A key milestone on the way to independence: Siemens Energy presented its new management team to its employees today. In addition to an Executive Board, the company will have an expanded international management team, the Group Management Committee. Once Siemens Energy becomes a legally separate entity, this team will be instrumental in implementing the company’s strategic approach. “Announcing the management team is a further critical step on the way to becoming an independent company and an energy pure play. It will enable Siemens Energy to further develop its management system and then focus fully on the requirements of its customers and markets,” said Joe Kaeser, President and CEO of Siemens AG.
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- Extraordinary Shareholders’ Meeting to be held in virtual format
- Siemens AG to spin off 55 percent of Siemens Energy to shareholders
- One Siemens Energy share for every two Siemens shares
- Siemens Energy to start with S&P Global investment-grade rating of “BBB”
- Initial listing of new shares planned for September 28, 2020
Siemens shareholders will vote on the spin-off of Siemens AG’s energy business at an Extraordinary Shareholders’ Meeting today. Due to the restrictions imposed on public events by the coronavirus crisis, the shareholders’ meeting will be held in a virtual-only format – that is, without the shareholders or their proxies being present in person. To ensure complete transparency, a livestream atwww.siemens.com/agm-servicewill provide shareholders and their proxies with audio and video coverage of the entire event via the Internet. Siemens shareholders had until July 7, 2020, to submit questions electronically. The proposal to approve the Spin-off and Transfer Agreement that Siemens AG and Siemens Energy AG concluded on May 22, 2020, is the only item on the meeting agenda.
- Siemens will provide main equipment for an electrical service platform for wind power project
- Mayflower Wind developing a lease area with capacity of up to 1.6 gigawatts of renewable energy
- Electricity for up to 680,000 U.S. households
Siemens has been awarded an order from Danish customer Semco Maritime to provide the main electrical equipment for the electrical service platform (ESP) of the offshore wind project Mayflower Wind LLC (Mayflower Wind). The project is located in a federal lease area approximately 25 miles south of Nantucket, Massachusetts in the United States, and will have a capacity to generate up to 1.6 gigawatts (GW) of renewable energy. Siemens will supply the components for Semco Maritime by 2022.
- Attica-Crete interconnection will ensure a more secure power supply and increase integration of renewable energy
- HVDC project will reduce half a million tons of CO2 emissions in first year of operation
- Total order volume for Siemens-led consortium €370 million
A consortium led by Siemens Gas and Power (Siemens Energy) has been awarded a turnkey contract for two converter stations for the Greek high-voltage direct-current (HVDC) link that will connect Crete, Greece’s largest and most populous island, with the mainland of Greece. The project will enable an exchange of electricity of up to 1,000 megawatts (MW) to enhance reliability of the power supply and facilitate integration of renewable energy sources in the power grid. Customer is Ariadne Interconnection S.P.S.A., a wholly owned entity of the Greek independent power transmission operator IPTO. Commissioning of the interconnector is scheduled for mid-2023. Total order volume for the consortium is €370 million.
- Comprehensive concept for the development of the energy sector of
Nigeria
- Goal is to secure reliable and affordable electricity supply
- Scope includes rehabilitation, upgrades and expansion of
transmission and distribution networks and power generation
Siemens and the Federal Government of Nigeria signed an implementation
agreement for the Nigeria Electrification Roadmap. The goal of the Roadmap is
to resolve existing challenges in the power sector and expand the capacity for
the future power needs of the country. The document was signed by Joe Kaeser,
President and CEO of Siemens AG, Onyeche Tifase, CEO of Siemens Limited and Alex
Okoh, Director General/CEO of Bureau of Public Enterprises in Abuja in the
presence of Muhammadu Buhari, President of Nigeria.
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.
Arja Talakar has been appointed CEO of Siemens Oil & Gas, effective April 1, 2019. He will be based in Houston, Texas, the global headquarters for Oil & Gas and its parent operating company, Siemens Gas and Power.
- Facilities in Baiji will power Iraq’s biggest refinery and deliver
electricity to thousands of homes in liberated areas
- Siemens equipment includes E-class gas turbines, substations and
generators
- Project is start of Phase 2 of Siemens’ Roadmap for Iraq and will be
completed 28 months after financial closing by Iraq’s government
Siemens
and Orascom Construction signed an agreement with Iraq’s Ministry of
Electricity to rebuild Baiji 1 and Baiji 2 power plants in northern Iraq. The
plants will have a combined generation capacity of 1.6 gigawatts (GW) when
completed and are a major step in Siemens’ roadmap for rebuilding Iraq's power
sector that has already added more than 700 megawatts to Iraq’s grid.
- Heavy shipment of the first HL-class with 50 Hertz frequency sets sail for the UK
- Powerhouse unit from Berlin heads for one of the world’s most efficient combined cycle power plants
The largest, most powerful, and most efficient heavy-duty gas turbine that Siemens has produced to date was loaded onto an inland cargo ship today in Berlin, where it set off on its journey for Keadby, Lincolnshire, in the UK to be tested in a power plant of UK energy generator SSE Thermal. Built by Siemens Gas and Power in its Berlin factory and destined for the 50-Hertz market, the powerhouse known as SGT5-9000HL measures 13 meters in length, five meters in height, five meters in width, and weighs nearly 500 metric tons. After the recent first fire and synchronization to the grid of its first 60-Hertz version in a power plant in the United States, Siemens reports this second milestone for its latest HL-class within several weeks.
- Siemens will act as general contractor for turnkey construction of a 250 MW combined cycle power plant
- Two new long-term service agreements
- Total value approximately €290 million
Siemens Gas and Power and PJSC Kazanorgsintez, one of Russia's largest chemical companies, signed a contract for the turnkey construction of a 250 megawatt (MW) combined cycle power plant in Tatarstan. Commercial operation is planned to being in 2023. Siemens also signed two service contracts, one with Kazanorgsintez for the new plant and one for a 495 MW power plant with Siemens equipment owned by PJSC Nizhnekamskneftekhim. Both companies are part of the TAIF Group. The total value of all three contracts is approximately €290 million.