- Fluence combines the extensive technology expertise, unique energy storage market experience, and global reach of Siemens and AES to offer proven and cost-competitive energy storage systems for a rapidly transforming sector.
- Fluence will deliver the Advancion and Siestorage energy storage platforms and will continue to develop new storage solutions and services, reaching customers in over 160 countries.
- The transaction is expected to close in the fourth quarter of calendar year 2017 following regulatory approvals.
Siemens AG ("Siemens") and The AES Corporation (NYSE: AES, "AES") announced today their agreement to form a new global energy storage technology and services company under the name Fluence. The joint venture will bring together AES' ten years of industry-defining experience deploying energy storage in seven countries with over a century of Siemens' energy technology leadership and its global sales presence in more than 160 countries. Combining the proven AES Advancion and Siemens Siestorage energy storage platforms with expanded services, Fluence will offer customers a wider variety of options to meet the challenges of a rapidly transforming energy landscape. The company will empower customers around the world to better navigate the fragmented but rapidly growing energy storage sector and meet their pressing needs for scalable, flexible, and cost-competitive energy storage solutions.
- Digital building technology from Siemens optimizes the efficiency and security of Dubai Opera
- Flexible usage of the architectural landmark as an opera house, concert venue or banquet hall
- Desigo CC building management platform controls all systems through a fully customized 3D user interface
Dubai Opera is one of the world's smartest and most energy-efficient performance spaces thanks to an extremely powerful building management platform from Siemens. The dhow-shaped building is a multi-format performing arts center which accommodates up to 2,000 spectators.
On the first day of the Hannover Messe, April 24, Klaus Helmrich welcomed you to the annual Siemens Press Conference. As member of the Managing Board of Siemens AG, Klaus Helmrich is responsible for the Digital Factory as well as Process Industries and Drives Divisions. The Press Conference took place at 6:30 PM in the Trade Fair's Convention Center, Room 1 A/B. Mr Helmrich talked about current digitalization trends in the manufacturing and process industries under the heading "Discover the value of the Digital Enterprise".
- 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.
At ISH, the leading international trade show for building, energy and air conditioning technology and renewable energy sources took place in March 2017 in Frankfurt, Germany, the Siemens Building Technologies Division exhibited its current portfolio of products, systems and solutions for energy-efficient rooms and buildings as well as heating, ventilation and air conditioning (HVAC) technology.
The motto of this year's Building Technologies display was "Creating Perfect Places." Today, people spend about 90 percent of their lives in buildings – not just their own residence, but also offices, production facilities, schools and universities as well as hospitals and retirement homes. Products and solutions from Siemens help make these buildings perfect places – safe and secure places with a comfortable climate.
- 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.
- Siemens outlines innovative ways and approaches to boost large-scale capital in infrastructure financing
- Convergence of disruptive technology and public-private partnerships identified as key drivers of narrowing Asia's infrastructure gap
- The way forward lies in analyzing completed projects, establishing stable risk-sharing and making procurement more transparent
Increasing the bankability of developments is a key factor to narrowing Asia's infrastructure gap, according to speakers at the "Drivers of Infrastructure Investment in the Asian Market" symposium organized by Siemens Financial Services (SFS) yesterday.
The first passenger train will roll through the Gotthard Base Tunnel early June 2016. Siemens has supplied the tunnel control and fire protection systems for the world's longest railway tunnel. The sophisticated safety system has over 200,000 sensors, and places maximum demands on logistics and data processing.The control system controls and monitors all installations completely automatically. The tunnel is fitted with sensors, control electronics and surveillance equipment. This includes video cameras in the multifunction points, which are connected by optical fiber cables to two tunnel control centers located at the north and south entrances. Siemens has installed a tunnel control system in each center, each system acting as a reserve for the other. The movement of each train is recorded, and displayed in the control center. The system controls the entire infrastructure, which has 3,200 kilometers of electrical cables and 2,600 kilometers of data cables. It detects a door that has not been closed properly or a light that has failed. When required, the ventilation system is activated, the light at the next emergency stop point is switched on, and the doors are opened automatically. What is actually happening is seen on screen by the around 60 employees on duty in the centers. "Events" are classified according to five alarm stages. The system provides information and decision-making steps for each stage to help the head of operations. Sensors check the trains for overheated brakes and leaks before they enter the tunnel and without requiring them to stop. However, the main task of the new system is to maintain availability. The maintenance periods, such as close-down times and spare parts requirement, can be efficiently planned with a new tool.It goes without saying that safety is paramount in a tunnel where in the near future more than 200 trains a day will barrel through the tubes at speeds up to 250 km/h. The tubes are connected every 300 meters by crosscuts that allow train passengers to escape to the other tube in case of a fire. Each tube has two emergency-stop stations 600 meters in length which allows the evacuation of up to 1,000 passengers.
Siemens Financial Services (SFS) has released new research examining how global manufacturers are using innovative finance to seize market opportunities through digitalization and automation. Conducted among manufacturing finance managers in 13 countries, the study found that manufacturers across the world are reporting a need to invest in new-generation technology in order to meet four key sector challenges.These are: to increase production capacity and flexibility to meet changing demand and drive sales; to improve client service quality while reducing production costs; to improve competitive positioning through improved product quality and broader product range and to optimize efficiency, cost control and manufacturing agility through automation and digitalization.