Siemens Energy CEO on Renewables, Cost Cuts, Restructuring

The transcript discusses a company's strategic shift from coal-fired power plants to renewable energy sources. The company aims to stop bidding for new coal projects and focus on renewables and transmission technologies. This transition will be gradual, considering existing commitments and partnerships. Financial implications are still being assessed, but the company does not foresee changes to its current guidance. The impact of the US administration's focus on climate change is also considered, with expectations of continued growth in renewables regardless of political changes.

What is the current revenue stream composition of the company in terms of renewables and transmission technologies?

What challenges does the company foresee in its transition to a more sustainable energy portfolio?