-year 2026."
Last month, Siemens Energy started engineering work for a $149.9 million expansion of its manufacturing plant for steam gas turbines and generators in Charlotte, North Carolina. The company is more than doubling the facility's size and renovating its existing space to increase its production of large transformers. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Plant and Project databases can learn more from a detailed plant profile and project report.
Bruch said his company is "well positioned" in gas-turbine development, which he attributed to the growth in demand from data centers: "Don't forget that is the biggest market potential at the moment."
Maria Ferraro, the chief financial officer of Siemens Energy, noted in the earnings call that the company's fiscal first quarter was "characterized by a strong market for gas turbines greater than 10 megawatts," with the largest markets in the U.S. and Middle East. Ferraro noted the company booked 24 gas turbines greater than 10 megawatts (MW) during the quarter, comprising four large gas turbines and 20 industrial gas turbines.
Canada is another major customer for Siemens Energy, which is providing its SGT6-5000F gas turbine and SST-900 steam turbine generator to SaskPower's (Regina, Saskatchewan) US$1 billion Aspen Power Station in Lanigan, Saskatchewan. The 370-MW, combined-cycle plant began construction in the spring of 2024. Subscribers can learn more from a detailed plant profile and project report.
While the U.S. offshore wind market is in decline amid pushbacks from the Trump administration, Canada is one of many countries where Siemens is picking up business for its offshore wind turbines. The company is providing its SG 5.0-145 generators to Capstone Infrastructure Corporation's (Toronto, Ontario) US$300 million Wild Rose II Windfarm in Irvine, Alberta, which is expected to generate 190 MW following its completion this spring. Subscribers can learn more from a detailed plant profile and project report.
Siemens Energy also expects to see stronger demand for its smaller-scale products, such as the low-voltage switchgear that controls and protects electrical systems across multiple industries. Last year, Siemens started construction on a $64 million renovation of its switchgear-manufacturing plant in Fort Worth, Texas. The refurbished facility will cater to the North American market. Subscribers can learn more from a detailed plant profile and project report.
"The current global demand for low-voltage switchgear has skyrocketed, in part due to increased construction, expansion of manufacturing operations and growing use of sustainable energy," Siemens Energy said in a tax-abatement filing with Texas' Tarrant County. "These factors are predicted to drive significant continued demand over the next 10 years."
The electric vehicle (EV) market is another customer for the company's products. Later this summer, Siemens expects to finish construction on a $41 million manufacturing plant for industrial electrical equipment in Pomona, California. The facility is designed to produce low-voltage electrical equipment used for industrial and commercial users, including EVs. Subscribers can learn more from a detailed plant profile and project report.
Burch said Siemens Energy's order backlog totaled €131 billion (US$137.23 billion) at the end of its fiscal first-quarter 2025, a company record. The company plans to invest €2 billion (US$2.1 billion) throughout the full fiscal year to support growth. Revenues for the quarter reached €8.9 billion (US$9.31 billion), driven by growth across all businesses, including a 24% growth in its Grid Technologies segment.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for active and proposed projects from or featuring Siemens Energy.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing the top parent companies for U.S. and Canadian projects featuring Siemens Energy's services, by total investment value."The underlying trends remain strong, and we see our customers are looking to secure as much capacity as possible, given strong growth in electricity consumption and the build-out of data center capacity," said Christian Bruch, the chief executive officer of Siemens Energy, in a recent quarterly earnings-related conference call. "At this point, we already have secured a project volume of around 20 gigawatts in gas, which we expect to convert into orders in fiscal-year 2025 and fiscal-year 2026."
Last month, Siemens Energy started engineering work for a $149.9 million expansion of its manufacturing plant for steam gas turbines and generators in Charlotte, North Carolina. The company is more than doubling the facility's size and renovating its existing space to increase its production of large transformers. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Plant and Project databases can learn more from a detailed plant profile and project report.
Bruch said his company is "well positioned" in gas-turbine development, which he attributed to the growth in demand from data centers: "Don't forget that is the biggest market potential at the moment."
Maria Ferraro, the chief financial officer of Siemens Energy, noted in the earnings call that the company's fiscal first quarter was "characterized by a strong market for gas turbines greater than 10 megawatts," with the largest markets in the U.S. and Middle East. Ferraro noted the company booked 24 gas turbines greater than 10 megawatts (MW) during the quarter, comprising four large gas turbines and 20 industrial gas turbines.
Canada is another major customer for Siemens Energy, which is providing its SGT6-5000F gas turbine and SST-900 steam turbine generator to SaskPower's (Regina, Saskatchewan) US$1 billion Aspen Power Station in Lanigan, Saskatchewan. The 370-MW, combined-cycle plant began construction in the spring of 2024. Subscribers can learn more from a detailed plant profile and project report.
While the U.S. offshore wind market is in decline amid pushbacks from the Trump administration, Canada is one of many countries where Siemens is picking up business for its offshore wind turbines. The company is providing its SG 5.0-145 generators to Capstone Infrastructure Corporation's (Toronto, Ontario) US$300 million Wild Rose II Windfarm in Irvine, Alberta, which is expected to generate 190 MW following its completion this spring. Subscribers can learn more from a detailed plant profile and project report.
Siemens Energy also expects to see stronger demand for its smaller-scale products, such as the low-voltage switchgear that controls and protects electrical systems across multiple industries. Last year, Siemens started construction on a $64 million renovation of its switchgear-manufacturing plant in Fort Worth, Texas. The refurbished facility will cater to the North American market. Subscribers can learn more from a detailed plant profile and project report.
"The current global demand for low-voltage switchgear has skyrocketed, in part due to increased construction, expansion of manufacturing operations and growing use of sustainable energy," Siemens Energy said in a tax-abatement filing with Texas' Tarrant County. "These factors are predicted to drive significant continued demand over the next 10 years."
The electric vehicle (EV) market is another customer for the company's products. Later this summer, Siemens expects to finish construction on a $41 million manufacturing plant for industrial electrical equipment in Pomona, California. The facility is designed to produce low-voltage electrical equipment used for industrial and commercial users, including EVs. Subscribers can learn more from a detailed plant profile and project report.
Burch said Siemens Energy's order backlog totaled €131 billion (US$137.23 billion) at the end of its fiscal first-quarter 2025, a company record. The company plans to invest €2 billion (US$2.1 billion) throughout the full fiscal year to support growth. Revenues for the quarter reached €8.9 billion (US$9.31 billion), driven by growth across all businesses, including a 24% growth in its Grid Technologies segment.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for active and proposed projects from or featuring Siemens Energy.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
