- Dynamic load flow control solution for grid stabilization and resilience
- UPFC PLUS controls load flow in milliseconds
- Facilitating the increasing integration of renewable energy
With its new Unified Power Flow Controller, called UPFC PLUS, Siemens Energy is expanding the options for grid stabilization. The UPFC PLUS will help system operators stabilize the grid by dynamically controlling the load flow in alternating-current grids. Easy to integrate into existing infrastructure, the UPFC PLUS improves the efficiency of today’s power grid while providing the grid stability and resilience required in the ever-changing energy landscape.
- About one sixth of all electricity generated worldwide is based on Siemens Energy technology
- Leading portfolio from conventional to renewable energy
- Clear commitment to accelerate profitability by rigorously driving operational excellence, portfolio adjustments and gradually shifting innovation focus towards sustainability and service
- Clear target for Adjusted EBITA margin (before Special Items) of 6.5 to 8.5% for fiscal year 2023
At a virtual capital market day, Siemens Energy, a world leader in energy infrastructure, today laid out its post-spin-off strategy. Siemens Energy is aiming for accelerated profitable growth. Management aims to achieve an Adjusted EBITA margin before Special Items of 6.5% to 8.5% for fiscal 2023. The Executive Board is committed to drive operational excellence, portfolio adjustments to meet market demand and gradually shift the focus of innovation and R&D to sustainability and service.
- New 900-megawatt (MW) combined cycle power plant to provide over eight percent of Alberta’s energy supply
- Siemens Energy to provide its state-of-the-art natural gas turbine technology and service
- Project designed to significantly reduce the province’s carbon footprint from energy
Futhering its commitment to decarbonizing the energy sector worldwide, Siemens Energy has been selected to provide its highly efficient gas turbine technology and long-term services to the planned 900 MW Cascade Power Plant in Alberta, Canada. The project supports the decarbonization of Alberta's power supply by switching from coal to natural gas. Once operational, the power plant is expected to reduce Alberta’s carbon emissions from energy production by up to five percent.
- Innovative energy and infrastructure concept for the Rhenish mining area in Germany showcasing a model for Europe
- Emission-neutral coupling of the energy, mobility, logistics and industry sectors in Kerpen by 2032
The Kolping city of Kerpen, located in the German Rhine-Erft district, is planning to become a highly modern innovation center and a technology nucleus in the Rhineland region by 2032 within the framework of the "SpeicherStadtKerpen" project. With the signing of the cooperation agreement by partners innogy Westenergie, Siemens Energy and Stadtwerke Kerpen, the Kolping city with its approximately 70,000 inhabitants has reached another important milestone for this ambitious future project.
- SPIC to acquire 33% of GNA I and GNA II 3 GW LNG-to-power projects
- Enter agreement to participate in future expansion projects GNA III and GNA IV as part of overall 6.4 GW power and domestic gas hub strategy at Port of Açu
Prumo, a private Brazilian company controlled by EIG Global Energy Partners, bp and Siemens signed a binding agreement with SPIC Brasil. Under the agreement, SPIC will initially acquire 33% of the GNA I and GNA II LNG-to-power projects, located in Port of Açu, Rio de Janeiro. SPIC has also entered into an agreement to participate in the future expansion projects GNA III and GNA IV, which are expected to be fueled by a combination of LNG and domestic gas from Brazil’s vast pre-salt reserves.
- Siemens finalizes investment and framework agreements with BECIS
- Investment makes Siemens a major shareholder in BECIS
- Partnership enables customers to redirect capital funding to core business
- Innovative funding solutions for distributed energy solutions and services
Combining its financial expertise with intelligent energy solutions and services, Siemens has entered investment and framework agreements with Berkeley Energy Commercial Industrial Solutions (BECIS). Together, they will provide customers access to distributed energy solutions via a flexible ‘Energy as a Service’ (EaaS) model, allowing customers in the Asia Pacific market to pay for energy services without the need for any capital investment. This will address customers’ energy cost and sustainability challenges.
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 atwww.siemens.com/agm-servicewill 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.
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.
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.
- Siemens will upgrade control and protection system of Moyle Interconnector
- Refurbishment increases security of supply, improves integration of renewable energy and enhances provision of ancillary services
Siemens Gas and Power (Siemens Energy) has been awarded the project to refurbish the Moyle Interconnector, a high-voltage direct-current (HVDC) link between Ballycronan More in County Antrim, Northern Ireland, and Auchencrosh, Scotland. Owned and operated by Mutual Energy, the Moyle Interconnector control and protection system is almost 20 years old and is being modernized to enhance its operation. The refurbishment of the 500-megawatt interconnector will increase the security and reliability of the power supply to consumers in the United Kingdom. The project to upgrade the technology originally installed by Siemens in 2001 is now underway and the refurbishment is scheduled to be completed in September 2022.