- Strategic partnership aims to optimize investment and technical grid planning for customers
- Cooperation addresses evolving needs of energy industry and supports transition to more sustainable future
- Complementary partnership is part of the Siemens Xcelerator ever-growing ecosystem of partners to accelerate digital transformation
Siemens Smart Infrastructure has today announced its collaboration with Copperleaf, a
Canadian-based provider of asset investment planning software, growing its existing
ecosystem of grid software partners. The strategic partnership aims to optimize investment
and technical grid planning for customers, including transmission system operators (TSOs)
and distribution system operators (DSOs), by combining the companies’ expertise. The shift
to a decarbonized energy future requires these organizations to adopt a holistic approach to
planning and optimization through strategic and operational considerations. The partnership
is part of the Siemens Xcelerator ever-expanding ecosystem of partners. Siemens
Xcelerator is an open digital business platform that enables customers to accelerate their
digital transformation easier, faster and at scale
- Orders in fiscal 2023 rose 7 percent on a comparable basis to €92.3 billion (fiscal 2022: €89.0 billion)
- Revenue in fiscal 2023 grew 11 percent on a comparable basis to €77.8 billion (fiscal 2022: €72.0 billion)
- New record highs: Profit Industrial Business of €11.4 billion (fiscal 2022: €10.3 billion); profit margin Industrial Business climbed to 15.4 percent (fiscal 2022: 15.1 percent)
- Free cash flow for Siemens Group at record level of €10.0 billion (fiscal 2022: €8.2 billion)
- Net income nearly doubled to historic high of €8.5 billion (fiscal 2022: €4.4 billion)
- Increased dividend of €4.70 per share proposed (fiscal 2022: €4.25)
- Innomotics: Preparation of standalone options to be initiated
- Outlook for fiscal 2024: Siemens expects revenue growth of 4 percent to 8 percent on a comparable basis and basic earnings per share before purchase price allocation accounting, excluding the Siemens Energy Investment, of between €10.40 and €11.00
continued its profitable growth trajectory and set multiple new records in
fiscal 2023 (ended September 30, 2023). In a historic, record-breaking
performance by Siemens’ operating business, revenue for the full year rose 11 percent
on a comparable basis – excluding currency translation and portfolio effects – to
the upper end of the company’s raised guidance (9 percent to 11 percent).
The profit and profitability of the Industrial Business reached new record
levels as did net income. Shareholders are also to benefit
from the company’s outstanding performance. The Supervisory Board and Managing
Board propose increasing the dividend from €4.25 in fiscal 2022 to €4.70 a share.
- Siemens intends to acquire 18% in
Siemens Ltd. India for a purchase price of 2.1 billion euro
- Siemens and Siemens Energy will
jointly propose to the Board of Directors of Siemens Ltd. India to separate the
energy business by way of a demerger
- Simplification of corporate setup in
one of the fastest growing and strategically important markets
- Siemens has agreed with Siemens
Energy indirect financial measures totaling one billion euro to allow third
parties to arrange guarantees for Siemens Energy
Siemens AG has taken measures to support the stability
of Siemens Energy AG and accelerate separation in India – in the best possible
interests of all parties. Specifically, Siemens intends to enter into a share
purchase agreement with Siemens Energy to acquire an 18% stake in Siemens Ltd.
India from Siemens Energy for a purchase price of 2.1 billion euro in cash.
This would increase Siemens’ stake in the publicly listed Siemens Ltd. India from
51% to 69%, while Siemens Energy’s stake would decrease from 24% to 6%. With
the intended acquisition, Siemens and Siemens Energy accelerate unbundling the
business activities of the Indian subsidiary of Siemens. The
purchase price reflects a customary discount of 15% on the 5-trading-days volume-weighted
average price before the day of signing. Siemens will provide no new guarantees to Siemens Energy.
- Aspern Smart City Research (“ASCR”) commissions Siemens to roll out new
low-voltage software, LV Insights® X, to aspern Seestadt in Vienna
- LV Insights® X, part of the Siemens Xcelerator portfolio, will enable ASCR to
create a digital twin of its distribution grid, enabling flexible network
- The new software could reduce power outages by 30 percent
Siemens continues to enable its customers globally to accelerate the energy transition, most
recently through the implementation of its low-voltage software to Aspern Smart City
Research (“ASCR”) in Vienna. Using Siemens’ next generation grid management software,
LV Insights® X, ASCR will be able to visualize the entire low-voltage network of aspern
Seestadt, a part of Vienna. aspern Seestadt is one of Europe's largest urban development
projects. With a digital twin, ASCR can identify critical segments, increase the usable
capacity of its grid, and integrate more renewable energy without additional grid expansion,
supporting their decarbonization efforts.
- Siemens and Schaeffler integrate generative AI-powered assistant in a production machine – world premiere at SPS trade show
- Industrial Copilot will optimize engineering and support operations – and it’s easy, fast and efficient
- Industrial Copilot is key to addressing the qualified workforce shortage
Technology company Siemens
is harnessing the power of generative artificial intelligence (AI) to help
industrial companies drive innovation and efficiency across the design,
engineering, manufacturing and operational lifecycle of products. At the Smart
Production Solutions (SPS) trade show in Nuremberg, Siemens and the motion
technology company Schaeffler are showcasing a production machine that is augmented
with the Industrial Copilot for the first time. The two companies are demonstrating
how the Industrial Copilot can augment Siemens’ industrial automation
engineering and operation solutions.
- The most advanced future energy grid simulation hub of its kind in Australia
now available for industry and academia
- $5.2 million Hub at Swinburne’s Hawthorn campus features some of the world’s
most advanced digital technology from Siemens
- Hub simulates digital twin of Australia’s energy grid, enabling future energy
Siemens and Swinburne University of Technology have launched the most advanced future Energy Transition Hub of its kind in Australia at the University’s Hawthorn campus in Melbourne.
- Total U.S. investments to support high-growth
markets like data centers, batteries, semiconductors, EV charging and rail transportation
US$150 million investment in Dallas-Fort Worth production of critical electrical infrastructure
equipment to help power U.S. data centers and accelerate adoption of
artificial intelligence (AI)
- Already announced: US$220 million rail
manufacturing plant to bolster U.S. infrastructure and mobility
- All investments to create a total of around 1,700
jobs in the U.S.
- Part of €2 billion global investment strategy to boost growth, innovation and
Today, Siemens announced an
investment of US$150 million in a new high-tech manufacturing plant in
Dallas-Fort Worth to help power American data centers and critical
infrastructure. This plant will produce state-of-the-art reliable and efficient
electrical equipment. It will enable accelerated growth of U.S. data centers, which
is being driven by the exponential adoption of generative AI. It will also ensure
secure operation of critical infrastructure. This investment specifically
supports long-term customers in the data center space, where demand is expected
to grow by around ten percent annually through 2030.
- Norwegian distribution system operator, Elvia, to use Siemens’ SaaS product, LV Insights® X, to automate processes and handle grid complexity in the LV grid
- LV Insights® X, part of the Siemens Xcelerator portfolio, has been operational at Elvia in conjunction with Spectrum Power TM 7 ADMS since October 2023
- Partnership will enable future-proof distribution grid management in Norway, one step further on the journey towards autonomous grids
Siemens’ software has been deployed to Norwegian distribution system operator (DSO) Elvia, with the goal to future-proof its distribution grid management. Siemens’ low voltage software, LV Insights® X, and advanced distribution management system, Spectrum PowerTM 7 ADMS, are now operational and will provide Elvia with relevant insights to flexibly manage its grid and increase capacity fast. With LV Insights® X, Elvia is able to leverage existing data and create a digital twin to monitor the status of the grid, resulting in optimized outage management. This leads to cost-savings, improved grid stability and ultimately, customer satisfaction.
- Companies introduce Siemens
Industrial Copilot, a generative AI-powered assistant, designed to enhance
human-machine collaboration and boost productivity.
- Companies will work together to
build additional copilots for manufacturing, infrastructure, transportation,
and healthcare industries.
- Leading automotive supplier,
Schaeffler AG, is an early adopter of Siemens Industrial Copilot.
- In addition, the Siemens Teamcenter
app for Microsoft Teams will be generally available in December 2023 and
accelerate innovation across the product lifecycle.
Microsoft and Siemens are deepening their partnership by bringing the
benefits of generative AI to industries worldwide. As a first step, the
companies are introducing Siemens Industrial Copilot, an AI-powered jointly
developed assistant aimed at improving human-machine collaboration in
manufacturing. In addition, the launch of the integration between Siemens
Teamcenter software for product lifecycle management and Microsoft Teams will
further pave the way to enabling the industrial metaverse. It will simplify
virtual collaboration of design engineers, frontline workers, and other teams
across business functions.