The prototype, to be built by Siemens, is based on electric railcar Mireo Plus which will be equipped with fuel cells to turn hydrogen and oxygen into electricity on board, and with a battery MUNICH: Siemens Mobility and Deutsche Bahn have started developing hydrogen-powered fuel cell trains and a filling station which will be trialled […]
Siemens launches local power trading platform with German utility
Using blockchain technology to link participants via an app, it allows producers to earn money from marketing their excess production, the firms said, while distributing power locally represents a more efficient use of the grid German technology group Siemens and utility Allgaeuer Ueberlandwerk (AUEW) on Thursday launched a trading platform that allows small rooftop solar […]
Siemens and Macquarie Form Calibrant Energy to Tackle Distributed Energy Market
The two are joining up on a distributed energy venture to sell energy-as-a-service. Macquarie Capital and Siemens have formed a joint venture to finance and build distributed energy projects, joining an increasingly competitive landscape in the growing corporate renewables market, the two announced this week. The partnership, called Calibrant Energy, will initially focus its energy-as-a-service […]
Macquarie, Siemens units create US distributed energy joint venture
Electricity generation is forecast to increasingly move away from traditional structures involving large fossil fuel-burning power plants, towards localized systems using renewable energy and battery storage, known as distributed energy NEW YORK: Units of Macquarie Group and Siemens AG are forming a venture named Calibrant Energy, that will invest in the emerging energy-as-a-service (EaaS) sector […]
Emerson Acquires OSI for $1.6B as Grid Edge Software Landscape Consolidates
OSI is expanding its portfolio of utility software to the growing market for integrating distributed energy into the grid. The growth of distributed energy resources such as rooftop solar, behind-the-meter batteries, electric vehicle chargers and intelligent load controls is changing the world of building energy management and pushing the world’s biggest building technology and controls […]
Siemens Gamesa secures 165MW Vietnamese double
Siemens Gamesa has secured two new orders totalling 165MW in Vietnam. The deals, for 75MW and 90MW at the Tan Thuan and Thai Hoa wind farms respectively, will be be for the delivery of 5.0-145 turbines. Tan Thuan is the fourth nearshore project Siemens Gamesa has secured in Vietnam. It is also the largest nearshore […]
Siemens to give shareholders 55% of Energy business spin-off
ZURICH: Siemens will give 55% of its power business to shareholders when it spins it off in September, the German engineering group said on Tuesday, the latest stage in its shift away from a sprawling conglomerate. The trains to industrial software maker then wants to “significantly” reduce its remaining 45% position within 12 to 18 […]
Siemens AG sells 24 per cent stake in Indian unit for Rs 8,520 cr to group firm
While there was no official word from the company, reports suggested that Siemens AG was in the process of carving out its gas and power business, which had dragged its overall performance, into a separate subsidiary New Delhi: German conglomerate Siemens Aktiengesellschaft on Tuesday sold shares worth over Rs 8,500 crore in its listed Indian […]
Siemens says parent transfers 24 per cent stake in company to energy subsidiary
In India, the gas and power business would continue to be a part of the listed company Siemens. New Delhi: Siemens India’s promoter group rejigged its holding in the company as the German parent Siemens AG transferred 24% stake in the Indian arm to subsidiary Siemens Gas and Power Holding BV in line with the […]
Siemens Gamesa warns coronavirus will keep squeezing 2020 finances
That profitability gauge had stood at 7.5 per cent a year earlier. The company’s bottom line also turned to a net loss in the quarter, but Chief Executive Marcus Tacke said he still believed it had good long-term prospects Wind turbine maker Siemens Gamesa said on Wednesday that project delays and supply chain disruptions caused […]
