Siemens Energy said on Wednesday that due to favorable demand for gas turbines driven by the expansion of artificial intelligence data centers in the US and the construction of power plants in the Middle East, the company's sales, profit margin and order volume all hit record highs in the third quarter. Siemens Energy said that the Siemens Gamesa business division, which has been dragging down the German group for a long time, has achieved its first quarterly operating profit in nearly four years by reducing costs and increasing capacity utilization. Christian Bruch, CEO of Siemens Energy, said in a statement: “The wind power business was profitable for the first time in a single quarter since 2022, which is an outstanding achievement for the team.” Driven by a surge in demand for gas turbines and power grid equipment that supports the operation of artificial intelligence technology data centers, the stock prices of Siemens Energy and its US competitor General Electric Vernova have both risen nearly seven times over the past two years. Furthermore, the Iran conflict has boosted demand from Middle Eastern governments to purchase power equipment. The conflict revealed the fragility of energy infrastructure, and countries are desperate to guarantee electricity supply.

Siemens Energy said on Wednesday that due to favorable demand for gas turbines driven by the expansion of artificial intelligence data centers in the US and the construction of power plants in the Middle East, the company's sales, profit margin and order volume all hit record highs in the third quarter. Siemens Energy said that the Siemens Gamesa business division, which has been dragging down the German group for a long time, has achieved its first quarterly operating profit in nearly four years by reducing costs and increasing capacity utilization. Christian Bruch, CEO of Siemens Energy, said in a statement: “The wind power business was profitable for the first time in a single quarter since 2022, which is an outstanding achievement for the team.” Driven by a surge in demand for gas turbines and power grid equipment that supports the operation of artificial intelligence technology data centers, the stock prices of Siemens Energy and its US competitor General Electric Vernova have both risen nearly seven times over the past two years. Furthermore, the Iran conflict has boosted demand from Middle Eastern governments to purchase power equipment. The conflict revealed the fragility of energy infrastructure, and countries are desperate to guarantee electricity supply.