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- Services support first use of Siemens H-class turbine in an aluminum smelting facility globally
- Siemens' first long-term service agreement in the UAE for an H-class turbine
- Power services will ensure reliable operations for stable power production
Emirates Global Aluminum (EGA), the world's largest 'premium aluminum' producer, and Siemens announced the first power services agreement for an H-class gas turbine in the United Arab Emirates (UAE). With the new 20-year service agreement, Siemens will provide maintenance and repairs as well as onsite personnel support for the gas turbine and its generator at the planned over 600-megawatt (MW) combined cycle project feeding EGA's Jebel Ali power plant in Dubai.
- F-class
gas turbines, steam turbine, generators, and main transformers
- Power Diagnostics Services for optimized performance
- Power supply for more than three million Iraqis
Siemens has received an order to supply the key components and long-term power generation services for the 840-megawatt (MW) Maisan combined cycle power plant in Iraq. CITIC Construction Co., Ltd., the Chinese engineering procurement and construction firm building the plant, and Iraqi developer MPC, part of Raban Al-Safina for Energy Projects (RASEP) awarded the contract valued at more than EUR 280 million to Siemens. The independent power project is expected to deliver first power by March 2021 and enter full combined cycle mode by early 2022. The plant will supply sufficient electricity to meet the needs of more than three million Iraqis, while also supporting the industrial sector.
- 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.
- Real-time data analysis from 29 gas turbines across multiple locations will increase availability, reduce forced outages and enable proactive, prescriptive maintenance
- Digitalization to improve availability, efficiency, productivity and flexibility
Siemens will install state-of-the-art Remote Diagnostic Services (RDS) for GAIL (India) Limited covering 29 gas turbines operating across the Hazira-Vijaipur-Jagdishpur (HVJ) pipeline and the Vijaipur C2/C3 Plant. The scope includes the supply of RDS hardware, site installation and commissioning including remote Operational Service Desk (OSD) and helpdesk services. The OSD will be accessible 24/7, equipped with machine learning tools and manned by technical experts to provide faster, high quality troubleshooting and guidance for problem resolution.
Building on its commitment to supporting the energy infrastructure in Sudan, Siemens has signed a long-term agreement with the Sudanese Thermal Power Generating Company (STPGC) to provide service and maintenance for the power generating assets and related components operating at the 337 megawatt (MW) Port Sudan and 502 MW Garri power plants.
- 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.
- Bavarian Minister-President Dr. Markus Söder kicks off H2lighthouse project for energy transition in Germany
- With 8.75 megawatts of electrical power, it will be one of Germany’s
largest carbon-free hydrogen generation plants
- Siemens Financial Services, Rießner Gase GmbH and SWW Wunsiedel GmbH
are investors in Wunsiedel’s WUN H2 operating company
- Plant to go into operation in
summer 2022 with an annual production of up to 1,350 tons of hydrogen and CO2savings of up to 13,500 tons
- WUN H2 to supply Northern Bavaria, Thuringia and neighboring part of
Czech Republic with hydrogen
Kickoff
for one of the largest green hydrogen projects in Germany: The official
groundbreaking ceremony in Wunsiedel marked the start of construction of a
hydrogen generation plant with a capacity of 8.75 megawatts. The facility will
produce up to 1,350 tons of hydrogen per year using only renewable energy, for
example from solar or wind power. Using the generated hydrogen in
transportation and industry allows for CO2savings of up to 13,500
annually.
- Siemens and Desert Technologies launch joint venture Capton Energy to develop and invest in solar and smart infrastructure in the Middle East, Africa and Asia
- Capton Energy aims to invest in projects of 1GW in aggregate and boost the supply of clean, stable and affordable power in under-served markets
Siemens and Desert Technologies have
launched a joint venture to develop and invest in solar and smart infrastructure in Africa,
the Middle East and Asia, as
announced today at Expo 2020 Dubai. The venture, Capton Energy – which aims to build
up a portfolio of investments in projects with an aggregate capacity of more
than 1 gigawatts (GW) – will support projects providing clean, reliable, and affordable energy in areas that need it most.
- Siemens finalizes investment and framework agreements with BECIS
- Investment makes Siemens a major shareholder in BECIS
- Partnership enables customers to redirect capital funding to core business
- Innovative funding solutions for distributed energy solutions and services
Combining its financial expertise with intelligent energy solutions and services, Siemens has entered investment and framework agreements with Berkeley Energy Commercial Industrial Solutions (BECIS). Together, they will provide customers access to distributed energy solutions via a flexible ‘Energy as a Service’ (EaaS) model, allowing customers in the Asia Pacific market to pay for energy services without the need for any capital investment. This will address customers’ energy cost and sustainability challenges.