Siemens Energy plans to expand its electricity grid business and create thousands of new jobs
Siemens Energy, the energy technology conglomerate, plans to expand its power grid business and create thousands of new jobs in the coming years. "We will see investments in the grid on a scale comparable to the last 150 years worldwide in the next 15 years," explained Tim Holt, responsible for the Grid Technologies division, on Tuesday.
"We want to participate in this boom and therefore plan to invest a total of 1.2 billion Euros by 2030 and create around 10,000 jobs." The jobs in Europe are expected to be created in Germany, Britain, Austria, Croatia, and to a lesser extent in Romania.
Holt first spoke about the plans with the "Financial Times" (FT). "We see this enormous boom coming," he told the paper and referred to the rising demand for electricity and aging infrastructure. "It has already begun to pick up speed," emphasized the manager. The division has already more than doubled its orders from 2021 to 2023 from seven billion Euros to 15 billion Euros. In the first half of 2024, orders worth 12 billion Euros have already been received. The Siemens Energy group employs around 99,000 employees worldwide.
Siemens Energy, currently planning to expand their Electricity grid business, aims to invest 1.2 billion Euros by 2030, which will result in the creation of around 10,000 new jobs. This expansion is driven by the rising demand for Energy and the aging infrastructure in the Electricity grid business, as mentioned by Tim Holt, who is responsible for the Grid Technologies division. Siemens Energy, a global energy technology conglomerate, has already seen a significant boost in its Grid Technologies division, with orders increasing from 7 billion Euros in 2021 to 15 billion Euros in 2023.
