Siemens Energy CEO: Supply Chain Management a Key Focus

The transcript discusses the challenges and opportunities faced by a wind turbine company, including quality issues, inflation, and supply chain management. It highlights the impact of the Inflation Reduction Act on investments and the need for contract renegotiations. The company is optimistic about future profitability and market conditions, with a focus on stabilizing new units and improving contract terms.

What was one of the main reasons for the increased costs in the wind turbine business?

• Lower sales prices

• Improved contract terms

• Decreased demand for wind turbines

• Higher failure rates in the installed fleet

What is the expected timeline for Siemens Gamesa to return to profitability?

• 2023

• 2026

• 2024

• 2025

What is a key focus area for the company in 2023 to ensure success?

• Marketing strategies

• Supply chain management

• Product innovation

• Customer service

Which act in the United States is influencing investment decisions in the wind industry?

• Green New Deal

• Inflation Reduction Act

• Clean Energy Act

• Renewable Energy Act

What are the three areas of interest for potential capacity expansion in the US?

• Grids, nuclear, and solar

• Hydrogen, solar, and biomass

• Wind, hydrogen, and grids

• Wind, solar, and nuclear

What is a significant challenge for the wind industry in Europe in response to the Inflation Reduction Act?

• Lack of technology

• Limited market demand

• High labor costs

• Slow deployment of programs

How does the Inflation Reduction Act benefit investment planning?

• It is temporary and unclear

• It is unpredictable and partisan

• It is long-term and bipartisan

• It is short-term and complex