- Siemens announces projects to be supported in the Third Funding
Round
- Up to US$ 30 million in funding to be awarded
- Siemens Integrity Initiative's
funding volume exceeds US$ 100 million
As part of the Siemens Integrity Initiative, which has a funding volume
of more than US$ 100 million, Siemens AG has named new projects to receive
funding in order to promote corruption-free markets.
- Kayser
to take on new role at beginning of 2020
- Current
head, Jochen Eickholt, is moving to Siemens Energy
Horst J. Kayser
(58) will be the new Chairman of the Siemens Portfolio Companies (POC),
effective January 1, 2020. In this capacity, he is succeeding Jochen Eickholt, who
is becoming a member of the future Executive Board of Siemens Energy, where he
will be responsible for the Power Generation and Oil & Gas units. Kayser is
currently still Head of Strategy at Siemens AG. Until further notice, he will
continue to lead this department on an acting basis in addition to his new role.
As POC Chairman, Kayser will report directly to Deputy CEO Roland Busch.
- Siemens
industrial gas turbines will provide peaking power to help improve the
reliability and flexibility of the Belarusian power grid
Siemens will deliver the power generation equipment for two
new peaking power plants in the Republic of Belarus. The customer is the
state-owned utility company RUE Vitebskenergo. The new plants will be operated in
conjunction with the existing Lukomlskaya and Novopolotskaya power
plants in
the Vitebsk region in northern Belarus and will help ensure the
reliability and flexibility of the country’s power grid. The plants are expected to go into
operation in the end of 2021.
- Cooperation aims to test renewable fuels at the Rya CHP plant located in the energy port of Gothenburg
- First phase with Göteborg Energi is to validate 3D-printed burners at the Rya plant
By 2030, the ambition is that all district heating in Gothenburg, Sweden, will be produced by renewable or recovered energy sources. With this in mind Göteborg Energi and Siemens have come together in a cooperation agreement with the aim of testing state-of-the-art gas turbine technology that enables the operation of renewable fuels in the Rya combined heat and power (CHP) plant, which is today powered by natural gas.
- Managing Board members’ individual
responsibility to have greater weight
- In addition to capital market
performance, sustainability targets included for first time
- Contractual maximum compensation
agreed
- New compensation system makes
Siemens a pioneer among DAX companies
Siemens intends
to adjust the compensation system for its Managing Board members in order to
align the system more closely with the company’s sustainable development and
thus with the Vision 2020+ company strategy. By implementing the new system, Siemens
is taking on a pioneering role because the new approach already reflects the
draft version of the German Corporate Governance Code of May 9, 2019, and the
draft version of the act transposing the European Union’s Second Shareholder
Rights Directive into German law. In addition, the new concept not only
considers performance on the capital market, but also places emphasis on
targets for environmental protection, professional development of employees and
customer satisfaction. In the future, the broad-based MSCI World Industrials
Index – instead of a comparison with five main competitors – will be the yardstick
for the comparisons that determine the value of the stock awards. The new Managing
Board compensation system, which already applies as of fiscal 2020, will be
submitted to shareholders for endorsement at the Annual Shareholders’ Meeting on
February 5, 2020.
- Digital solutions provide for improved operational efficiency and reduced emissions
Siemens will equip Lalitpur Power Generation Company Limited (LPGCL), a Bajaj Group company, with advanced digital solutions for its power plant located in Lalitpur, Uttar Pradesh, India.
- Most
of the inventors are from Germany, the others come from the U.S., Russia, China, the UK, Spain,
Italy and Romania
- Thirty-one
inventions per day in fiscal 2019
Siemens has honored 23 particularly resourceful researchers as Inventors of the Year 2019. Together, these scientists are responsible for some 1,450 inventions and 1,500 individual patents. Most of the inventors are from Germany, the U.S., Russia, China, the UK, Spain, Italy and Romania. Their inventions cover the whole spectrum of Siemens. They range from 3D animation for early detection of breast cancer to a new solution for electrifying old rail lines without the need for modifications to bridges and tunnels and continue all the way to a postcard-sized module for industrial controllers that uses artificial intelligence and is thus capable of revolutionizing automation in factories.
- Maximizing performance and efficiency with innovative drives solution
- Three power plants will be equipped with latest-generation power generation equipment
The current increase of packaging and pulp demand in the fiber industry is accompanied by numerous challenges, including fluctuating costs of energy and raw materials. Siemens energy-efficient concepts and solutions are designed to help the paper industry set new global standards for efficiency, performance, and sustainability. A recent example is a project in Germany, where Siemens will help paper and packaging producer Palm increase its plant efficiency by providing a holistic energy concept. This includes the electrification of a new paper-machine production line and a new power plant equipped with the latest-generation gas turbine.
- Contract awarded to Siemens for 2.2 megawatt PEM electrolysis plant
- Salzgitter Wind Hydrogen energy project gathers pace
- Goal is to achieve low-CO2 steelmaking based on Salzgitter’s innovative SALCOS technology concept
Salzgitter Flachstahl GmbH (SZFG) has awarded the contract to build a 2.2 megawatt PEM electrolysis plant (PEM = Proton Exchange Membrane) to Siemens Gas and Power, marking an important step towards hydrogen-based steelmaking. The plant is due to commence operation in the 4th quarter of 2020 and cover SZFG’s entire current demand for hydrogen. The necessary electrical power will be generated by seven wind turbines with a capacity of 30 megawatt. These will be erected by Avacon AG on the Salzgitter Group site and will likewise enter service from 2020.
- Gas turbine rotor exchange allows for increased output and efficiency
- Control system upgraded to latest version of SPPA-T3000
The Dunamenti Power Plant in Százhalombatta, Hungary, is the largest gas-fired power plant in the country with a capacity of 794 megawatts (MW), making it a major source of reliable electricity in Hungary. Recently, in collaboration with the customer and plant owner, MET Asset Management AG, and within the scope of an overhaul project, Siemens Gas and Power replaced the entire rotor of the plant's SGT5-2000E gas turbine and installed a new, state-of-the-art SPPA-T3000 control system.