Saturday, September 24, 2011

Siemens out of nuclear, into renewables

Speaking to Germany’s Der Spiegel newspaper Sunday, Siemens CEO Peter Loscher explained that the company did not see a future in building new nuclear plants:

"'The move is a response to the Fukushima nuclear disaster in Japan in March,' chief executive Peter Loescher said. He told Spiegel magazine it was the firm’s answer to 'the clear positioning of German society and politics for a pullout from nuclear energy'. 'The chapter for us is closed,' he said, announcing that the firm will no longer build nuclear power stations....."

Meanwhile, Siemens will continue to focus on renewable energy like wind, concentrating solar power and geothermal. Siemens’s Loscher told Der Spiegel that the switch to renewables is “the project of the century” and explained that Germany’s transition to 35% renewables by 2020 was very realistic.


Matt Franko said...

Seems like Siemens is just following govts lead here, which is probably good business if you are in a highly govt regulated industry.

Once again, govt leads, industry follows... many moron "free market" types think it is the opposite.

btw, of course Fukishima could have been avoided if the Japanese govt took some of these
and bought a few of these
to transport a few of these
to the reactor site within a few hours of the tsunami...

But in their zombie like quest to acquire and hoard premiere western financial assets at all human costs, that was probably not even considered. This is irrational behavior imo.

sforst said...

All because they built their backup power within reach of the Tsunami.
If that generator is 20 feet higher, none of this is happening.

Matt Franko said...


even ok put your "A" back ups 20ft underground right on the coast, but where is "Plan B"?

This f-up is right out of the zombie non-western "playbook". Believe me, if the west had a publicly documented contingency plan to helo in diesel power in case of flood, the Japanese would have done it.