XTRA:SIEIndustrials
Does Siemens (XTRA:SIE) SMR Turbine Deal Hint At A Deeper Automation And Electrification Shift?
Siemens Energy recently secured a contract to build large steam turbines for Rolls-Royce’s small modular nuclear reactors at its Newcastle factory, reviving domestic turbine manufacturing in the UK and adding 550 jobs.
This move links Siemens more closely to the UK’s emerging SMR nuclear supply chain, potentially deepening its role in future clean energy infrastructure projects.
Next, we’ll explore how Siemens Energy’s new UK SMR turbine role may influence Siemens’ longer-term industrial...