The information contained herein is not for publication or distribution, directly or indirectly, in or into any jurisdiction where to do so would be prohibited by applicable law.
- Spin-off approved by 99.36 percent of capital stock represented
- Capital Market Day for Siemens
Energy planned for September 1, 2020
As expected,
a large majority of Siemens shareholders at today’s Extraordinary Shareholders’
Meeting voted to approve the spin-off of the company’s energy business to Siemens
Energy AG. This step paves the way for the establishment of an independent
company rigorously focused on the energy sector. In the future, Siemens AG will
concentrate on Digital Industries, Smart Infrastructure and Siemens Mobility. In total, 61.94 percent of the capital stock of Siemens AG entitled to vote was represented at
the shareholders’ meeting, which was held as a virtual event due to the coronavirus
crisis. Approval of the Spin-off and Transfer Agreement between Siemens AG and Siemens
Energy AG was the only item on the meeting agenda. The agreement was approved by a
majority of 99.36 percent of
the capital stock represented. The highest number of participants following the
Extraordinary Shareholders’ Meeting online was 3,870.
- Measurement and control of particulates with a particle size of 0.3 to 2.5 μm (PM2.5) or 0.3 to 10 μm (PM10)
- Unique mechanical design for highly accurate measurements
- Easy installation on existing and new air handling units (AHU)
The new PM2.5 duct type fine dust sensor from Siemens Smart Infrastructure comes in two variants and creates a healthy as well as productive indoor air climate. Part of the Symaro product group, the sensors measure dust and dirt particles, including fine sand, transmitting them rapidly and precisely to advanced building management systems for comprehensive climate monitoring and control. This improves the indoor air quality of residential and commercial buildings, which in turn has a positive effect on the health and comfort of room occupants. By ensuring the early detection of hazardous particles, the sensors help achieve energy and cost- efficient control of the entire HVAC system.
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herein is not for publication or distribution, directly or indirectly, in or into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.
- 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.
- Up to three additional applications on one processor module
- Siapp eliminates need for additional hardware, saving space and costs
- Secure distributed data processing 24/7
Siemens Smart Infrastructure is expanding the options for distribution grid applications with the new Siapp, a software license for the Sicam A8000 automation and remote terminal unit. The Siapp application is based on the Sicam A8000 with the powerful CP-8050 processor module. Siapp allows up to three separate custom applications to be developed, parameterized and loaded onto the remote terminal unit. Only one runtime license is needed. Siapp complies with the strictest data security standards and benefits customers including major energy suppliers, municipal utilities and industrial companies.
- 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.
- Direct integration into Building Operator for control, alarming and energy reporting
- Expanded product range now available as 3-port valve
- New features such as Delta-T limitation control, make it possible to optimize plants with chillers and reduce consumption
The self-optimizing and dynamic Intelligent Valve from Siemens Smart Infrastructure has become more versatile, thanks to new features and applications for heating groups and air handling units. The device controls the flow, measures temperature and output and automatically adjusts the valve settings to the heat exchanger. The Intelligent Valve is connected to the cloud and now, for the first time, directly integrated into Building Operator, the Siemens cloud application for the remote monitoring of buildings. This makes it possible to control the Intelligent Valve and adjust its settings anytime and anywhere. For increased flexibility, the product range has been expanded to include 3-port valves, which allow variable-temperature and constant-flow control of the water supply (mixed circuits). New features such as Delta-T (DT) limitation control, differential pressure and flow temperature control ensure smooth and energy-efficient HVAC plant operation and enable the Intelligent Valve to be used in even more applications.
- Joint training against cyberattacks key in protecting digital grids
- Valuable insights on attacks and vulnerabilities enable innovative solutions and safer products
Siemens Smart Infrastructure and the NATO Cooperative Cyber Defence Centre of Excellence (CCDCOE) have signed a Memorandum of Understanding (MoU) to continue the cooperation on cybersecurity for critical infrastructure. The CCDCOE organized annual high-level cyber defence exercise Locked Shields exercise provides a key pillar to jointly build up defence capabilities. With the new agreement, the parties advance their existing cooperation on cyber security training for power grids. In experimenting with grid control software Spectrum Power, Siemens gains valuable insights on the potential attack vectors and can thoroughly test new security features or protocols for its products and solutions.
- 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.