Siemens Energy Is on the Right Track: CEO

The video discusses Siemens Energy's progress and challenges in 2021, focusing on the energy value chain from conventional to renewables. It highlights issues in the renewable sector, particularly with Siemens Gamesa, and the need for flexible pricing to reflect rising material costs. The discussion also covers the importance of a diverse energy portfolio, including natural gas as a bridge to reduce CO2 emissions, and the company's commitment to sustainable energy transformation.

What was a key focus for the company in 2021?

• Increasing coal production

• Restructuring and cost-effectiveness

• Reducing workforce

• Expanding into new markets

What is the primary concern with Siemens Gamesa?

• Overproduction

• Excessive profits

• Operational problems

• Lack of innovation

What industry-wide issue is affecting the renewable sector?

• Excessive government regulation

• Mismatch between material costs and power prices

• Lack of skilled labor

• Over-reliance on fossil fuels

What is suggested as a solution to the pricing issue in renewables?

• Decreasing production

• Implementing flexible contracts

• Increasing power prices

• Reducing material costs

What role does natural gas play in the company's energy strategy?

• A replacement for renewables

• An interim solution

• A permanent solution

• A non-essential component

Why is the company moving away from coal?

• To focus on nuclear energy

• To reduce CO2 emissions

• To comply with government mandates

• To increase profits

What percentage of the company's revenue comes from sustainable sources?

• 25%

• 100%

• 50%

• 75%