Monday, May 23, 2011

Siemens Opts Out of the Nuclear Energy Business

As recently as yesterday, Siemens' energy business strategy played no favorites. They have a stake in everything from coal to nuclear power plants as well as a thriving renewable energy business.

Over the last few years, however, they've been stepping up their investment in renewable energy on a global basis and today they announced they plan to get out of the nuclear energy business.

We'll see how that plays out but think about it: Siemens is one of the world's largest and most successful companies. They have departments the size of a small company dedicated to rigorous data analysis.

They aren't getting out of nuclear energy and stepping up investment in renewable energy out of the goodness of their hearts, although I'm sure they're all perfectly lovely people. They're doing it because they believe it's a good business decision.

What do you believe?

3 comments:

  1. I think you could also look at it as "risk management." The potential for company-killing liability in the case of even a "small" nuclear plant incident is significant.

    Nuclear is important, but it's a very scary proposition.

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  2. Thank you for commenting, Richard. I agree it's a risky business and applaud Siemens for thinking long-term, despite legal controversy and short-term difficulties.

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  3. Hello,I love reading through your blog, I wanted to leave a little comment to support you and wish you a good continuation. Wishing you the best of luck for all your blogging efforts.

    ReplyDelete

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