Siemens Energy AG (Siemens Energy) is engaged in the energy technology and service value chain, offering a broad range of products, solutions, and services. The company focuses on both conventional and renewable energy sources, aiming to meet the growing energy demand while reducing greenhouse gas emissions. Siemens Energy serves various industries, including utilities, independent power producers, industrial sectors, and data centers, with a global presence that allows it to address customer needs worldwide.

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Siemens Energy focuses its R&D initiatives on developing innovative products, integrated systems, solutions, and services with a strong emphasis on decarbonized energy technologies, service, and new growth fields. The company aims to enhance the efficiency, availability, and flexibility of equipment, reduce greenhouse gas emissions, and increase the use of hydrogen. Key areas include decarbonized heat and industrial processes, carbon and product circularity, resilient grids, and 24/7 carbon-free energy. Siemens Energy AG is also advancing SF6-free high-voltage switchgear, gas turbine technology for hydrogen operation, and low-emission industrial process heating. The company invests in innovative materials, advanced manufacturing methods, product digitalization, power electronics, and environmentally friendly systems. The R&D unit of Siemens Energy is responsible for steering R&D activities based on a clearly defined strategy. The unit conducts regular reviews of R&D expenses in line with Business Area requirements and focuses on developing the company's portfolio with an emphasis on decarbonized energy technologies and new growth fields. Siemens Energy AG has four global innovation centers located in Berlin, Orlando, Abu Dhabi, and Shenzhen. As of September 30, 2025, the company held approximately 18,800 granted patents worldwide. The company collaborates with various associations and research institutions, including the International Renewable Energy Agency (IRENA), DTU Copenhagen, and the Karlsruhe Institute of Technology, among others. In FY2025, the company spent EUR1,210 million, which as a percentage of revenue stood at 3% and grew 0.1% YoY.