- Sustainable and economical solution for freight transport in Germany
- Combined diesel and electric locomotive
- Available from the end of September 2018
Siemens Mobility will be presenting a new locomotive at the InnoTrans 2018, the world's largest trade fair for railway technology. The Vectron Dual Mode can be operated as both a diesel and electric locomotive. On electrified sections of track, the new locomotive is powered by electricity to save fuel and reduce maintenance costs. The locomotive can be switched to diesel mode on non-electrified sections. The Vectron Dual Mode concept enables operators to increase their sustainable value throughout the locomotive's lifecycle. The locomotive has been designed for freight transport in Germany and can be ordered from the end of September 2018.
- Siemens is launching the innovative Frequency Stabilizer SVC Plus FS. It combines static var compensation with so-called supercapacitors for the first time.
- The SVC Plus FS can compensate for voltage and frequency fluctuations in just milliseconds.
- The space-saving solution fills an important technological gap to facilitate the energy transition.
With its SVC Plus Frequency Stabilizer (FS), Siemens is the world's first supplier to combine reactive power compensation capability with the use of so-called supercapacitors. The SVC Plus FS can feed the reactive power needed for stable grid operation in less than 50 milliseconds. At the same time, the up to 200 megawatts of electric power stored in the supercapacitors can be transferred to the grid at full load. As a result, the voltage and frequency, and thus also the grid, remain stable. This automatic procedure is triggered whenever the voltage or frequency exceeds or drops below certain limits. When fluctuations occur in a power grid, the first few seconds determine whether a blackout will occur. In such situations, a new solution developed by Siemens immediately supplies the energy needed in the necessary quantity, thus preventing a power failure. This is particularly important in power grids that are exposed to volatile infeeds, for example from increasingly more distributed and renewable energy sources.
- Bipole III is a 2,000 MW HVDC project enabling transmission of renewable energy via almost 1,400 kilometers
- Close collaboration enabled on time delivery of a highly complex project in a challenging environment
- The project significantly strengthens the reliability of Manitoba's electricity supply
The consortium of Siemens and Mortenson has successfully completed the ± 500-kilovolt (kV) Bipole III high-voltage direct-current (HVDC) power converter stations for customer Manitoba Hydro. The HVDC converter stations are an integral part of the Manitoba Hydro Bipole III transmission project. The entire transmission line will act as an "electricity highway", bolstering the reliability of Manitoba's electricity supply by reducing dependence on existing HVDC transmission lines, while also ensuring low-loss transport of renewable hydropower from northern generating stations to meet growing energy requirements. HVDC converter stations are specialized substations that support the conversion of electric power from high-voltage alternating-current (HVAC) to high-voltage direct-current (HVDC), or vice versa, a critical component to interconnecting separate power systems.
- Successful strategic alliance with Bentley Systems, which started in 2016, to be further expanded
- Joint investment initiative extended by an additional €50 million, totaling €100 million
- Ambition to further accelerate joint business
In the companies' latest Alliance Board meeting, Bentley Systems and Siemens decided to further strengthen their strategic alliance. The two companies have decided to extend their existing agreement, to further develop their joint business cooperation and commercial initiatives. Therefore, the joint innovation investment program will be increased from the initial €50 million funding to €100 million. In addition, as a result of the continuous investment of Siemens into secondary shares of Bentley's common stock the Siemens stake in Bentley Systems now exceeds 9%.
- First call for 8 day trains and 13 night trains
- Total order valued at over €1.5 billion
- First trains to enter service in 2022
Austrian Federal Railways (ÖBB) and Siemens Mobility have signed a framework agreement for the delivery of day and 8 trains with a total of up to 700 passenger coaches over the next five years. The agreement has a total volume of more than €1.5 billion when all of the agreement’s services have been called up. At the signing of the agreement, ÖBB placed its first call for eight nine-car trains for day service and 13 seven-car trains for night service. The Viaggio coaches will be operated with ÖBB’s current fleet of Siemens Taurus locomotives. Commissioning of the first trains is planned for 2022. The passenger coaches will be manufactured at the Siemens factory in Vienna, Austria. The framework agreement can also be extended beyond 2023 by ÖBB.
- Maier to succeed Klaus Moosmayer, who is leaving the company as of November 30, 2018
Martina Maier (51) has been appointed the new head of the global Compliance Department at Siemens AG. Maier, who currently heads Siemens' Competition Department, will assume the position of Chief Compliance Officer on December 1, 2018. This position has been held since 2014 by Klaus Moosmayer (49), who is leaving the company at his own request.
- Partnership between Siemens and PowerCell Sweden AB
- Planned collaboration for maritime energy systems based on fuel cells
- Siemens to supply SISHIP BlueDrive integrated energy and propulsion system
- PowerCell, as a producer of fuel cell modules, to provide integrated systems
Siemens and Power Cell Sweden AB, a Swedish producer of fuel cell modules, are to enter into a partnership in order to drive forward the integration of fuel cell modules in shipping. The aim of the collaboration is to develop an energy supply system for vessels which is based on fuel cells. Siemens will supply the SISHIP BlueDrive integrated energy and propulsion system into which PowerCell will install its fuel cell modules. Possible joint projects could include energy supply systems for ferries, yachts, cruise ships and research vessels.
- Trade fair slogan "Digitalization in Machine Tool Manufacturing – Implement now!"
- Integrated, end-to-end and open ecosystem of digital platforms as a basis for productivity enhancing machine tool applications
- Innovative automation and technology portfolio for higher machine tool productivity
At the AMB in Stuttgart, the International Exhibition for Metalworking, Siemens will be showcasing the continuously advancing Digital Enterprise portfolio used for implementing Industrie 4.0 in the machine tool world. It helps both makers and users of machine tools to leverage the enormous potential that digitalization now offers. Under the motto "Digitalization in Machine Tool Manufacturing - Implement now!", Siemens will be demonstrating to users and manufacturers of machine tools at its 270 square meter Booth B03 in Hall 2 how end-to-end digitalization solutions work from the machine tool right up to the corporate management level and the cloud.
- On a comparable basis, excluding currency translation and portfolio effects, orders rose 21% and revenue was level with the prior-year period
- On a nominal basis, orders climbed 16% to €22.8 billion driven by a higher volume from large orders, while revenue came in at €20.5 billion, 4% lower than the prior-year quarter due primarily to currency translation effects; the book-to-bill ratio was 1.11
- Industrial Business profit was up 2% at €2.2 billion and Industrial Business profit margin was 10.7%; excellent performance by Digital Factory and improvements in many Divisions partly offset by a sharp decrease in profit and profitability at Power and Gas
- Net income of €1.2 billion was held back by substantially higher income tax rate compared to Q3 FY 2017, which also benefited from positive effects in Centrally managed portfolio activities; basic earnings per share (EPS) of €1.36 compared to €1.67 in Q3 FY 2017
"Our global team delivered a strong quarter, highlighted by outstanding order intake, outperforming the market. We diligently address our opportunities and challenges going forward," said Joe Kaeser, President and Chief Executive Officer of Siemens AG.
At its meeting yesterday, the Supervisory Board of Siemens AG approved the company's new Vision 2020+ strategy and reassigned responsibilities within Siemens' Managing Board.