- Profit impact of around 300 million Euros in Q2 FY22
- Closing expected in July 2022
- Single ownership of Valeo provides strong prospects for joint
venture
- Another successful milestone for Siemens Portfolio Companies
Siemens AG has signed an agreement to sell
its 50 percent stake in the Valeo Siemens e-Automotive (VSeA) joint venture to
Valeo. The positive profit impact of around 300 million Euros will be recorded
in the second quarter of fiscal 2022 and closing is expected in July 2022,
subject to regulatory approvals.
- Bavarian Minister-President Dr. Markus Söder kicks off H
2
lighthouse 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 CO
2
savings 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 CO
2 savings of up to 13,500
annually.
- The Carlyle Group is Flender
GmbH’s new owner
- Completion of another step
in executing Vision 2020+ strategy for enabling Siemens to become a focused
technology company
Siemens has successfully
closed the sale of Flender GmbH to The Carlyle Group for €2.025 billion
(enterprise value). In October 2020, Siemens announced its plans to sell the specialized
supplier of mechanical and electrical drive systems to Carlyle. Now that the relevant
authorities have granted the required approvals, the transaction has closed. As
previously announced, the sale of Flender results in a disposal gain of a euro
amount in the mid-triple-digit millions for Siemens AG.
- Siemens, MW Storage International, Fluence and Vibeco develop unique ecosystem for global beverage manufacturer
- Solution to enable new levels of energy optimization
- Encompasses software, financing, latest storage technology
- Sinebrychoff’s first energy storage service contract
In a move that brings new market opportunities for industrial players, Siemens has developed a unique business model to support the next level of energy optimization for Finnish brewery Sinebrychoff, a subsidiary of the international Carlsberg Group. At the heart of the solution, which will be implemented at Sinebrychoff’s plant in greater Helsinki, is a virtual power plant (VPP) and the latest energy storage technology, supported with financing solutions, to create one of the first examples of power flexibility in an industrial site.
- Sale for price of €2.025 billion
- Another step in executing Vision
2020+ strategy for becoming a focused technology company
- New ownership structure offers Flender
optimal growth and development opportunities
- Long-term and reliable commitments agreed
upon for Flender’s employees and German locations
The Managing
Board and Supervisory Board of Siemens AG have approved the sale of Flender GmbH
– a world-leading supplier of mechanical and electrical drive systems – to Carlyle.
The contracting parties signed a corresponding agreement today. The price is €2.025 billion (enterprise value). Siemens
recently gave its energy business independence through a public listing. By
selling Flender, the company is now promptly taking another important step in
the rigorous execution of its Vision 2020+ strategy for enabling Siemens
to become a focused technology company. Carlyle’s plans – following Flender’s successful
reorientation – are to further accelerate its growth and fully develop its
strengths through more independence and greater leeway for decisions. The sale also
makes it possible to forgo the originally planned spin-off and public listing
and thus offers a faster track to clarity for a successful future of Flender. The
transaction is expected to close in the first half of 2021 and is subject to
foreign-investment and antitrust approvals.
- Calibrant Energy to bundle latest distributed energy technologies and financing expertise of global leaders Macquarie and Siemens
- The joint venture will create Energy-as-a-Service solutions from a full range of energy technologies for corporate and municipal clients
Macquarie’s Green Investment Group (GIG), Siemens Smart Infrastructure and Siemens Financial Services (SFS) today announced the formation of Calibrant Energy (Calibrant), a joint venture that offers comprehensive onsite Energy-as-a-Service (EaaS) solutions at no up-front cost for its customers, which include corporate and industrial clients, as well as municipalities, universities, schools and hospitals.
- SPIC to acquire 33% of GNA I and GNA II 3 GW LNG-to-power projects
- Enter agreement to participate in future expansion projects GNA III and GNA IV as part of overall 6.4 GW power and domestic gas hub strategy at Port of Açu
Prumo, a private Brazilian company controlled by EIG Global Energy Partners, bp and Siemens signed a binding agreement with SPIC Brasil. Under the agreement, SPIC will initially acquire 33% of the GNA I and GNA II LNG-to-power projects, located in Port of Açu, Rio de Janeiro. SPIC has also entered into an agreement to participate in the future expansion projects GNA III and GNA IV, which are expected to be fueled by a combination of LNG and domestic gas from Brazil’s vast pre-salt reserves.
- 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.
- 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.
The
historical Siemensstadt will be transformed into a new working and living
environment. With Siemensstadt2, Siemens is planning to implement the largest
development project in its history.