Siemens Energy has launched the "Future of Storage" initiative. The aim of the initiative is to bundle knowledge and build an ecosystem of technology partners in order to offer energy storage solutions tailored to customers' needs. Decarbonizing the world's energy systems is one of the key goals of Siemens Energy. An essential component of climate-friendly energy systems of the future will be efficient energy storage systems - they compensate for the fluctuating feed-in of renewable energies and stabilize the grids, making them a key driver of decarbonization.
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. The company is active around the globe, focusing on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. Through the separately managed company Siemens Mobility, a leading supplier of smart mobility solutions for rail and road transport, Siemens is shaping the world market for passenger and freight services. Due to its majority stakes in the publicly listed companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy, Siemens is also a world-leading supplier of medical technology and digital healthcare services as well as environmentally friendly solutions for onshore and offshore wind power generation. In fiscal 2018, which ended on September 30, 2018, Siemens generated revenue of € 83.0 billion and net income of € 6.1 billion. At the end of September 2018, the company had around 379,000 employees worldwide. Further information is available on the Internet at www.siemens.com.