X
  • Renewable Power
  • Nuclear Power
  • Thermal Power
Power Gen Advancement
  • Home
  • News
    US Utility Scale Solar Installs 4.4 GW in Q1 2025

    US Utility-Scale Solar Installs 4.4 GW in Q1 2025

    US Solar Electricity Generation

    US Solar Electricity Generation Grows 28% Year-Over-Year

    Caterpillar Unveils Systems

    Caterpillar Unveils Systems for Multiple Power Generation

    Executive Orders to Boost Nuclear Energy

    Executive Orders to Boost Nuclear Power Signed by Trump

    Offshore Wind Capacity in Romania

    Offshore Wind Capacity in Romania to Witness Delimitation

    US Offshore Wind Development

    US Offshore Wind Development – Northeast Region Hit

    National Power Development

    Vietnam Alters its National Power Development Plan VIII

    Effective Battery Storage

    Effective Battery Storage for Sustainable Energy Systems

    Renewable Hydrogen in Spain

    Auction-as-a-Service to Produce Renewable Hydrogen in Spain

  • Market Moves
    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Thermal Energy Storage Market

    Thermal Energy Storage Market Growth Driven by Clean Energy

    Offshore Wind Turbine Market

    Offshore Wind Turbine Market to Hit $39.2 Billion by 2031

    Gen AI Drone

    Gen AI & Drone Assets Transforming Energy & Utilities Sector

    Electricity Grid in UK

    How Electricity Grid in the UK is Witnessing Transformation

    UK Battery Storage

    The Evolving UK Battery Energy Storage Systems Market

    Hydrogen Fueling Station Market to Reach $2.88B by 2030

    Hydrogen Industry to Grow 10.4% CAGR, Hit $47.83B by 2034

    Hydrogen Fuel Cells Market to Reach $5.9 Billion by 2031

  • Press Statements
    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Energy Evolution Conference 2026

    Energy Evolution Conference 2026: Shaping the Future of Renewable Energy in Dubai

    Eaton-announces-breakthrough

    Eaton announces breakthrough, AI-powered innovation to help utilities strengthen wildfire prevention efforts

    First-Digital-Twin

    ETAP and Schneider Electric Unveil Worlds First Digital Twin to Simulate AI Factory Power Requirements from Grid to Chip Level Using NVIDIA Omniverse

    E-world 2025 has started with record participation

    Houston to host key hydrogen summit as industry faces new political landscape

    Day 1, ADIPEC 2024: Global Ministers and CEOs Call for Accelerated Innovation and Collaboration to Fast-Track Energy Transformation

    Harnessing hydrogen to power HGVs

    Stabilising the renewable energy grid

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
  • Home
  • News
    US Utility Scale Solar Installs 4.4 GW in Q1 2025

    US Utility-Scale Solar Installs 4.4 GW in Q1 2025

    US Solar Electricity Generation

    US Solar Electricity Generation Grows 28% Year-Over-Year

    Caterpillar Unveils Systems

    Caterpillar Unveils Systems for Multiple Power Generation

    Executive Orders to Boost Nuclear Energy

    Executive Orders to Boost Nuclear Power Signed by Trump

    Offshore Wind Capacity in Romania

    Offshore Wind Capacity in Romania to Witness Delimitation

    US Offshore Wind Development

    US Offshore Wind Development – Northeast Region Hit

    National Power Development

    Vietnam Alters its National Power Development Plan VIII

    Effective Battery Storage

    Effective Battery Storage for Sustainable Energy Systems

    Renewable Hydrogen in Spain

    Auction-as-a-Service to Produce Renewable Hydrogen in Spain

  • Market Moves
    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Thermal Energy Storage Market

    Thermal Energy Storage Market Growth Driven by Clean Energy

    Offshore Wind Turbine Market

    Offshore Wind Turbine Market to Hit $39.2 Billion by 2031

    Gen AI Drone

    Gen AI & Drone Assets Transforming Energy & Utilities Sector

    Electricity Grid in UK

    How Electricity Grid in the UK is Witnessing Transformation

    UK Battery Storage

    The Evolving UK Battery Energy Storage Systems Market

    Hydrogen Fueling Station Market to Reach $2.88B by 2030

    Hydrogen Industry to Grow 10.4% CAGR, Hit $47.83B by 2034

    Hydrogen Fuel Cells Market to Reach $5.9 Billion by 2031

  • Press Statements
    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Energy Evolution Conference 2026

    Energy Evolution Conference 2026: Shaping the Future of Renewable Energy in Dubai

    Eaton-announces-breakthrough

    Eaton announces breakthrough, AI-powered innovation to help utilities strengthen wildfire prevention efforts

    First-Digital-Twin

    ETAP and Schneider Electric Unveil Worlds First Digital Twin to Simulate AI Factory Power Requirements from Grid to Chip Level Using NVIDIA Omniverse

    E-world 2025 has started with record participation

    Houston to host key hydrogen summit as industry faces new political landscape

    Day 1, ADIPEC 2024: Global Ministers and CEOs Call for Accelerated Innovation and Collaboration to Fast-Track Energy Transformation

    Harnessing hydrogen to power HGVs

    Stabilising the renewable energy grid

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
Power Gen Advancement
No Result
View All Result
Home America

Siemens Gas and Power continues focus on productivity and competitiveness

in America, News
Siemens' Gas and Power

Siemens informed its employee representatives about further planned measures for strengthening the productivity and competitiveness of Siemens’ Gas and Power (GP) Operating Company for the long term. “Our new Gas and Power Operating Company setup has created synergies that better enable our company to deliver competitive performance in the midst of structural change in our industry.

The planned measures will help us create more opportunity for growth and the security that comes from being a competitive player in the energy market,” said Lisa Davis, member of the Managing Board of Siemens AG and CEO of Gas and Power.

At its Capital Market Day on May 8, Siemens announced that, against the backdrop of a challenging market environment, GP will – in addition to ongoing programs – require further savings of €500 million in order to significantly improve its cost competitiveness. The additional savings will be enabled by the new setup of the GP Operating Company. Merging and rightsizing the different businesses will save €200 million. A further €100 million will result from the new regional setup. And the remaining €200 million will be achieved by optimizing support functions.

The plans, as they have now been presented, call for reducing approximately 2,700 jobs worldwide over the course of several years. Around 1,400 of these jobs are in Germany. Siemens will now begin consultations with the relevant employee representatives and then implement the planned measures, including requalification programs in the wake of the structural transformation of the industry, in a way that is socially responsible.

As Siemens also highlighted at its Capital Market Day, the growth-oriented Vision 2020+ strategy concept will also be reflected in workforce development. Taking into account the efficiency-related workforce adjustments across all areas, including today’s adjustments at GP, there will, accordingly, be a net increase of around 10,000 jobs worldwide within the same time period.

Since last years’ reconciliation of interests with employee representatives focused on the power generation business (Power and Gas), the new measures primarily address the EPC projects business as well as the power transmission products and systems business. For the EPC projects business, measures are required in order to reduce costs, adjust to the declining numbers of major projects and enable the business to be more selective in the market, finding the right balance between volume and margin. For the power transmission products business, the markets for transformers and switching technology are burdened by excess capacities, requiring measures for optimizing cost structures and capacities at all locations. Doing so will help preserve the competitiveness of these locations. In addition, across the GP Operating Company, bundling and optimization has reduced the need for some of the services provided by support functions.

Siemens Gas and Power (GP) is a global pacesetter in energy, helping customers to meet the evolving demands of today’s industries and societies. GP comprises broad competencies across the entire energy value chain and offers a uniquely comprehensive portfolio for utilities, independent power producers, transmission system operators and the oil and gas industry. Products, solutions and services address the extraction, processing and the transport of oil and gas as well as power generation in central and distributed thermal power plants and power transmission in grids. With global headquarters in Houston in the U.S. and more than 64,000 employees in over 80 countries, Siemens Gas and Power has a presence across the globe and is a leading innovator for the energy systems of today and tomorrow, as it has been for more than 150 years.

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries.

Through the separately managed company Siemens Mobility, a leading supplier of smart mobility solutions for rail and road transport, Siemens is shaping the world market for passenger and freight services. Due to its majority stakes in the publicly listed companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy, Siemens is also a world-leading supplier of medical technology and digital healthcare services as well as environmentally friendly solutions for onshore and offshore wind power generation. In fiscal 2018, which ended on September 30, 2018, Siemens generated revenue of €83.0 billion and net income of €6.1 billion. At the end of September 2018, the company had around 379,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter Risks in the Annual Report.

Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

Previous Post

ACCIONA starts construction work on its third photovoltaic plant in Chile

Next Post

ABB wins transformer order for off-shore wind project in North Sea

Related Posts

US Utility Scale Solar Installs 4.4 GW in Q1 2025
America

US Utility-Scale Solar Installs 4.4 GW in Q1 2025

June 3, 2025
US Solar Electricity Generation
News

US Solar Electricity Generation Grows 28% Year-Over-Year

June 3, 2025
Offshore Wind Turbine Market
Africa

Offshore Wind Turbine Market to Hit $39.2 Billion by 2031

May 29, 2025
Caterpillar Unveils Systems
News

Caterpillar Unveils Systems for Multiple Power Generation

May 26, 2025
Executive Orders to Boost Nuclear Energy
News

Executive Orders to Boost Nuclear Power Signed by Trump

May 26, 2025
Offshore Wind Capacity in Romania
News

Offshore Wind Capacity in Romania to Witness Delimitation

May 26, 2025
Next Post
ABB MHI Vestas Offshore Wind

ABB wins transformer order for off-shore wind project in North Sea

LatestNews

US Utility Scale Solar Installs 4.4 GW in Q1 2025
America

US Utility-Scale Solar Installs 4.4 GW in Q1 2025

June 3, 2025
US Solar Electricity Generation
News

US Solar Electricity Generation Grows 28% Year-Over-Year

June 3, 2025
Caterpillar Unveils Systems
News

Caterpillar Unveils Systems for Multiple Power Generation

May 26, 2025
Executive Orders to Boost Nuclear Energy
News

Executive Orders to Boost Nuclear Power Signed by Trump

May 26, 2025
Offshore Wind Capacity in Romania
News

Offshore Wind Capacity in Romania to Witness Delimitation

May 26, 2025
US Offshore Wind Development
News

US Offshore Wind Development – Northeast Region Hit

May 19, 2025
Power Gen Advancement

About Us

Power Generation Advancement is a leading information centric website providing latest up to date information and happenings within the industry. The website is sub divided into 3 sectors updating the latest news and developments about Power Generation industry through Renewable Energy, Nuclear Energy, Thermal Energy sources. Power Generation Advancement runs with an objective to provide a one stop knowledge driven content to our reader and subscribers in various forms like news, projects, upcoming events.

Subscribe Us

Resources

  • Advertise with us
  • Our Services
  • Contact Us
  • Download Mediapack
  • Newsletter Archive

System

  • Search
  • Sitemap
  • RSS Feed

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Market Moves
  • Press Statements
  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In