Italo orders Siemens high-speed trains for 3 billion euros

Italian rail operator Italo has ordered 26 high-speed trains from Siemens Mobility for three billion euros. The company plans to enter Germany's long-distance rail market from 2028.

Italian rail operator Italo has ordered 26 high-speed trains from Siemens Mobility for three billion euros. The company plans to enter Germany's long-distance rail market from 2028.

The Neptun Werft in Rostock-Warnemünde, together with Siemens Energy, has landed a billion-euro order for an offshore converter platform. According to Handelsblatt, grid operator 50Hertz awarded the contract worth 2.5 billion euros.

Christian Bruch, CEO of Siemens Energy, warns that Germany risks losing its competitive edge in building data centers, with consequences for national prosperity. He calls for rapid expansion of digital infrastructure.

According to the Süddeutsche Zeitung, the world continues to rely on natural gas despite the Iran war – and Siemens Energy supplies the technology. The company is benefiting enormously, but must transport its turbines through the Saudi desert.

Siemens Energy's stock has fallen from a record high in April, as reported by the FAZ. Nevertheless, the group sees its wind power subsidiary Siemens Gamesa on a promising path.

Siemens experienced an 8 percent drop in profits in the second quarter, yet maintained stable revenue and increased order intake.