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Siemens quits nuclear industry

Energy giant will bail out of atomic power following Fukushima

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Siemens will quit nuclear industry following Fukushima disaster. (Getty Images)
Siemens will quit nuclear industry following Fukushima disaster. (Getty Images)

German energy giant Siemens is to pull out of the nuclear industry, in response to the Japan’s Fukushima disaster earlier this year.

The company’s chairman, Peter Loescher said in an interview with Der Spiegel magazine that it was the firm’s answer to “the clear positioning of German society and politics for a pullout from nuclear energy.”

He added: “The chapter for us is closed,” saying that the firm will cease to build nuclear power stations

While the company will step back from the production of conventional islands, it will continue to produce turbines and other non-nuclear components. Siemens was responsible for the construction of all 17 of Germany’s nuclear power plants, and will now cancel a joint venture planned with Russian nuclear experts Rosatom, saying they will partner with the firm in other ways.
 

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