As a global leader in wind turbines, utility scale gas turbines and grid transmission equipment, Siemens Energy is at the forefront of the transition to net zero and provides investors one of the most well-rounded decarbonisation exposures.
In this podcast episode, Alison Savas is joined by Siemens Energy CEO, Dr Christian Bruch.
Dr Bruch shares unique perspectives into the challenges the world faces in the energy transition. Some of the numbers he discusses are so large it’s hard to get your head around them. For example, Dr Bruch explains that the annual installation of offshore wind turbines needs to increase by 7-8x to meet 2030 targets.
Similarly, the annual investment in the grid in the EU needs to at least double by 2030 as the grid needs to be rebuilt and extended to distribute renewables.
Dr Bruch also provides insight into how Siemens Energy is positioned within this generational investment cycle and how the business can deliver meaningful top line growth and a substantial profit swing over the coming years.
Key times:
- The net zero ‘trilemma’ & are the targets achievable? – 02:40
- The critical role of wind energy – 06:00
- Bottlenecks in delivering sufficient offshore wind infrastructure – 12:10
- Profitability of wind projects – 18:20
- The role of gas in decarbonisation – 27:30
- The enormity of the energy grid investment required to facilitate net zero targets – 31:00
*Individual stock commentary is illustrative only and not a recommendation to buy, hold, or sell any security.
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