The information contained
herein is not for publication or distribution, directly or indirectly, in or into
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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 at
www.siemens.com/agm-service will 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.
- Assistance sought from the state of NRW, the federal government, and the EU
- Lighthouse project for the energy transition with international appeal
In planning, building, and operating an energy farm on the grounds of Nivelsteiner Sandwerke, the city of Herzogenrath plans to cover its energy demand with zero CO2 emissions by 2030. The signing of a cooperation agreement between GREEN Solar Herzogenrath GmbH and Siemens Energy has now marked an important milestone in achieving this goal. Based on this agreement, the partners will develop an economically viable concept aimed at seeking available funding from the state of North Rhine-Westphalia, the federal German government, and the EU for the long-standing mining region between Aachen, Germany, and the Netherlands.
The information contained
herein is not for publication or distribution, directly or indirectly, in or
into any jurisdiction where to do so would be prohibited by applicable law.
- Long-term “BBB” issuer rating,
outlook stable
- S&P praises low indebtedness and
extensive liquidity
- First listing for Siemens Energy still
planned for September 28, 2020
In its first
credit rating, Siemens Energy AG, which will soon be operating as an
independent entity, has earned a solid investment grade rating from the S&P
Global rating agency (S&P). The company received a long-term issuer rating
of “BBB” with a stable outlook. The raters particularly praised the company’s
broad base in the energy sector, its low level of debt, and its extensive
liquidity.
- Siemens Energy launches "Future of Storage" initiative to
promote sustainable energy systems
- Ecosystem of technology partners for energy storage solutions
created
- Long-term cooperation with Norwegian EnergyNest on thermal energy
storage
Siemens Energy has launched the "Future
of Storage" initiative. The aim of the initiative is to bundle knowledge
and build an ecosystem of technology partners in order to offer energy storage
solutions tailored to customers' needs. Decarbonizing the world's energy
systems is one of the key goals of Siemens Energy. An essential component of
climate-friendly energy systems of the future will be efficient energy storage
systems - they compensate for the fluctuating feed-in of renewable energies and
stabilize the grids, making them a key driver of decarbonization.
- Acquisition expands Xcelerator portfolio and creates data-driven product lifecycle management solutions for system-on-chip (SoC)
- Integration of cybersecurity, functional safety, and the management of complexity can enhance product quality, safety, and time-to-revenue across industries ranging from automotive and factory automation to high-performance computing
Siemens has signed an agreement to acquire Cambridge,
UK-based UltraSoC Technologies Ltd., a provider of instrumentation and
analytics solutions that put intelligent monitoring, cybersecurity and
functional safety capabilities into the core hardware of system-on-chip (SoC).
Siemens plans to integrate UltraSoC’s technology into the Xcelerator portfolio as part
of Mentor’s Tessent™ software product suite. The addition of UltraSoC to Siemens enables a
unified data-driven infrastructure that can enhance product quality, safety and
cybersecurity, and the creation of a comprehensive solution to help semiconductor
industry customers overcome key pain points including manufacturing defects, software and hardware
bugs, device early-failure and wear-out, functional safety, and malicious
attacks.
- 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.
- Siemens Energy delivers another highly efficient combined cycle power plant to Marl
- Evonik replaces old backup gas power plant
- Siemens Financial Services arranges customized financing
Siemens Energy is building
another highly efficient combined cycle power plant for the specialty chemical
company Evonik at its largest industrial location in Marl, North
Rhine-Westphalia, Germany. Consisting of one SGT-800 gas turbine, one SST-400
steam turbine, and two generators, the plant will produce power and heat with
90 megawatts of electrical capacity and 220 megawatts of thermal capacity. It
will go into operation in 2022 replacing a backup gas power plant. Along with
the power plant components, Siemens Energy is also supplying the SPPA-T3000
control system for controlling the cutting-edge plant. A long-term service
agreement between Siemens Energy and Evonik will ensure the availability of the
power plant and its components.
- Addition of E/E systems development capabilities to Capital, the leading solution for the design, manufacture and service of electrical systems, enables support for software architectures, communication networks & AUTOSAR compliant embedded software within the Xcelerator portfolio
- Integrated capabilities can be used to design and assess E/E systems and enables support for integrated end-to-end model-based design, manufacturing and service domains
Siemens Digital Industries Software
announces today an expanded
Capital
™ electrical/electronic
(E/E) systems development software portfolio. Building upon leading Capital
capabilities for design, manufacture and service of electrical systems, the
portfolio is now expanded to encompass E/E system and software architectures, network
communications and embedded software development. As part of the
Xcelerator portfolio
of
software, services and application development platform, Capital is integrated with
adjacent Siemens solutions, including the Teamcenter® portfolio for product
lifecycle management, NX™ software for mechanical design and Mendix low code
development environments, which creates the world’s most comprehensive E/E systems
development solution to efficiently engineer today’s smart products.
- Solution combines elements of Siemens’ Xcelerator portfolio and IBM Maximo to continuously improve product performance, maintenance and operations
- Establish a digital thread between product design, equipment manufacturers and owner/operators to help reduce equipment downtime and increase production capacity
Expanding on their long-term partnership, Siemens and IBM (NYSE: IBM) announce the availability of a new solution designed to optimize the
Service Lifecycle Management (SLM) of assets by dynamically connecting
real-world maintenance activities and asset performance back to design
decisions and field modifications. This new solution establishes an end-to-end
digital thread between equipment manufacturers and the owner/operators of that
equipment by leveraging elements of the Xcelerator portfolio from Siemens Digital Industries Software and IBM Maximo®.
- NX offers unconstrained concept design sketching within the 3D environment to help increase productivity
- NX software, part of Siemens’ Xcelerator portfolio, is a leading solution for building the most comprehensive digital twin
Siemens Digital Industries Software is announcing a new solution for capturing
concepts in 2D. The new NX™ Sketch software tool revolutionizes sketching
in CAD, which is an essential part of the design process. By changing the
underlying technology, users are now able to sketch without pre-defining
parameters, design intent and relationships. Using Artificial Intelligence (AI) to infer relationships on the fly, users can move away
from a paper hand sketch and truly create concept designs within NX™ software. This technology offers
significant flexibility in concept design sketching, and makes it easy to work
with imported data, allowing rapid design iteration on legacy data, and to work
with tens of thousands of curves within a single sketch. With these latest
enhancements to NX, Siemens’ Xcelerator portfolio continues to bring together great technology, even within the core
of modelling techniques, helping remove the traditional barriers users have
experienced to dramatically improve productivity.