DAVOS, Switzerland, Jan 22 (Reuters) - Siemens Energy
sees a "massive tailwind" from Donald Trump's power strategy,
its chairperson said on Wednesday, after the new U.S. president
announced up to $500 billion of private sector investment to
fund infrastructure for artificial intelligence.
Joe Kaeser, who chairs Siemens Energy's supervisory board,
said the power equipment maker was "in the sweet spot" with
regard to its presence in the United States.
On the sidelines of the World Economic Forum annual meeting
in Davos, Switzerland, Kaeser said the rise in demand for data
centres, which are key to AI technology, as well as the reliable
energy capacity needed to power them, had "brought a boom to all
energy companies, which is second to none".
Shares in Siemens Energy, which makes everything from gas
and wind turbines to power network equipment and transmission
technology, hit a fresh record following the comments and were
the top gainers among German blue-chips, up more than 9%.
Trump late on Tuesday announced the investment of up to
$500 billion, fuelling hopes that providers of energy network
equipment will benefit from the boom in the power-hungry AI
sector.
"I think the new administration has made it very clear that
this is the new energy age," Kaeser said, adding this would play
into Siemens Energy's hands and that the next 5-10 years would
be a very good time to be based in the U.S. market.
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