Hydrogen will be a future “bucket of cash” for Siemens Energy but will only start earning money for the company in the medium-term, said the newly-formed company’s CEO as he also predicted an important role for wind unit Siemens Gamesa Renewable Energy in its future plans for H2.
Christian Bruch, who took the helm at the energy-focused spin-off of German industrial giant Siemens ahead of a stock market listing later in September, said Siemens Energy was well placed to play a big part in the emerging hydrogen economy, with interests spanning electrolyser technology, conventional gas turbines that can be adapted to burn H2, and renewable power generation.
