The chief executive of Siemens Energy called on the Trump administration to deliver more policy “stability” as the German maker of gas turbines and power grid equipment unveiled a $1bn investment in its US operations.
Christian Bruch told the FT on Tuesday that the group would create 1,500 jobs in a big US expansion, tapping into surging demand for its products from the boom in AI data centres.
But while the US was an “excellent market” because of the AI wave, he said some of President Donald Trump’s policies had been “painful” for the company and customers, citing stop-work orders blocking completion of fully permitted offshore wind projects.
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