Siemens Energy announced today that it has teamed up with Intermountain Power Agency to perform a conceptual design study on integrating a hydrogen energy storage system into an advanced class combined cycle power plant. The project has been awarded a $200,000 grant from the U.S. Department of Energy, one of four funding awards received by Siemens Energy in late 2020 to advance hydrogen applications in the U.S. power generation sector.
Siemens Energy's Silyzer technology uses electrolysis to generate hydrogen
Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs more than 90,000 people worldwide in more than 90 countries and generated revenue of around €27.5 billion in fiscal year 2020.