- New 900-megawatt (MW) combined cycle power plant to provide over eight percent of Alberta’s energy supply
- Siemens Energy to provide its state-of-the-art natural gas turbine technology and service
- Project designed to significantly reduce the province’s carbon footprint from energy
Futhering its commitment to decarbonizing the energy sector worldwide, Siemens Energy has been selected to provide its highly efficient gas turbine technology and long-term services to the planned 900 MW Cascade Power Plant in Alberta, Canada. The project supports the decarbonization of Alberta's power supply by switching from coal to natural gas. Once operational, the power plant is expected to reduce Alberta’s carbon emissions from energy production by up to five percent.
- Assesses the utility industry’s risk, readiness, and solutions to secure operational technology on the grid and recommends action to help utilities combat cyber threats
- Results show risk is worsening, with potential for severe financial, environmental and infrastructure damage
- 54 percent of those surveyed in the utilities industry expect an attack on critical infrastructure in the next 12 months
Siemens and the Ponemon Institute today released a new report
that assesses the global energy industry’s ability to meet the growing threat
of cyber attacks to utilities and critical infrastructure connected to the
electrical grid. The report –Caught in the Crosshairs: Are Utilities
Keeping Up with the Industrial Cyber Threat?– details the utility
industry’s vulnerability to cyber risk, readiness to address future attacks,
and provides solutions to help industry executives and managers better secure
critical infrastructure. The results of the report were released at a forum
hosted by the Atlantic Council in Washington, D.C. focused on the growing
national, economic, and energy security threat that cyber attacks pose to the
utility industry.
Siemens joined Gastech 2018, which took place in Barcelona, Sept. 17 – 20. In its 45th year, the world renowned event was a highly regarded gathering for upstream, midstream and downstream gas and LNG professionals. Siemens used the occasion to highlight its integrated Gas-to-Power (G2P) solutions, through which the company is playing an integral role in increasing utilization of natural gas—a highly abundant, cost-effective fuel—as a feed stock for power plants. Sessions featured Siemens speakers which are outlined below.
- Siemens will upgrade control and protection system of Moyle Interconnector
- Refurbishment increases security of supply, improves integration of renewable energy and enhances provision of ancillary services
Siemens Gas and Power (Siemens Energy) has been awarded the project to refurbish the Moyle Interconnector, a high-voltage direct-current (HVDC) link between Ballycronan More in County Antrim, Northern Ireland, and Auchencrosh, Scotland. Owned and operated by Mutual Energy, the Moyle Interconnector control and protection system is almost 20 years old and is being modernized to enhance its operation. The refurbishment of the 500-megawatt interconnector will increase the security and reliability of the power supply to consumers in the United Kingdom. The project to upgrade the technology originally installed by Siemens in 2001 is now underway and the refurbishment is scheduled to be completed in September 2022.
- 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.
Siemens and Materials Solutions - a Siemens Business - officially opened a new, highly advanced innovation center this week in Orlando, Florida. The center is the only one of its kind in the U.S. to offer a unique pairing of design with manufacturing, implementing robotics, rapid prototyping, scanning, digital tools and on-site metal additive manufacturing. The Siemens innovation center will focus on rapid problem solving supporting the company’s energy businesses, while Materials Solutions will offer additive services to support the innovation center and external customers.
- 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.
- Siemens supplies key components and long-term service for Sirajganj III combined cycle power plant
- Financial Services division provides up to USD80 million construction loan
Siemens Power and Gas (PG) Division recently received an order for the supply of key components for the Sirajganj III combined cycle power plant in Bangladesh providing a SGT5-2000E gas turbine and generator, as well as a long-term service contract for the project. Siemens' Financial Services Division (SFS) is contributing an up to USD80 million construction loan to support the project's successful and timely close. SFS is undertaking a primary/Mandated Lead Arranger (MLA) role in the transaction which is considered vital to the project's success. In addition, SFS demonstrated strong project support acting as one of only two international lenders participating in the Sinosure tranche. Sinosure is the national export agency of The Peoples Republic of China and provides export coverage to lenders to support long term lending in Bangladesh.
• Agreement is Siemens' largest O&M deal in terms of power generated• Sites to serve as model for other utilities in reliability and efficiency• Digital services and data analytics to optimize plants and ensure reliabilityIn a new milestone agreement, Siemens announced today that it has been selected by the Egyptian Electricity Holding Company (EEHC) to provide comprehensive operation and maintenance services (O&M) for the Beni Suef, New Capital and Burullus power plants, for the next eight years. The agreement, which is the largest ever for the Siemens Power Generation Services in terms of power generated, includes the implementation of the company's Omnivise digital service solutions.Each of the three 4.8GW power plants is considered to be the largest gas-fired combined-cycle plant ever built and operated. Together the plants represent approximately 40 percent of Egypt's power capacity, at the time of signing contracts, generating 14.4GW – enough to supply 40 million Egyptians with electricity."The new agreement aligns with our energy production goals to ensure sustainable growth and maximum reliability and efficiency of new and existing combined-cycle generating facilities," said Eng. Gaber El Desouki, Chairman of the EEHC. "Strategically, it makes sense for us to enlist a single trusted and credible service provider to help operate and manage our large-scale power assets."The multi-year agreement covers all on-site equipment including 24 gas turbines, twelve steam turbines, 36 generators, 24 heat recovery steam generators and three 500 kV gas-insulated switchgear systems."The new agreement reconfirms our focus to work with Egypt on developing the right mix of solutions to support the country's dynamic needs. It also underscores the tangible cost benefits that digital technologies can bring to the power industry," said Gianluigi Di Giovanni, Senior Executive Vice President of Siemens Power Generation Services in the Middle East and North Africa. "As a key development partner to the country we are committed to contributing to the sustainable growth, diversification and efficiency of the Egyptian energy industry."Siemens will also implement its services portfolio to improve asset visibility, reliability and availability of the three power plants. Data from the plant operation will be collected, analyzed and transformed into actionable insights such as accurate diagnostics, troubleshooting and condition forecasting, improving plant reliability and reducing downtime. Additionally, the data processed can help to balance maintenance costs, optimize inspection intervals and provide valuable insights into operational risks.Building on more than 30 years of experience in power plant operation and maintenance, Siemens currently manages more than 35 GW in 17 countries. The company's global resources and fleet expertise enable it to provide complement plant services and management, along with sharing best practices and technical knowledge with power plant owners.