Increasing pressure on power grids due to the proliferation of data centers and global digitalization has pushed demand for gas turbines to historic levels. Siemens Energy confirmed in its recent financial report that, during the first quarter of its fiscal year 2026, it recorded an unprecedented order volume: more than 100 gas turbines sold, with 40% coming from the United States and another 35% from Europe.
Record turbine orders and network growth
The German company reported a quarterly net profit of EUR 746 million, almost three times higher than in the same period of the previous year. Its order backlog reached 17.6 billion euros, driven by high demand for generation and transmission solutions. Siemens Energy noted that a large part of these orders is directly related to the growth of infrastructure for artificial intelligence, a trend that is consolidating as a key driver of the electricity sector.
Gas turbines have become an essential pillar to meet today’s firm energy needs. Siemens indicated that it is already working on delivery dates for 2029 and 2030, due to the high volume of requests. In parallel, its network technology division also experienced remarkable growth, with significant orders coming from the United States linked to data centers.
In contrast to the performance of other divisions, Siemens Gamesa’s wind power unit remains in negative numbers, albeit with a year-on-year improvement. Operating losses narrowed from 374 million to 46 million euros, and the company says its stabilization plan remains on track. Demand for renewable energiesThe demand for renewable energies, although present, has not yet been able to keep pace with new technological demands.
Investment strategy and projections
As part of its long-term strategy, Siemens Energy announced a US$1 billion investment to expand its production capacity in grids and turbines, especially in the United States. This decision reflects a clear focus on accompanying the energy transition with adaptable, reliable infrastructure and competitive delivery times.
We are in an extremely high demand phase, with orders already scheduled for the next four years.
Said Christian Bruch, CEO of the company,
Siemens Energy maintains its financial outlook for the fiscal year, with particular emphasis on positive cash generation and strengthening its global position in thermal power and grid technologies.
Source: Siemens Energy
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