{"id":67084,"date":"2026-08-05T09:47:08","date_gmt":"2026-08-05T09:47:08","guid":{"rendered":"https:\/\/www.europesays.com\/germany\/67084\/"},"modified":"2026-08-05T09:47:08","modified_gmt":"2026-08-05T09:47:08","slug":"siemens-energy-triples-profit-as-ai-boosts-power-demand","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/germany\/67084\/","title":{"rendered":"Siemens Energy triples profit as AI boosts power demand"},"content":{"rendered":"<p><img fetchpriority=\"high\" alt=\"EPA Images pic)\" loading=\"eager\" width=\"912\" height=\"570\" decoding=\"async\" data-nimg=\"1\" class=\"html-img h-auto w-full\" style=\"color:transparent\"   src=\"https:\/\/www.europesays.com\/germany\/wp-content\/uploads\/2026\/08\/dd0932cc-11826362_1600x1000_1.webp\"\/>Siemens Energy shares rose 3.7% in early Frankfurt trading and have gained around 15-fold since 2023. (EPA Images pic)<br \/>\nFRANKFURT: German turbine-maker Siemens Energy said today that its core profit had tripled as the company gains from surging electricity demand driven by the AI boom.<\/p>\n<p class=\"py-1.5 mb-4 text-lg\">Excluding one-offs such as last year\u2019s sale of a business in India, Siemens Energy\u2019s profit surged to \u20ac1.62 billion (US$1.87 billion) in the three months to end-June, up from \u20ac497 million in the period last year.<\/p>\n<p class=\"py-1.5 mb-4 text-lg\">Order intake \u2013 a measure of future sales \u2013 rose 8.5% to almost \u20ac18 billion for the quarter, the company said, leaving it with a total backlog of work worth \u20ac162 billion.<\/p>\n<p class=\"py-1.5 mb-4 text-lg\">\u201cGlobal demand for electricity \u2013 and consequently for our products \u2013 remained strong,\u201d chief executive Christian Bruch said in a statement. \u201cWe delivered record orders, revenue, and profitability,\u201d Bruch said.<\/p>\n<p class=\"py-1.5 mb-4 text-lg\">Electricity consumption at US data centres is projected to more than triple by 2035, according to the International Energy Agency, and already accounts for 6% to 8% of US electricity use.<\/p>\n<p class=\"py-1.5 mb-4 text-lg\">The massive build-out has boosted suppliers like Siemens Energy as well as German semiconductor-maker Infineon, which announced alongside its own results Wednesday the signature of contracts worth billions of euros with data centre customers.<\/p>\n<p class=\"py-1.5 mb-4 text-lg\">Order growth was highest at Siemens Energy\u2019s Gas Services division, which makes the gas turbines, where orders jumped 62%.<\/p>\n<p class=\"py-1.5 mb-4 text-lg\">Siemens Energy shares were up 3.7% in early Frankfurt trading and are up around 15-fold since 2023, when the German government had to step in with credit guarantees after quality problems at the company\u2019s wind-turbine unit.<\/p>\n","protected":false},"excerpt":{"rendered":"Siemens Energy shares rose 3.7% in early Frankfurt trading and have gained around 15-fold since 2023. (EPA Images&hellip;\n","protected":false},"author":2,"featured_media":67085,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21002],"tags":[6409,44351,1646,76,6487,3844],"class_list":["post-67084","post","type-post","status-publish","format-standard","has-post-thumbnail","category-siemens","tag-ai","tag-christian-bruch","tag-energy","tag-german","tag-siemens","tag-siemens-energy"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/67084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=67084"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/67084\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/67085"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=67084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=67084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=67084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}