- The University of East London (UEL) has reduced its carbon emissions by 10 percent in phase one of its new net zero strategy
- UEL partnered with Siemens to develop and deliver the strategy, designed to improve energy efficiency and renewable integration
- Siemens and UEL to co-create a ‘Living Lab’ to help embed sustainability into course curriculums
The University of East London (UEL) has reduced its carbon emissions by 10 percent from its 2020/21 baseline to 2022/23 in the first phase of its new net zero strategy, putting the organisation on track to achieve its 2030 net-zero target.
- Innomotics to be sold to KPS Capital Partners
for €3.5 billion
- Innomotics is a global leader in electrical motor and large-drive
business with €3.3 billion in revenue and employs approximately
15,000 people
- Future setup offers the Innomotics business the
best framework conditions for sustainable and growth-oriented development
- Transaction expected to close in first half of
fiscal 2025
- Another step for Siemens in focusing its
portfolio
The Managing Board and
Supervisory Board of Siemens AG have approved the sale of Innomotics – a
world-leading electric motors and large drives company – to KPS Capital
Partners, LP (“KPS”). The contracting parties have signed a corresponding
agreement. The purchase price (enterprise value) is €3.5 billion. The sale to
KPS is expected to close in the first half of fiscal 2025 and is subject to customary
foreign-investment and merger control approvals.
- Siemens and Foxconn sign memorandum of understanding (MoU) highlighting joint commitment to sustainability
- Cooperation to define standards for the factory of the future and manufacturing processes
- Innovations to positively impact information and communications technology and electric vehicle production ecosystems
- Siemens Xcelerator portfolio to optimize Foxconn's operations for efficiency and agility
Siemens AG, a leading
technology company, and Hon Hai Technology Group (Foxconn), the
world's largest electronics manufacturer, have signed a memorandum of
understanding (MoU) to drive digital transformation and sustainability in smart
manufacturing platforms.
Today,
Brightline announced that Siemens Mobility (Siemens) has been designated the
“preferred bidder” to build train sets for the Brightline West high-speed rail
project that will connect Las Vegas and Southern California. The contract will
include a fleet of ten “American Pioneer 220” (AP 220) train sets to be
manufactured, delivered to Nevada and tested to support Brightline West’s
timeline of initiating service in 2028.
- Prototype Megawatt Charging System [MCS] from Siemens successfully delivered a 1MW charge
- The new technology highlights the potential for megawatt charging to redefine long haul trucking
- The Siemens SICHARGE Megawatt Charging System used is based on its SICHARGE portfolio with a customized MCS dispenser
Siemens Smart Infrastructure has completed the first successful 1MW charge, in a pilot which brought together a prototype MCS charging station from Siemens and a long-haul prototype eTruck from a well-established OEM.
- At €19.2 billion on a comparable basis, revenue was nearly unchanged year-over-year (Q2 2023: €19.4 billion)
- Orders in Q2 2024 reached €20.5 billion (Q2 2023: €23.6 billion), a decline of 12 percent on a comparable basis
- At €2.5 billion, Profit Industrial Business was close to the prior-year level (Q2 2023: €2.6 billion)
- Net income totaled €2.2 billion (Q2 2023: €3.6 billion); net income in Q2 2023 benefited from a tax-free gain of €1.6 billion from the partial reversal of an impairment of Siemens’ stake in Siemens Energy AG
- Free cash flow all-in at Group level was €1.3 billion (Q2 2023: €2.3 billion)
- Outlook at Group level confirmed
Siemens delivered solid performance in the second quarter, successfully meeting the high demand for digitalization and sustainability technology. Notably, the industrial software business showed strong growth with particularly high demand in the semiconductor industry. Demand from customers for the construction of data centers also showed strong momentum. Currently muted demand in the short-cycle automation business at Digital Industries, particularly in China and Europe, was largely offset by strong revenue development at Smart Infrastructure and Mobility. In addition, Siemens took a key step in focusing its portfolio with the sale of Innomotics to KPS Capital Partners for €3.5 billion.
- Maschinenfabrik
Reinhausen certified as Siemens Xcelerator partner, complementing Electrification
X Asset Management applications with transformer and switchgear condition
monitoring and management applications
- Customers to benefit from powerful cloud
native Software as a Service (SaaS) offering, delivering management of their
entire asset fleet of switchgear and transformers
- Reaffirms Siemens’ commitment to empowering
customers with innovative digital solutions that accelerate efficiency,
resilience, and sustainability for successful energy transition
Siemens Smart Infrastructure has expanded its Siemens Xcelerator partner
ecosystem to include the TESSA® APM suite of transformer and switchgear condition
monitoring and management applications from Maschinenfabrik Reinhausen.
- Depot to be expanded to 87,550 m²
- New capacity for meeting growing demand
- 100% system availability thanks to digitalized depot operation
- Creation of attractive jobs in the region
- Up to 250 employees at the location in 2026
Siemens Mobility is investing approximately €150 million to expand its service depot in
Dortmund-Eving to 87,550 m² to meet the growing demand for rail services.
Plans call for constructing an additional 12,300 m² service hall
with storage facility, offices, and workshops to handle the maintenance of
trains up to 400 meters long. Construction
of the new building is scheduled to begin in 2024 and be completed by 2026. The
Siemens Mobility depot in Dortmund previously had a total area of
70,000 m² and will cover 157,550 m² when the project is
completed.
- ÖBB’s Desiro ML fleet grows to 294 trains
- 21 new Desiro ML trains
will enter service during
Siemens Mobility GmbH has
received an order from Austrian Federal Railways (ÖBB) for an additional 21
Siemens Desiro ML electric trainsets. The order will increase the size of ÖBB’s
Desiro ML fleet to 294 trains, of which 236 are already in service throughout the
country. This order underscores the reliability of the Siemens Mobility Desiro
ML fleet. Beginning in 2026, the trains will serve local routes in the eastern
part of the country, in particular the main line between Vienna Meidling and
Floridsdorf and outer branch lines in Lower Austria.