- From February 5-9, Siemens will present concrete solutions for ways that companies and investors can shape the digital future.
- Digitalization opens up huge potential for small and mid-sized companies in the manufacturing industry – with productivity gains of up to 10 percent.
- In the energy and infrastructure markets, efficiency gains are used to attain a large degree of sustainability.
- These efforts will require extensive investments, which are made easier with innovative financing solutions like pay-per-outcome financing, software financing and project financing.
During the opening session of Siemens Finance Week in the Siemens Technology and Application Center in Erlangen, about 60 decision-makers from small- and medium-sized enterprises learned about the potential of digitalization and ways that new, customer-centric business models can be introduced with the help of financing solutions. The Company Barometer prepared by the German Chambers of Commerce and Industry shows that 68 percent of small and medium-sized enterprises in Germany see opportunities for new digital business models. The optimization potential is enormous: In the manufacturing industry alone, according to the results of a Siemens Financial Services white paper, productivity can be boosted by up to 10 percent through continued digitalization. Figures from the United Nations Committee on Trade and Development (UNCTAD) indicate that this would amount to business volume of approx. €650 billion globally and €60 billion in Germany.
On January 24, 2018, the most powerful high-voltage direct-current (HVDC) transformer began its journey from the transformer factory in Nuremberg, Germany, to China. The transformer will first be transported to the harbor in Nuremberg by special heavy load transporter, where it will be loaded onto a ship. Its journey will take it to Rotterdam via the Main-Danube Canal, and from there it will be shipped to China, where it will arrive after several weeks on the high seas. In July 2016, Siemens received an order to manufacture four transformers of this type. About a year later, the world’s first 1,100 kV transformer was completed and successfully passed the tests in the testing facility. The enormous dimensions of the transformer – 37.5 meters long, 14.4 meters tall, and 12 meters wide – posed a logistical challenge for the team. In operation, the transformer weighs just under 900 tons and its efficiency is well above 99% of the rated power. For the first time, the transformer will enable a high-voltage direct-current (HVDC) transmission with low losses over a record distance of 3,284 kilometers with a transmission capacity of 12 gigawatts. HVDC transformers are part of the converter station that convert alternating current into direct current at the beginning of the transmission line and convert it back again at the end of the line. The conversion from alternating current to direct current helps to transmit energy over long distances with low losses. Transformers are key components of an HVDC line: Thanks to the transformer, the Changji-Guquan project will be able to transmit direct current with a huge 1,110 kilovolts for the first time in the world. The new transformer not only makes the transmission of this record voltage level possible, but it is also the world’s most powerful tested transformer with a capacity of 587 megavoltamperes. Siemens has thus achieved a new dimension in high-voltage direct-current transmission. The HVDC line between Changji and Guquan will be operated by State Grid Corporation (SGCC), a Chinese grid operator. The connection is expected to begin operation in 2019.
- Diverse suite of financial solutions provide necessary capital to expand growing energy storage sector
- Granting customers access to a combination of proven, bankable energy storage solutions with tailored financing
- Leasing and project finance options for qualified projects using Fluence's industry-leading trio of energy storage platforms
Siemens Financial Services (SFS) and Fluence, a Siemens and AES company, announce a comprehensive financing program to support customers in their investments in energy storage solutions. The new financing program will offer customers leasing and project finance options for qualified projects using Fluence's industry-leading trio of energy storage platforms. Fluence's combination of unmatched energy storage experience, proven technical solutions, and the availability of tailored financial solutions will further drive down the total system costs of energy storage and accelerate the growth of this dynamic segment of the power market, estimated by Bloomberg New Energy Finance (BNEF) to be a $100 billion market opportunity by 2030.
In many areas of the world, existing power infrastructure is stretched to the limit by growing demand for electricity. Reliable power supply systems are a major enabler of economic development, yet needs are growing at a pace faster than the ability to erect conventional power plants. The task at hand in these regions is to deploy efficient mobile power generating capacity quickly to fuel economic development. In some cases the need is temporary, and after some time the mobile power plant might be relocated to a different location to perform a similar duty.
Siemens has now specially developed its SGT-A45 TR gas turbine for this rapidly growing market – a new aero-derivative gas turbine integrated into a mobile unit that delivers an electrical output of up to 44 megawatts, can be installed and commissioned in less than two weeks and begin generating electricity immediately. This light-weight gas turbine offers outstanding power density, high fuel efficiency and good operational flexibility, making it an ideal choice for customers who urgently need power and regions with less developed infrastructures.
Demonstrating the company's commitment to supporting Iraq's power sector, Siemens has expanded an existing service agreement with KAR Group in Iraq to provide comprehensive operations and maintenance (O&M) for two newly added SSC5-2000E power plant units at the Khormala plant in the Kurdistan region.The 930-megawatt (MW) natural gas-fired power plant meets nearly 30 percent of the power demand targeted by the Kurdistan Regional Government (KRG), supplying more than four million Iraqi people with reliable electricity. The extension of the service agreement is set to improve operational flexibility, availability, and performance of gas turbines for the next 15 years.The agreement between Siemens and KAR Group aligns with Iraqi energy production goals. According to the Mena Power Report 2017, the current power demand in Iraq stands at 21GW and is growing faster than supply. The Kurdistan Regional Government plans to increase capacity by building new power plants and increasing the efficiency of existing facilities."With more than 20 years of experience in O&M of power plants, we currently manage approximately 2,800 MW across the Middle East and North Africa region and over 16,000 MW globally," said Gianluigi Di Giovanni, Senior Executive Vice President of Siemens Power Generation Services in the Middle East. "Our global resources and fleet expertise enable us to provide complete plant services and management. The plant is truly a landmark project, supporting the development goals of the Kurdistan region. That's why we are proud to expand our collaboration with KAR Group to deliver reliable and stable electricity supply to people's homes."The Khormala multi-year agreement with Siemens covers the operation and maintenance of six SGT5-2000E gas turbines, six SGen5-100A generators along with the associated auxiliary and ancillary systems. It also includes the implementation of Siemens Power Diagnostics®, which is part of the company's "Digital Services for Energy" portfolio, to improve asset visibility, reliability and availability.Siemens data-driven services enable valuable data from different assets to be analyzed. From there, data is transformed into actionable insights—such as diagnostics, troubleshooting and condition forecasting—that can help improve plant reliability and reduce downtime. In addition, the data processed by Siemens Power Diagnostics® can help balance maintenance costs, improve inspection intervals and provide invaluable insights into operational risks.Siemens has managed the operation and maintenance of Khormala since 2013 under a multi-year services agreement. Currently, the company has more than 40 personnel on-site managing the power plant on behalf of KAR Group.
Building on its commitment to innovative power plant solutions, Siemens has been awarded a contract from Colbún S.A. to upgrade the Central Termoeléctrica Nehuenco-I plant with Siemens' Power Plant Automation T3000 Cue (SPPA-T3000) system. The 368-megawatt (MW) combined cycle power plant is located in Quillota, Valparaíso Region, in Chile and provides electricity to approximately 350,000 homes in the region.
- Siemens supplies key components and long-term service for Sirajganj III combined cycle power plant
- Financial Services division provides up to USD80 million construction loan
Siemens Power and Gas (PG) Division recently received an order for the supply of key components for the Sirajganj III combined cycle power plant in Bangladesh providing a SGT5-2000E gas turbine and generator, as well as a long-term service contract for the project. Siemens' Financial Services Division (SFS) is contributing an up to USD80 million construction loan to support the project's successful and timely close. SFS is undertaking a primary/Mandated Lead Arranger (MLA) role in the transaction which is considered vital to the project's success. In addition, SFS demonstrated strong project support acting as one of only two international lenders participating in the Sinosure tranche. Sinosure is the national export agency of The Peoples Republic of China and provides export coverage to lenders to support long term lending in Bangladesh.
- Siemens Bank receives approval to operate as a merchant bank in Singapore
- Siemens becomes first industrial company to support its growth strategy in Asian and Australian markets with a local bank branch in Singapore
- Focus on project and structured finance lending business mainly in the business-to-business and business–to-government segments
The Monetary Authority of Singapore (MAS) grants approval for Siemens Bank GmbH Singapore Branch to operate as a merchant bank in Singapore. The new branch will cover financing activities for the Asia-Australia region. In addition to its main pillar, the loan and guarantee business, the branch will also provide selected finance advisory services for the Siemens group companies in Asia-Australia.
Siemens has won a significant order from Oil and Natural Gas Corporation Limited (ONGC) in India to overhaul 18 units of RT48S & RT56 power turbines of Siemens fleet of aeroderivative gas turbines driven by Industrial AVON & Industrial RB211 gas generators along with installation and commissioning services. The turbines are operating at Mumbai High Asset and Neelam & Heera Asset of ONGC in Mumbai.
The foundation stone of the future converter station was laid on the morning of February 23rd in Folkestone by Jesse Norman, Minister for Industry and Energy signalling the start of the construction work for high-voltage direct-current (HVDC) project ElecLink. Siemens has been awarded an order to supply a link between the French and British power grids by customer ElecLink Limited, a wholly owned subsidiary of Groupe Eurotunnel SE. The ElecLink high-voltage direct-current (HVDC) link will enhance power supply reliability in both countries and promote the integration of renewable energy sources into the power grid. ElecLink, when complete, will supply enough electricity to power more than 1.65 million typical households per year. The HVDC link between France and Great Britain has been designated as one of the European Commission's projects of common interest to help create an integrated European Union energy market.