Siemens Energy Prioritizes Grid Business With $1.6 Billion Investment

Siemens Energy is prioritizing its grid expansion business over wind power, allocating some $1.6 billion (1.5 billion euro) in investments over the next six years, the Financial Times has reported. The six-year expansion plan will require a major boost to the company’s workforce with 10,000 new hires planned, the Financial Times reported.

Grid upgrades and expansion are a top priority for transition-focused governments given the fact that electrification is at the heart of said transition. Yet grid expansion is a massive undertaking…