German trains-to-turbines group Siemens is well placed to do business in the United States, regardless of whether President-elect Donald Trump backs fossil-fuels at the expense of renewable energy, its CEO told a newspaper. "The good thing is that we can offer everything. Steam power plants that are powered by coal, state-of-the-art gas-fired power plants, wind energy, we can build solar parks and the necessary link to the power grid," Joe Kaeser told Frankfurter Allgemeine Zeitung (FAZ) in an interview.
Siemens employs 50,000 people and makes $22 billion in revenues in the United States, its single biggest market, accounting for a quarter of its total sales. "It should pay off that Siemens has built up local production and engineering in the United States a long time ago."
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