Siemens Exits Nuclear Business

AFP - German industrial giant Siemens is turning the page on nuclear energy,

“We will no longer be involved in overall managing of building or financing nuclear plants. This chapter is closed for us,” he said, explaining that Siemens would restrict its activity to dual-use technology.

“We will from now on supply only conventional equipment such as steam turbines. This means we are restricting ourselves to technologies that are not only for nuclear purposes but can also be used in gas or coal plants.”

Löscher said his group’s decision to withdraw from the nuclear industry reflected “the very clear stance taken by Germany’s society and political leadership.”