Siemens Energy will spin off its Transformation of Industry unit—including its Berlin-based electrolyzer business—to external investors, sharpening its focus on grids and retaining a minority stake in the hydrogen venture.
So, what happens when a big player in the energy tech scene decides to run its hydrogen business as a separate venture? Well, that’s exactly what Siemens Energy is diving into! They recently announced plans to spin off their Transformation of Industry division, which includes their electrolyzer operations. This isn’t just a casual decision; it shows their commitment to green hydrogen production while they shift their focus back to grids and power generation.
A Strategic Carve-Out
The big news here is that Siemens is creating a standalone company that will house not only steam turbines and compressors but also PEM…
