The Changing Times: Siemens to Stop Nuclear and Focus on Renewables

As a sign of changing times, Siemens, Europe’s largest engineering companywill stop investing in nuclear power and will start focusing on renewables. Renewables are renewable energy that is generated from a natural source. A natural source can include wind, sunlight, or rain. The change was influenced by Siemens’ rapidly growing clean energy division.

The change also ends Siemens’ upcoming project with a Russian power company. ”The chapter for us is closed,” Peter Löscher, the chief executive of Siemens said in a recent interview.

We look forward to seeing the impact and progress of Siemens’ decision.

Stay Innovative. Professional. Nimble.

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