Siemens Gas & Power CEO Sees Opportunities in Power Plants

The video discusses the importance of independence in business, focusing on a company's plans to become a leader in the energy sector. It highlights the challenges of margin compression in a competitive market and details ongoing energy projects in Iraq, emphasizing collaboration over competition. The video also explores growth opportunities in decarbonization and new energy technologies.

What is the primary focus of the new energy company being created?

• To focus solely on renewable energy

• To dominate the global energy market

• To operate independently across various energy sectors

• To merge with other energy companies

What has been a significant challenge in the energy market over the past few years?

• Margin compression due to excess supply and lower demand

• Increasing demand and low supply

• Lack of competition

• High profitability and growth

What is the company's approach to the energy projects in Iraq?

• To focus only on renewable energy projects

• To withdraw from the Iraqi market

• To compete aggressively with GE

• To collaborate with local ministries and improve the energy system

What is the company's strategy for future growth in the energy sector?

• To expand only in the local market

• To focus on traditional energy sources

• To decarbonize the energy system and introduce new technologies

• To reduce investment in new technologies

How does the company plan to address the needs of its existing customers?

• By focusing solely on new customer acquisition

• By improving the performance of existing assets and introducing new technologies

• By ignoring existing assets and focusing on new technologies

• By selling off existing assets