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• Luna Rossa Prada Pirelli uses Siemens Xcelerator as a Service to accelerate development of the ultimate AC75 America’s Cup yacht
• Cloud-based collaboration is used to manage increased design complexity and improve manufacturing repeatability, in and out of season
• The team leverage the power of high-performance computing (HPC) clusters, running thousands of simulations per day to explore new designs

Siemens Digital Industries Software announced today that the Luna Rossa Prada Pirelli America's Cup team is using the Siemens Xcelerator portfolio of software and services to design, simulate and optimize its racing yacht for the forthcoming America’s Cup challenge (37th America’s Cup).

• Annual Shareholders’ Meeting to be held in virtual format on February 9, 2023
• Dr. Regina E. Dugan (Wellcome Leap Inc.), Keryn Lee James (former CEO of the ERM Group, and expert for sustainability) and Martina Merz (thyssenkrupp AG) nominated for election to Supervisory Board
• Reelection of four other Supervisory Board members proposed: Dr. Werner Brandt (Chairman of the Supervisory Board of RWE AG), Benoît Potier (Chairman of the Board of Directors of ĽAir Liquide S.A.), Dr. Nathalie von Siemens (member of supervisory boards) and Matthias Zachert (Chairman of the Board of Management of LANXESS AG)
• Michael Diekmann, Dr. Norbert Reithofer and Baroness Nemat Shafik to leave Supervisory Board
• Supervisory Board and Managing Board propose increasing dividend to €4.25, up from €4.00 in prior year 

Siemens AG today published the notice for its next ordinary Annual Shareholders’ Meeting on February 9, 2023. The Managing Board of Siemens AG has decided, with Supervisory Board approval, that the Annual Shareholders’ Meeting will again be held as a virtual event. In addition, the Supervisory Board has proposed the election of three new members. Approval from the Annual Shareholders’ Meeting for all of the Supervisory Board’s election proposals would mean that, in the future, half of the ten shareholder representatives on the Supervisory Board would be female. As part of its sustainability commitments, the company will, for the first time, offset the carbon emissions caused by sending nearly a million invitations.

• Siemens to supply Advanced Distribution Management System (ADMS) and smart metering infrastructure
• Purchaser is North Delta Electricity Distribution Company (NDEDC), which serves customers in Damietta, a city in the Nile delta
• Implementing state-of-the-art software will increase efficiency, stability and reliability of the power grid while reducing electricity distribution losses
• Order volume about EUR 40 million

Siemens has been awarded a new contract to establish a distribution management system and advanced metering infrastructure for North Delta Electricity Distribution Company (NDEDC). As a subsidiary of the state-owned utility Egyptian Electricity Holding Company (EEHC), NDEDC is responsible for the distribution network of the Daqahleya, Damietta and Kafr El-Sheikh governorates and serves about 4.5 million electrical subscribers. Siemens will be implementing an ADMS control center for the Damietta region. This project is funded by the Japanese International Cooperation Agency (JICA) and has a value of about EUR 40 million and is known as Lot 3. Siemens already received an order with a similar scope for Egypt´s Alexandria region in September 2022.

• Approximately 46 percent CO2 reduction in own operations since 2019
• Ambitious targets: 55 percent physical CO2 reduction by 2025 and 90 percent by 2030
• Approximately 150 million tons customer emissions avoided with Siemens’ products and solutions sold in FY 2022
• €650 million investment for own decarbonization by 2030
• €280 million investment for training and continuing education of own workforce in 2022

Siemens has been a pioneer in sustainability for many years and is continuing to accelerate its commitments. With the publication of its Sustainability Report covering environmental, societal and corporate governance (ESG) for fiscal 2022, the company announced new, more ambitious targets for its own decarbonization as well as extensive investments. Siemens also disclosed the customer emissions avoided through its products and solutions sold in 2022, approximately 150 million tons, based on an updated future impact calculation methodology in accordance with the principles outlined in the Greenhouse Gas (GHG) Protocol Reporting Standard. 

• Record: ICE 3neo commissioned just two and a half years after ordering
• First trip from Frankfurt/Main to Cologne
• DB investing ten billion euros in expanding its long-distance fleet
• 73 ICE 3neos by 2029

(Frankfurt am Main, December 5, 2022) Deutsche Bahn (DB) is putting its latest ICE generation into service around a week earlier than originally planned. The new ICE 3neo is making its inaugural trip with passengers today between Frankfurt/Main and Cologne. Partners DB and manufacturer Siemens Mobility succeeded in getting the train up and running in record time. Despite pandemic-related restrictions and disrupted supply chains worldwide, the inaugural passenger trip is taking place just two and a half years after the train was ordered in July 2020.

• Siemens to bundle qualification programs for technical training and continuing education in new, Germany-wide SiTecSkills Academy
• Certified continuing education offerings to strengthen employability in digital transformation
• Academy to advise Siemens’ units and partners on concrete, demand-oriented qualification measures
• SiTecSkills Academy to also be open for external partners

Siemens is launching an academy for continuing education that will focus on technical up- and reskilling. At 19 regional training centers across Germany, the SiTecSkills Academy will make a comprehensive, certified portfolio of qualification measures available in new areas of digitalization and sustainability. This initiative aims to enhance employee skillsets to meet the requirements of the digital transformation within the work environment. The Academy primarily aims to provide training to employees in manufacturing, service, sales, finance, controlling and business support functions. In doing so, the SiTecSkills Academy supplements the portfolio offered by the Siemens Professional Education training unit by providing targeted occupational and technical learning opportunities. Thus, the Academy seamlessly fits into Siemens’ existing continuing education offerings. The new aspect is that this offering is available to both internal and external partners within the learning ecosystem.

The sale of Siemens Commercial Vehicles business to Meritor closed successfully on November 30. In May 2022, Siemens had announced the contract signing to sell Commercial Vehicles business to Meritor, Inc. for a purchase price of around €190 million (Enterprise Value).

• Reyrolle 7SR46 provides protection, control, monitoring, instrumentation, and metering
• Dual powered overcurrent and earth fault protection for medium voltage applications
• High-performance protection from a cost-effective and user-friendly protection relay

Siemens is expanding its family of Reyrolle protection devices with the launch of the 7SR46. Complementing an extensive portfolio of protection relays for distribution and industrial grids, the primary application for the Reyrolle 7SR46 is to provide overcurrent and earth fault protection in medium voltage distribution transformer stations. Mounted in a ring main unit, the protection device detects cable faults on the network and operates quickly to disconnect the fault. The 7SR46 dual powered protection relay is to be showcased at Enlit Europe, taking place in Frankfurt from November 29 to December 1.

• OverIT is a leading provider of field service management software
• Advanced field service management complements the modular Grid Software Suite to create a holistic digital twin of the grid
• Field service management is business-critical for utilities
• Complementary product partners are part of the Siemens Xcelerator strategy to create an ecosystem of partners

Siemens Smart Infrastructure has partnered with OverIT, the global leader in field service management, to expand its ecosystem of partners for its grid software business. Headquartered in Italy, OverIT offers a software solution to boost productivity in workforce management and create data analytics to track, calculate and analyze field service operations. This partnership further strengthens the Siemens Grid Software portfolio ecosystem, enabling exponential growth in distributed renewable energy by integrating information from all essential parts of the converging OT/IT landscape.