Siemens Energy AG is an energy company formed by the spin off of the former Gas and Power division of

Siemens Group Siemens AG ( ) is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe headquartered in Munich with branch offices abroad. The principal divisions of the corporation are ''Industry'', ''E ...

and includes a 92.7% share of

Siemens Gamesa Siemens Gamesa Renewable Energy S.A., formerly Gamesa Corporación Tecnológica S.A. () and Grupo Auxiliar Metalúrgico S.A., is a Spanish-German wind engineering company based in Zamudio, Biscay, Spain. In Spain, the company has two other main ...

. Christian Bruch is CEO and the former CEO of Siemens AG Joe Kaeser is chairman of the supervisory board. At an Extraordinary Shareholders' Meeting of Siemens AG on July 9, 2020, its shareholders approved the split-up of the company. Trading of the shares of the new Siemens Energy AG on the

Frankfurt Stock Exchange The Frankfurt Stock Exchange (german: link=no, Börse Frankfurt, former German name – FWB) is the world's 12th largest stock exchange by market capitalization. It has operations from 8:00 am to 10:00 pm ( German time). Organisation Loca ...

began on September 28.

History

The energy division has been an essential part of the company since the foundation of the group by

Werner von Siemens Ernst Werner Siemens (von Siemens from 1888; ; ; 13 December 1816 – 6 December 1892) was a German electrical engineer, inventor and industrialist. Siemens's name has been adopted as the SI unit of electrical conductance, the siemens. He foun ...

and Johann Georg Halske. Important organizational milestones were the founding of

Siemens-Schuckertwerke Siemens-Schuckert (or Siemens-Schuckertwerke) was a German electrical engineering company headquartered in Berlin, Erlangen and Nuremberg that was incorporated into the Siemens AG in 1966. Siemens Schuckert was founded in 1903 when Siemens & ...

in 1903, the formation of the Power Engineering Division in 1969 in the newly founded Siemens AG, and the bundling of activities in the

Siemens Energy Sector The Siemens Energy Sector was one of the four sectors of German industrial conglomerate Siemens. Founded on January 1, 2009, it generated and delivered power from numerous sources including the extraction, conversion and transport of oil and natu ...

in 2008. Siemens Energy was created as an independent company in April 2020 as a result of a renewed restructuring of the Siemens Group. Siemens transferred its energy division to the new independent company for this purpose.

Products

The Group's product range mainly includes: * Power transmission and distribution (for example, transformers,

switchgear In an electric power system, a switchgear is composed of electrical disconnect switches, fuses or circuit breakers used to control, protect and isolate electrical equipment. Switchgear is used both to de-energize equipment to allow work to be ...

, high-voltage direct-current transmission) * Generators * Power plant technology * Low-voltage switchgear: switchgear for load feeders, components for power distribution, control and signalling devices, complete cubicle systems (

circuit breakers A circuit breaker is an electrical safety device designed to protect an electrical circuit from damage caused by an overcurrent or short circuit. Its basic function is to interrupt current flow to protect equipment and to prevent the risk ...

, etc.) *

Turbines A turbine ( or ) (from the Greek , ''tyrbē'', or Latin ''turbo'', meaning vortex) is a rotary mechanical device that extracts energy from a fluid flow and converts it into useful Work (physics), work. The work produced by a turbine can be used ...

Wind turbines A wind turbine is a device that converts the kinetic energy of wind into electrical energy. Hundreds of thousands of large turbines, in installations known as wind farms, now generate over 650 gigawatts of power, with 60 GW added each year. Wi ...

, steam and gas turbines *

Compressors A compressor is a mechanical device that increases the pressure of a gas by reducing its volume. An air compressor is a specific type of gas compressor. Compressors are similar to pumps: both increase the pressure on a fluid and both can trans ...

References

{{reflist Siemens 2020 establishments in Germany 2020 initial public offerings Companies listed on the Frankfurt Stock Exchange Companies based in Munich Energy companies established in 2020 Energy companies of Germany Electronics companies of Germany Corporate spin-offs Companies formerly in the MDAX