Under the motto "Digitalize your building," Siemens showed at the light+building trade fair from March 18 to 23, 2018 how commercial buildings can be comfortable while also offering economical operation. Encompassing 1,100 square meters, the Siemens booth featured smart products, solutions and systems. For this, Financial Services from Siemens offers the right financial solution.
- 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.
On February 5, 2018 in Wunsiedel, Germany, Bavaria's largest battery storage system to date was dedicated by the Managing Director of Stadtwerke Wunsiedel (SWW) Marco Krasser, Secretary of State Franz Josef Pschierer, and Siemens Chief Technology Officer Roland Busch. The Siemens Siestorage system based on lithium-ion batteries has a capacity of 8.4 megawatts. It will ensure the future stability of the distributed power grid and opens up the possibility of the municipal utilities company's participation in the primary control reserve market.
- 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.