Siemens Energy Reports Order Surge Driven by Data Center Power Demand
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.