Siemens Energy Gets State Support, but Losses Continue
Siemens Energy reported annual net losses of $4.98 billion.
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Siemens Energy reported annual net losses of $4.98 billion.
Siemens Energy, in its recently disclosed report for the fourth quarter ending September 30, 2023, revealed a mixed performance
In a year with challenges, the performance and success of 70% of Siemens Energy’s businesses in the fiscal year 2023 were offset by difficulties in the wind business. The wind business remains a major challenge and has led to a net loss in 2023.
Washington Wizards and Capitals owner Ted Leonsis donated $5 million to Bark Tank, the business idea pitch competition at Georgetown University.
WASHINGTON, DC - Renewable energy, led by wind and solar, received $15.6 billion in federal government subsidies in fiscal year 2022, far more than fossil fuels.