- Leading experts in latest HVDC converter and cable technology join forces
- India's first HVDC link featuring state-of-the-art VSC technology
- Transmission link to support Government’s Vision of 24x7 power for all
A consortium between Siemens and Sumitomo Electric Industries Ltd. has been awarded an HVDC order from Indian transmission operator Power Grid Corporation of India (POWERGRID) to supply a high-voltage direct current (HVDC) transmission system. The about 200 km long HVDC connection will be India’s first DC link featuring voltage-sourced converter (VSC) technology. VSC is the latest innovation in HVDC technology offering a very stable and highly flexible reactive power control independent of active power control and additional features to support the AC systems like blackstart capability. Furthermore, this solution is ideal to be combined with XLPE cable technology. Siemens will be supplying two converter stations with two parallel converters, each rated 1000 Megawatts (MW), featuring its VSC HVDC technology while Sumitomo Electric will be responsible for the XLPE HVDC cable system in the DC circuit. The combined order volume for Siemens and Sumitomo Electric is approximately $520 million. The grid connection is scheduled to go into operation in the first half of 2020.
- 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.
- Significant expansion of Siemens' successful apprenticeship program in the United States
- Commitment to hire and train at least 300 U.S. military veterans per year over next three years, in addition to more than 2,500 already part of workforce
- Pledge of more than $2 billion in industry software grants to train students for nextgen manufacturing jobs
Siemens Joe Kaeser, President and CEO of Siemens AG, bolstered Siemens' strong commitment to strengthening American manufacturing during a meeting today at the White House with President Donald Trump.
- Siemens' second-largest bond placement to date
- Financing of announced acquisitions and refinancing of outstanding and matured debt
- Credit rating unchanged
Siemens has successfully placed another large U.S.$ bond issue following last year's U.S.$6 billion transaction and a U.S.$7.75 billion transaction in 2015. It was the company's fourth bond placement in the U.S. capital market and its second-largest ever. The transaction was closed yesterday.
Eva Schulz-Kamm (45) will assume global responsibility for Government Affairs at Siemens on April 15, 2017. Schulz-Kamm is currently head of Political Affairs & Public Co-Creation at NXP in Hamburg.
Siemens has been in the U.S. for more than 160 years and it is now the company’s largest market. The company is using its global leadership in engineering and technology innovation to meet America’s toughest challenges. From efficient power generation to digital factories, from wellhead to thermostat, and from medical diagnostics to locomotives and light rail vehicles, Siemens in the United States delivers solutions for industry, hospitals, utilities, cities and manufacturers. Siemens’ next-generation software is used in every phase of product development, enabling manufacturers to optimize and customize equipment that touches American lives every day.
- Press conference ahead of the Hannover Messe on March 14 in Karlsruhe
- Press conference at the Hannover Messe with member of the Managing Board Klaus Helmrich on April 24
- Trade fair presentation under the banner "Discover the value of the Digital Enterprise"
- "MindSphere-Lounge" draws visitors into the Cloud
At an international press conference, due to be held ahead of the Hannover Messe 2017 on March 14 in Karlsruhe, Siemens will be offering a preview of its trade fair presentation and the company's latest solutions. Providing an insight into the company's planned business and technological orientation and into the latest product innovations being unveiled at this year's Hannover Messe will be the CEOs of the Digital Factory and Process Industries and Drives, Dr. Jan Mrosik and Dr. Jürgen Brandes, as well as Dr. Beatrix Natter, CEO of the Transformers Business Unit for Energy Management. In keeping with its theme for this year's fair, "Discover the value of the Digital Enterprise", Siemens will be showing ways in which companies of different sizes and in different industries can benefit from digitalization – through a shorter time-to-market, greater flexibility, and improved efficiency and quality.
- Booth slogan "Discover the value of the Digital Enterprise"
- Digitalization enhances flexibility, speed, efficiency and quality
- Innovations in power distribution, automation and drive technology as well as industrial software
- MindSphere extended to include partnerships, apps and interfaces
At the Hannover Messe 2017, Siemens will be demonstrating how industrial companies of all sizes can benefit from the digital transformation. The central focus of the 3,500-square meter booth in Hall 9 will be on the company's further extended portfolio for the achievement of end-to-end digitalization, known as the "Digital Enterprise". An array of examples from practice will allow visitors to experience applications and innovations demonstrating the competitive benefits to be gained by merging the real and the virtual worlds. These include greater flexibility, efficiency and quality as well as a reduced time-to-market. The examples on show range from smart energy management systems through customized food and pharmaceutical production to industrial-scale additive manufacturing based on innovative automation and drive technology. Siemens is also driving forward the expansion of its cloud-based, open IoT operating system MindSphere with the addition of new partnerships, interfaces and apps.
- 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.
The foundation stone of the future converter station was laid on the morning of February 23rd in Folkestone by Jesse Norman, Minister for Industry and Energy signalling the start of the construction work for high-voltage direct-current (HVDC) project ElecLink. Siemens has been awarded an order to supply a link between the French and British power grids by customer ElecLink Limited, a wholly owned subsidiary of Groupe Eurotunnel SE. The ElecLink high-voltage direct-current (HVDC) link will enhance power supply reliability in both countries and promote the integration of renewable energy sources into the power grid. ElecLink, when complete, will supply enough electricity to power more than 1.65 million typical households per year. The HVDC link between France and Great Britain has been designated as one of the European Commission's projects of common interest to help create an integrated European Union energy market.