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40 min ago 2 min read
Siemens Energy is to spin off its Transformation of Industry business into a stand-alone company.
The move aims to provide the division with greater flexibility and additional options for further growth – ranging from bringing in external investors to a potential capital markets transaction. Siemens Energy intends to deconsolidate the business while retaining a minority stake to support its development.
Transformation of Industry largely serves different markets than the rest of Siemens Energy. These markets – oil & gas, chemicals, process industries, paper, cement and maritime – are often faster-moving, more transactional and shaped by different customer needs. “As a standalone entity, the business would be better positioned to respond at the pace these markets require,” it said, in a statement.
Its portfolio covers a broad range of technologies including industrial steam turbines, compressors, electrolysers for hydrogen production, generators and motors, as well as maritime and subsea technologies, among others. In fiscal year 2025, it generated revenue of €5.7bn ($6.6bn).
Christian Bruch, President and CEO of Siemens Energy, said, “If we don’t change our structure, we limit what Transformation of Industry can achieve. Our current investment focus is on power generation and power transmission, with higher immediate payback.”
Transformation of Industry seeks to capitalise on long-term growth trends such as energy efficiency and affordability, industrial electrification, decarbonisation, digitalisation and rising demand for security of supply.
All 100MW of electrolysers have been delivered to the , as it targets operation in 2027. Siemens Energy announced the delivery of the final PEM electrolyser unit to the former coal-fired power plant site in Moorburg.
