New research from Siemens Financial services explains how manufacturers are in a race against time to gain competitive advantage from Industry 4.0 investment, before the “tipping point” of majority adoption. A must-read for future focused manufacturing financial managers, the Whitepaper explains how Finance 4.0 solutions are providing practical methods of helping companies to urgently invest in Industry 4.0 and gain early mover advantage.
Siemens joined Gastech 2018, which took place in Barcelona, Sept. 17 – 20. In its 45th year, the world renowned event was a highly regarded gathering for upstream, midstream and downstream gas and LNG professionals. Siemens used the occasion to highlight its integrated Gas-to-Power (G2P) solutions, through which the company is playing an integral role in increasing utilization of natural gas—a highly abundant, cost-effective fuel—as a feed stock for power plants. Sessions featured Siemens speakers which are outlined below.
On March 2nd, 2017, German Chancellor Angela Merkel, Egyptian President Abdel Fattah El-Sisi, Siemens CEO Joe Kaeser and further high-ranking representatives witnessed the symbolic inauguration of the first phase of Siemens' megaproject in Egypt. The event marked an important milestone towards the completion of the project.
In collaboration with the Egyptian Ministry of Electricity and Renewable Energy, Siemens and its consortium partners, Orascom Construction and Elsewedy Electric, announced on July 24, 2018 the completion of the Egypt Megaproject in record time. The parties celebrated the combined cycle commissioning and the start of operations at the Beni Suef, Burullus and New Capital power plants. The stations will add a total of 14.4 gigawatts (GW) of power generation capacity to Egypt's national grid, enough power to supply up to 40 million people with reliable electricity. With this milestone, Egypt and Siemens have set a new world record for execution of modern, fast-track power projects, delivering 14.4 GW of power in only 27.5 months. A single combined cycle power plant block with a capacity of 1,200 megawatts typically takes approximately 30 months for construction. For the Egypt Megaproject Siemens in parallel built twelve of these blocks in record time and connected them to the grid.
Following the delivery of several Siemens SGT5-8000H gas turbines, the first steam turbine for the Egypt Megaproject began its journey in December 2016 from the Siemens factory in Muelheim to the power plant Beni Suef in Egypt. The main components of the 670-ton cargo were lifted with a heavy-duty crane from the production hall onto a transport vessel standing by at the plant's inland harbor facilities. The vessel transported the SST-5000 steam turbine from Muelheim to the deep-water port of Antwerp where it was loaded onto a heavy cargo ship and transported to Egypt.
After the steam turbines installation, the waste heat from the gas turbines will be used to produce steam that will then drive the steam turbine, thus increasing the overall power output and efficiency of the power plant. In total, Siemens will deliver twelve SST-5000 steam turbines for the Egyptian power plants Beni Suef, Burullus and New Capital. All of these steam turbines will be manufactured at the Siemens factory in Muelheim.
- Finance proves crucial for Siemens Gamesa customers across the globe
- Preferred finance agreement with Siemens Financial Services offers bundled equipment, service and capital solutions for wind industry
- Bosco Le Piane project in Italy benefits from collaboration
Helping wind energy customers overcome funding obstacles, Siemens Gamesa Renewable Energy has teamed up with Siemens Financial Services (SFS) to offer bundled solutions that include equipment and service with financing options. Finance is one of the biggest barriers facing clients as it varies from market to market, and the ability to offer financial solutions has proved to be a win-win in bringing clean energy projects online for Siemens Gamesa customers worldwide. Most recently, the Bosco Le Piane wind project in Italy benefited from this Siemens Gamesa-SFS collaboration. This is the fourth large-scale onshore wind farm in Italy financed by SFS in support of key clients that incorporate Siemens Gamesa technology. The other projects were Melfi, Tricarico and E-Vento.
- New research from Siemens Financial Services (SFS) identifies six key challenges facing manufacturers in the process of moving to an Industry 4.0 model
- Entitled Practical Pathways to Industry 4.0, the report finds that digital skills and access to finance for digital transformation are the top two challenges to a successful transition
- Without access to appropriate and sustainable third-party finance, manufacturers face a challenge to make the digital transformation needed to remain competitive
Siemens Financial Services (SFS) has released a new research paper which investigates the key challenges facing manufacturers across the globe, as they move to implement Industry 4.0. A digitalized, automated, Industry 4.0 world offers the ability to digitally link people, machinery and systems. For manufacturers, this provides a number of benefits such as improved efficiency, pre-emptive maintenance to improve up-time and closer collaboration as a result of digital data flows.
- From February 5-9, Siemens will present concrete solutions for ways that companies and investors can shape the digital future.
- Digitalization opens up huge potential for small and mid-sized companies in the manufacturing industry – with productivity gains of up to 10 percent.
- In the energy and infrastructure markets, efficiency gains are used to attain a large degree of sustainability.
- These efforts will require extensive investments, which are made easier with innovative financing solutions like pay-per-outcome financing, software financing and project financing.
During the opening session of Siemens Finance Week in the Siemens Technology and Application Center in Erlangen, about 60 decision-makers from small- and medium-sized enterprises learned about the potential of digitalization and ways that new, customer-centric business models can be introduced with the help of financing solutions. The Company Barometer prepared by the German Chambers of Commerce and Industry shows that 68 percent of small and medium-sized enterprises in Germany see opportunities for new digital business models. The optimization potential is enormous: In the manufacturing industry alone, according to the results of a Siemens Financial Services white paper, productivity can be boosted by up to 10 percent through continued digitalization. Figures from the United Nations Committee on Trade and Development (UNCTAD) indicate that this would amount to business volume of approx. €650 billion globally and €60 billion in Germany.
- Diverse suite of financial solutions provide necessary capital to expand growing energy storage sector
- Granting customers access to a combination of proven, bankable energy storage solutions with tailored financing
- Leasing and project finance options for qualified projects using Fluence's industry-leading trio of energy storage platforms
Siemens Financial Services (SFS) and Fluence, a Siemens and AES company, announce a comprehensive financing program to support customers in their investments in energy storage solutions. The new financing program will offer customers leasing and project finance options for qualified projects using Fluence's industry-leading trio of energy storage platforms. Fluence's combination of unmatched energy storage experience, proven technical solutions, and the availability of tailored financial solutions will further drive down the total system costs of energy storage and accelerate the growth of this dynamic segment of the power market, estimated by Bloomberg New Energy Finance (BNEF) to be a $100 billion market opportunity by 2030.
- Siemens supplies key components and long-term service for Sirajganj III combined cycle power plant
- Financial Services division provides up to USD80 million construction loan
Siemens Power and Gas (PG) Division recently received an order for the supply of key components for the Sirajganj III combined cycle power plant in Bangladesh providing a SGT5-2000E gas turbine and generator, as well as a long-term service contract for the project. Siemens' Financial Services Division (SFS) is contributing an up to USD80 million construction loan to support the project's successful and timely close. SFS is undertaking a primary/Mandated Lead Arranger (MLA) role in the transaction which is considered vital to the project's success. In addition, SFS demonstrated strong project support acting as one of only two international lenders participating in the Sinosure tranche. Sinosure is the national export agency of The Peoples Republic of China and provides export coverage to lenders to support long term lending in Bangladesh.
- Siemens Bank receives approval to operate as a merchant bank in Singapore
- Siemens becomes first industrial company to support its growth strategy in Asian and Australian markets with a local bank branch in Singapore
- Focus on project and structured finance lending business mainly in the business-to-business and business–to-government segments
The Monetary Authority of Singapore (MAS) grants approval for Siemens Bank GmbH Singapore Branch to operate as a merchant bank in Singapore. The new branch will cover financing activities for the Asia-Australia region. In addition to its main pillar, the loan and guarantee business, the branch will also provide selected finance advisory services for the Siemens group companies in Asia-Australia.
- Siemens outlines innovative ways and approaches to boost large-scale capital in infrastructure financing
- Convergence of disruptive technology and public-private partnerships identified as key drivers of narrowing Asia's infrastructure gap
- The way forward lies in analyzing completed projects, establishing stable risk-sharing and making procurement more transparent
Increasing the bankability of developments is a key factor to narrowing Asia's infrastructure gap, according to speakers at the "Drivers of Infrastructure Investment in the Asian Market" symposium organized by Siemens Financial Services (SFS) yesterday.