The demand for renewable energy is rising. In 2020, global production of electricity from renewable sources, such as wind or solar energy, increased by 10.3 percent. Most environmentally friendly electricity in Germany is produced on land and at sea by large wind power plants in the north. At the same time, Germany also needs electricity in its south region where most industrial plants are located, and a growing number of conventional power plants are being taken offline. To ensure a continued reliable supply of energy in Southern Germany, transmission system operators 50Hertz and TenneT are planning to build the SuedOstLink electricity highway. It will transport excess energy from northern Germany and ensure that green electricity can be supplied to the South. Siemens Energy will deliver the converter technology, that will enable the low-loss transport of electricity over more than 500 kilometers.
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.