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Siemens Energy in 'sweet spot' with regard to U.S. presence, chairperson says
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Siemens Energy in 'sweet spot' with regard to U.S. presence, chairperson says
Jan 22, 2025 2:18 AM

DAVOS, Switzerland, Jan 22 (Reuters) - Siemens Energy is

banking on a $500 billion private sector investment to fund

infrastructure for artificial intelligence in the United States,

its chairperson said on Wednesday, adding the power equipment

maker was "in the sweet spot" with regard to its local presence.

Joe Kaeser, who chairs Siemens Energy's supervisory board,

sees "massive tailwind" from President Donald Trump's recently

announced power strategy, he said on the sidelines of the World

Economic Forum (WEF) annual meeting in Davos, Switzerland.

Siemens Energy makes everything from gas and wind turbines

to power network equipment and transmission technology.

(Join GMF, a chat room hosted on LSEG Messenger, for live

interviews: https://lseg.group/4ajdDTy)

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