Forging a net-zero future through innovation, from fossil fuels to renewable resources
The evidence is irrefutable. We’re not on track to meet 2018 Intergovernmental Panel on Climate Change (IPCC) targets – halving emissions by 2030 and achieving near-zero emissions by 2050 –which would in turn limit global warming to 1.5° C (2.7 °F) or less. The IPCC’s recently released Climate Change 2021: The Physical Science Basis substantiates the alarming impact: shrinking glaciers, vanishing coastlines, and natural catastrophes, to name a few. We’re missing the mark on another front as well: approximately 768 million people, more than 10 percent of the world population, lack access to power.
There’s still hope, however. We can beat this, if we act quickly and in concert, through innovation. That’s where we – a global energy transition company of 90,000 strong – come in. Our capabilities span the sector’s new value chain, from carbon-cutting technologies for oil & gas and power applications, to wind and hydrogen solutions. With an annual R&D spend of approximately 1 billion EUR, we’re leading by example and partnering with customers to make tomorrow different today, through five fields of innovation.
Energy Transition in Action
To learn more, click on the icons below.
BlueVault™ is an advanced lithium-ion battery-based solution, suited for both all-electric and hybrid energy-storage applications. The battery is designed to maximize life, performance and safety. BlueVault™ can be installed in newbuild as well as retrofit diesel-electric power plants and in all type vessels, drilling or FPSO.
The propulsion system holds the biggest influence not only on performance, security, and cost-effectiveness - but also on greenhouse gas emissions of a ship. Advanced ship propulsion systems greatly reduce fuel consumption, and therefore CO₂ emissions and operating cost.
The oil and gas industry is increasingly looking toward data-driven solutions to boost performance, enhance efficiency and ultimately, to reduce costs. We help customers with our extensive software portfolio, deep expertise in data analytics and experience in oil and gas and other industries.
Decarbonization, digitalization, and electrification are major trends in the oil and gas industry. The shift towards subsea processing, which enables increased recovery rates with reduced CO2 emissions, will continue.
Our portfolio is tailored to support the industry on this journey - from our wide range of connectors and sensors to our large-scale subsea power distribution systems.
For Braskem, the largest producer of thermoplastics resins in the Americas and the world’s leading biopolymer producer, Siemens Energy designed a cogeneration plant that is fueled with residual process gas with high hydrogen content to reduce water use and CO2 emissions in their Mauá, São Paulo, Brazil facility.
In the United Arab Emirates, where solar energy is abundant, Siemens Energy, the Dubai Electricity and Water Authority (DEWA) and Expo 2020 Dubai have collaborated to establish the region’s first solar-powered green hydrogen plant at the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.