Siemens Energy intends to rename itself prematurely because the company pays high annual fees for using the Siemens name.
The energy technology company has announced plans to change its name ahead of schedule. The artificial name had already been discussed previously.
High costs for brand usage are the main reason for this move. Siemens Energy aims to reduce these expenses.
Industrial group Siemens plans to abolish most chief titles for executives under its One Tech Company strategy program.
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Brazil's National Electric Energy Agency said the yellow tariff flag will remain in place for June. Consumers will pay an extra R$ 1,885 for every 100 kWh used for the second straight month.
Ida Norström now runs a profitable electricity company with eight employees. She founded Energy Effective Solutions at age 20 after feeling sidelined in the industry.
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TotalEnergies unveiled a new online offer called Access on Monday, May 18. It grants a 10% discount for three years on electricity and gas to new clients. The announcement follows record profits and political pressure.