Ventures

Siemens Energy Ventures is the entrepreneurial heart of Siemens Energy. Founded in 2020, our focus is on investing, building and piloting ventures that will transform energy systems and will help fight climate change.

Providing sustainable, reliable and affordable energy for all is how we energize society. Energy is our global lifeblood; powering homes, operating transport systems, run our healthcare systems and enabling industries to function. It sets our quality of life. But right now, to deliver the energy demands of tomorrow and reach our net zero goals on time, our energy systems need to change and become more sustainable today.

We want to partner with start-ups and founders to accompany you on your growth journey, providing necessary support, guidance and network.

Siemens Energy Ventures offers a unique blend of expertise; our own innovation history can be traced back to 1886, along with market access, networks and deep technology know-how. What we’re looking for is founding teams solving big climate and energy challenges with innovative ideas so we can energize society together.

Automating inspections utilizing drone technology power plants need to ensure high availability levels whilst maintaining operational safety. Often this was achieved through manual walk-throughs but this can be time consuming with no guarantee that all issues would be spotted.

The Siemens Energy team in Israel, who are responsible for a power plant based on natural gas producing 73 megawatts of power, set out to find a different solution. Liaising with the Venture Clienting (VCL) team that is part of Siemens Energy Ventures (SEV), they were able to secure help to identify a startup solution to solve the challenge.

In this case, Percepto was identified as the best option. An Israeli startup which manufactures and deploys industry-grade drones. This enabled an improved inspection and monitoring of power plants. In particular, it offered:

Ori Shpigel Head of Innovation Siemens Energy

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Effectively we’re operating as a customer of the startup.

The VCL team assisted in the development of the business case and supported the demonstration, pilot and adoption phase to bring the startup solution into the business. As a result, the team in Israel were able to locate or trace the faults in a very quick way from the data and insights.

Having proven successful in Israel and demonstrated its ability to minimize downtime, improve productivity and increase safety, the technology is now being scaled up globally within Siemens Energy.

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Before, it would take us a long time to understand that we have those problems on our site. With this new solution, we are saving time and increasing employee safety.

It utilizes its proprietary Hydrogen Power Unit(“HPU”) in collaboration with Siemens Energy (UK) and a network of hydrogen production sites.

The GeoPura solution uses renewable energy, normally solar PV or wind, to create hydrogen for use as a fuel. This fuel is then transported to locations where a transportable “hydrogen power unit” converts it to electrical power. From start to finish the process is clean and carbon free – the only by-product is pure water.

By replacing fossil fuels with zero emission alternatives in power generation applications, the GeoPura Hydrogen Power Unit can be utilized in current high-use diesel industries such as construction, infrastructure, outdoor events, EV charging and back-up power. GeoPura generates hydrogen and transports the fuel to customers for use in its HPUs – customers simply rent the units and pay for the fuel used. Current sustainability-driven customers include Balfour Beatty, HS2, National Grid and the BBC.

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Green hydrogen is too often seen as a technology that will happen in the future, but GeoPura and our partners are delivering a commercially viable technology, today. The world can’t afford to wait a decade for green fuels to scale.

In 2021, broadcast history was made with the with the BBC by powering live TV with 100% clean energy.

Most recently, an HPU was utilised during a maintenance outage at Uniper’s Cottam Development Centre (CDC) natural gas plant in Nottinghamshire. As the main contractor, Siemens Energy used the HPU to power the outage village, including welfare facilities and EV charging for all electric vehicles on site.

GeoPura and Siemens Energy have worked together since GeoPura’s launch in 2019. Initially starting as a venture building project, this developed into a commercial collaboration agreement before being formalized with an investment during GeoPura’s Series A funding round.

Our facility in Newcastle, UK is home to the manufacturing of the Hydrogen Power Units and provides engineering support services and office and industrial space to GeoPura.

CertaLink Energy Certification can help verify and certify renewable sources of your product along the supply chain. With the help of blockchain and by connecting physical assets to the digital decentral infrastructure, a certificate identifies the product’s energy origin, carrying this from source to consumption, giving detailed insight into its low carbon intensity and other energy attributes.

Our unique, distributed ammonia cracking solution is a critical component in building a reliable, cost-efficient green hydrogen supply chain as part of the energy transition. With our ammonia decomposition technology, we reduce the delivered cost of hydrogen to applications such as hydrogen refueling stations, off-grid power supply, maritime, and industrial users.

We are building a prototype system in the UK which cracks ammonia and purifies hydrogen to PEM fuel cell quality. Our aim is to help the rollout of hydrogen – by utilizing an already existing and mature infrastructure for ammonia storage, transport, and handling.

Key visual for the Siemens Energy hymonic distributed ammonia cracking solution. Energy landscape with the production of green hydrogen from renewable sources like wind and solar, a ammonia synthesis facility, transport of liquid green ammonia, and the distributed ammonia cracking infrastructure next to a H2 fuel station.

Nearly 770 million people are without access to electricity. It is time to change this course. Electrification is key in promoting economic development, education and healthcare within a community.

We at connect2evolve are building a digital platform to identify, assess, streamline and bundle electrification projects in remote areas to enable private sector investment.