Siemens job cuts are consequence of global energy transition
The huge gas turbines Siemens makes are models destined for phase-out, writes Markus Balser in the Süddeutsche Zeitung. “Electricity is no longer produced in a few large power plants, but in many places. An ever-increasing number of households are turning from consumers into producers, who feed the grid with power generated with solar cells or small block heating stations. Today, they can even store it in the cellar,” he says.
Read the article in German here.