- Aeroderivative gas turbine will drive RFBB36 pipeline compressor
- Siemens compressor train for Winchell Lake Compressor Station for additional pipeline capacity
Siemens received an order from North American pipeline operator, Nova Gas Transmission Ltd. (NGTL), a wholly owned subsidiary of TransCanada Corporation, to supply a gas turbine-driven compressor train for the Winchell Lake Compressor Station in Alberta, Canada. The turbo-compressor train will be a critical part of the NGTL pipeline expansion to transport natural gas to export markets. Commercial operation is expected to begin in the fourth quarter of 2019.
- New research from Siemens Financial Services (SFS) identifies six key challenges facing manufacturers in the process of moving to an Industry 4.0 model
- Entitled Practical Pathways to Industry 4.0, the report finds that digital skills and access to finance for digital transformation are the top two challenges to a successful transition
- Without access to appropriate and sustainable third-party finance, manufacturers face a challenge to make the digital transformation needed to remain competitive
Siemens Financial Services (SFS) has released a new research paper which investigates the key challenges facing manufacturers across the globe, as they move to implement Industry 4.0. A digitalized, automated, Industry 4.0 world offers the ability to digitally link people, machinery and systems. For manufacturers, this provides a number of benefits such as improved efficiency, pre-emptive maintenance to improve up-time and closer collaboration as a result of digital data flows.
- 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.
- 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.
- 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 outlines innovative ways and approaches to boost large-scale capital in infrastructure financing
- Convergence of disruptive technology and public-private partnerships identified as key drivers of narrowing Asia's infrastructure gap
- The way forward lies in analyzing completed projects, establishing stable risk-sharing and making procurement more transparent
Increasing the bankability of developments is a key factor to narrowing Asia's infrastructure gap, according to speakers at the "Drivers of Infrastructure Investment in the Asian Market" symposium organized by Siemens Financial Services (SFS) yesterday.
- Largest private cogeneration project to date for Siemens in Mexico
Siemens has received an order to supply an
H-class gas turbine, one SST-800 steam turbine and two associated generators as
well as four switchgear units for the Altamira combined cycle cogeneration
power plant in Mexico. The entire power plant will have an electrical capacity
of around 350 megawatts (MW) and will also provide process steam, making this
the largest private cogeneration project to date for Siemens in this country.
In total, Siemens has now received orders for seven
H-class gas turbines from Mexico, including this order. Siemens’ customer is
the Mexican company Avanzia Instalaciones. The end customer is Alpek S.A.B. de
C.V., a subsidiary of Grupo Alfa, S.A. de C.V. Commissioning of the overall
facility is scheduled for end of 2018.
Within a period of just a few weeks, Siemens
has received orders from customers in Great Britain and the United States for a
total of nine compact steam turbines. The turbines are to be manufactured at
Siemens' production site in Frankenthal, Germany. Three SST-040 turbines have
been ordered by the Dutch energy provider Kara Energy Systems B.V. for biomass
power plants in Great Britain, while the U.S.-based company Airclean Energy in
Seattle, Washington, has placed an order for six SST-110 compact steam turbines.
Siemens has received its first order from
China for the
delivery of four SGT-800 gas turbines and the
associated generators.
The turbines will be installed in the Shanxi Guoxin
Baode and Xiyang decentralized
energy projects in Central China. The two combined cycle power plants with heat
extraction will have an overall capacity of 308 megawatts (MW). The
customer is Shanxi Natural Gas Limited Company, a subsidiary of Shanxi
Provincial
Guoxin Energy Development Group Co., Ltd.. Commercial
operation of the plants is scheduled for July 2017.