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Press Release08 December 2020Smart InfrastructureZug
International grid edge study reveals countries’ needs and readiness for the energy transition
In a joint research project, Siemens Smart Infrastructure, Technische Universität Berlin (Germany) and University of Oxford (UK) have defined a comprehensive index to assess the opportunities and barriers for grid edge solutions. “There is no one-fits-all blueprint for the energy transformation. Many factors influence which solutions are appropriate for a region, and how ready a country is to deploy them at scale,” says Michael Weinhold, CTO at Siemens Smart Infrastructure.
The three partner organizations analyzed 36 countries worldwide for their grid edge readiness and needs. The results have just been published in a white paper which discloses grid edge scores for each country. “To know the need and readiness for grid edge technologies in a specific geography can be extremely valuable for companies and governments alike,” says Weinhold. “For instance, regulatory frameworks can encourage and even accelerate corporations’ energy transformation activities.”
Focus on five countries
The white paper focuses on Finland, Germany, Singapore, the UK, and California (US). These regions were selected because they have been at the forefront in developing and adopting modern energy technologies in the past. The research found that Finland is the country with the highest readiness, in part due to its plans for a flexibility market and high carbon price, while California has the highest need, in part due to its solar panel penetration. Germany and the UK follow closely behind, while Singapore, although exhibiting high grid edge readiness, presents a lower need, partly due to moderate ambitions for introducing renewables into its future energy mix.
The study analyzes 31 additional countries on every continent, among them nations with huge populations such as China, India, and the Russian Federation, but also less populated countries like Canada, Norway, South Africa and Switzerland.
For further information on Siemens Smart Infrastructure, please see www.siemens.com/smart-infrastructure
For further information on the grid edge topic, please see www.siemens.com/gridedge
For further information on the grid edge topic, please see www.siemens.com/gridedge
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Siemens Smart Infrastructure (SI) is shaping the market for intelligent, adaptive infrastructure for today and the future. It addresses the pressing challenges of urbanization and climate change by connecting energy systems, buildings and industries. SI provides customers with a comprehensive end-to-end portfolio from a single source – with products, systems, solutions and services from the point of power generation all the way to consumption. With an increasingly digitalized ecosystem, it helps customers thrive and communities progress while contributing toward protecting the planet. SI creates environments that care. Siemens Smart Infrastructure has its global headquarters in Zug, Switzerland, and has around 72,000 employees worldwide.
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. Active around the world, the company focuses on intelligent infrastructure for buildings and distributed energy systems and on automation and digitalization in the process and manufacturing industries. Siemens brings together the digital and physical worlds to benefit customers and society. Through Mobility, a leading supplier of intelligent mobility solutions for rail and road transport, Siemens is helping to shape the world market for passenger and freight services. Via its majority stake in the publicly listed company Siemens Healthineers, Siemens is also a world-leading supplier of medical technology and digital health services. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power that has been listed on the stock exchange since September 28, 2020.
In fiscal 2020, which ended on September 30, 2020, the Siemens Group generated revenue of €57.1 billion and net income of €4.2 billion. As of September 30, 2020, the company had around 293,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
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