- Turnkey construction of two 90 MW power plant units
- Production of process steam and district heat
- Annual savings of up to 1 million metric tons of CO2
Siemens will build a highly efficient combined cycle power plant as a turnkey project at the Marl Chemical Park in North Rhine-Westphalia, Germany. The order was placed by the specialty chemical group Evonik Industries. The new industrial power plant will consist of two units, each with an electrical capacity of 90 megawatts, and produce both electricity and process steam for the chemical park. The site’s integrated steam network will also supply district heat for about 2,000 homes in the future. The plant’s fuel efficiency will thus exceed 90 percent. With this combined cycle power plant, Evonik will replace its last coal-fired plant at the Marl Chemical Park. Because the plant will produce environmentally friendly electricity, process steam, and district heat from natural gas, the company will be able to cut CO2emissions by one million metric tons per year. The plant thus makes an important contribution to decarbonization. Construction is scheduled to begin later in 2019, and the power plant is expected to go into operation in 2022. Siemens Financial Services (SFS), Siemens’ financing arm, developed a leasing financing solution specifically for Evonik in collaboration with Siemens Gas and Power. Together with the KfW IPEX Bank and LBBW, SFS will handle refinancing of the leasing agreement. The project volume is in the lower triple-digit million euro range.
- Independent analyst firm ranks Siemens Smart Infrastructure as a leader in IoT platforms for smart buildings
Siemens Smart Infrastructure has been ranked as a leading provider of IoT platforms for smart buildings by independent analyst firm Verdantix. The latest edition of Verdantix’s ‘Green Quadrant: IoT Platforms for Smart Buildings 2022’ report analyzed 17 IoT platforms for smart buildings, and evaluated Siemens Smart Infrastructure to be among the leading providers of IoT technology which addresses key priorities for real estate leaders.
- About one sixth of all electricity generated worldwide is based on Siemens Energy technology
- Leading portfolio from conventional to renewable energy
- Clear commitment to accelerate profitability by rigorously driving operational excellence, portfolio adjustments and gradually shifting innovation focus towards sustainability and service
- Clear target for Adjusted EBITA margin (before Special Items) of 6.5 to 8.5% for fiscal year 2023
At a virtual capital market day, Siemens Energy, a world leader in energy infrastructure, today laid out its post-spin-off strategy. Siemens Energy is aiming for accelerated profitable growth. Management aims to achieve an Adjusted EBITA margin before Special Items of 6.5% to 8.5% for fiscal 2023. The Executive Board is committed to drive operational excellence, portfolio adjustments to meet market demand and gradually shift the focus of innovation and R&D to sustainability and service.
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- Siemens AG to spin off 55 percent of Siemens Energy to Siemens shareholders
- Plans call for further reducing Siemens’ stake significantly within 12 to 18 months after spin-off’s effective date
- Siemens AG contractually obligated to ensure Siemens Energy’s autonomy and independence
- Siemens Energy to have strong capital and liquidity base; solid investment-grade rating targeted
- Initial listing of new shares planned for September 28, 2020
Siemens AG has today published key details of the spin-off of its energy business, together with the invitation to the Extraordinary Shareholders’ Meeting on July 9, 2020. Issuance of the spin-off report marks another key milestone in the creation of an independent, world-leading energy pure play. Siemens shareholders are to automatically receive one share of Siemens Energy AG for every two shares of Siemens AG. Fifty-five percent of Siemens Energy will be spun off to Siemens shareholders. Depending on the strategic and operational development of the two companies, Siemens AG intends to further reduce its stake in Siemens Energy significantly within 12 to 18 months. In addition, Siemens has placed itself under a contractual obligation to refrain from exercising a controlling influence over the new company in the future. Subject to approval by the Extraordinary Shareholders’ Meeting, plans call for the spin-off to take place, as announced, by the end of September 2020. The initial listing is to take place on September 28th, 2020.
- New combined cycle power plant Yerevan 2
- Plant operation and maintenance for 20 years
- Siemens to hold equity in special-purpose project company
Siemens will supply a complete power island for the new Yerevan 2 combined cycle power plant at the existing plant site in the Armenian capital. The company will also operate and maintain the plant for a period of 20 years. Siemens Financial Services (SFS) – Siemens' financing arm – holds a 40 percent share in the special-purpose project company ArmPower founded specifically for this project. Yerevan 2 is the largest single order that Siemens has ever received from Armenia.
- New Building X offering enables remote monitoring and intervention, real-time notification, as well as efficient and predictive maintenance
- The Fire Apps – Fire Manager, Fire Connect – and Fire API are now available on Building X, part of Siemens Xcelerator
- Building X supports customers on their digital transformation and sustainability journey
Siemens Smart Infrastructure is expanding its fire safety offering on Building X through newly launched applications and an application programming interface (API) to increase transparency, decrease response time in case of incidents, and enhance maintenance processes for service providers. Building X is a digital building platform that supports customers to digitalize, manage, and optimize their building operations. This leads to an enhanced user experience, increased performance, and improved sustainability. It is part of Siemens Xcelerator, an open digital business platform that enables customers to accelerate their digital transformation easier, faster and at scale.
- Turnkey construction and operation and maintenance for 20 years
- Order worth about €450 million
- 40 percent equity participation during project development phase
Siemens will build a new combined cycle power plant as a turnkey project in Landivisiau in western France. The company will also operate and maintain the plant for a period of 20 years. With an installed capacity of 446 megawatts, the power plant will help to reliably cover Brittany's growing demand for electricity. The order volume is approximately €450 million. Siemens Financial Services (SFS), the financing arm of Siemens, held an equity stake in the project, ensuring stability during the entire development phase.
- Siemens launches study of 1,400 executives globally revealing regional, city and industry insights regarding the infrastructure transition across energy systems, mobility and buildings
- Decarbonization is a top priority within the infrastructure transition, but progress is too slow
- Over 50% of executives believe decarbonization is a competitive advantage, but less than half believe their country has an effective decarbonization strategy
- Technology and digitalization key levers of a successful infrastructure transition
Siemens Smart Infrastructure has released key insights into the divisive nature of the infrastructure transition in a new report, titled “Siemens Infrastructure Transition Monitor 2023: The Great Divide on The Path to Net Zero.” Data from the report reveals that there is limited alignment on priorities and how best to progress towards a decarbonized and resource-efficient world. Whilst more than half of people surveyed believe the infrastructure transition is accelerating in their region, a quarter of participants - senior executives from seven major industry groups - said that progress is “too slow”, while 29 percent believe progress is “coordinated”, and 31 percent describe it as “on target”.
- New data center in Tallinn, Estonia, targets Power Usage Effectiveness (PUE) value of 1.2, against industry average of around 1.6
- Siemens’ AI-powered software optimizes cooling for energy efficiency and reliable operation of critical infrastructure
- Customized power distribution systems from Siemens ensure reliable, safe power supply to the data center
- Data center is powered by renewable energy, with ability to sell waste heat
Siemens has deployed integrated data center
management software at the largest and most energy efficient data center in the
Baltic region. The building management software (BMS), the energy and power
management software (EPMS) and the White Space Cooling Optimization (WSCO) help
Greenergy Data Centers to lower energy usage, ensure thermal protection and
manage reliable operation of the critical infrastructure.