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Siemens Energy Reports Order Surge Driven by Data Center Power Demand

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Siemens Energy said orders rose, helped by investor demand for data centers supporting AI. The firm’s gas business recorded its highest-ever order intake in the fiscal first quarter, putting the company on track for higher revenue, as profit more than doubled to €1 billion. Germany accounted for 40% of gas turbine orders, while Siemens Gamesa wind orders fell 34% after a very strong prior year.

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