Siemens Energy addresses the shortage of U.S. power transformers and invests in new factory
Ad-hoc: Siemens Energy AG announces preliminary results for the first quarter of fiscal year 2024. Financial results in first quarter better than market expectations. Outlook for the full fiscal year unchanged.
Changes to Siemens Energy Supervisory Board
Siemens Energy to supply key components for one of Europe’s most efficient gas-fired power plants
World’s first large-scale direct air capture plant to use Siemens Energy equipment
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January 1, 2022 – Siemens Energy and National Academic and Non-profit Partners announced a new Cybersecurity & Industrial Infrastructure Security Apprenticeship Program (CIISAp).
In February 2021, Texas faced Winter Storm Uri causing major power grid failures, highlighting the need for improved grid resilience. Siemens Energy, as an expert, advised the Texas Legislature on power system winterization to prevent future outages.
Tim Holt is a member of the Executive Board and Labor Director at Siemens Energy.
The power grid – bottleneck of the energy transition?
On our way towards a greener #energy landscape, we tend to forget the backbone of the #EnergyTransition: The power #grid. In order to avoid it becoming the bottleneck of the transition, we need to swiftly make it fit for tomorrow’s purpose. How? Read my reflections in the current Autumn issue of Energy Focus (p. 30), a magazine from EIC (Energy Industries Council)
The need for permitting reform legislation
Today, Siemens Energy joined other industry leaders from across the energy value chain calling on the U.S. Congress to swiftly to pass comprehensive, bipartisan permitting legislation in a letter organised by the Center for Climate and Energy Solutions (C2ES).
The energy transition is dependent on a modernized and resilient grid. Increasing clarity on permitting timelines and processes will help new projects that enable the transition to come online faster. We look forward to continuing to work with policymakers as they debate this important issue.
Leadership Insights with the Atlantic Council Global Energy Center
The transmission grid is the backbone of the #EnergyTransition, and a key component within a reliable, resilient, and #sustainable energy system. I was delighted to speak to the Atlantic Council Global Energy Center about its importance – particularly in the U.S., where much of the grid needs to be upgraded and extended in the near future.
Thanks Landon Derentz for hosting and the great conversation! The full interview is available here:
Together we can meet the challenges of the energy transition in the US
The previous week, I traveled to Washington, D.C., and had the privilege of meeting with numerous Members of Congress. It was an opportunity to discuss the issues concerning Siemens Energy and our more than 12,000 colleagues in the United States.
The U.S. is our largest single-country market. That means the policies made on Capitol Hill have a global impact on our company and customers. My main message to U.S. lawmakers on this trip: the #energytransition will not happen overnight. But for it to happen at all, the #partnership between the public and private sector must be strong. Industry needs a permitting process that provides certainty. We must enhance the reliability and resiliency of the #grid as more #renewables come online. And we need to build a pipeline of #skilledworkers that can power our sector for decades.
There is no green energy transition without transmission
By Tim Holt, Member of the Executive Board and Labor Director at Siemens Energy
Renewable power is the basis of the #energytransition to meet net zero. But its impact can only be realized if one vital element is in place: a robust grid network.
However, to accelerate the global energy transition, governments and business leaders need to work together to make #sustainability investible. Only if we improve the framework conditions and auction mechanisms, for example, will we create the conditions needed for a successful turnaround.
Read more
An increasingly delicate balancing act: the US grid and the energy transition
By Tim Holt, Member of the Executive Board and Labor Director at Siemens Energy
The fast transition to clean energy is crucial to our future. As I say in this article, it is also certain that to build a decarbonized energy landscape, we must work together to build a resilient grid as its reliable backbone. No one company, government or person can do it alone. We need to work together to manage the complex transformation of the energy landscape.
Rich Voorberg is the President of Siemens Energy North America.
Investing in America
This is an exciting time to be in the energy industry, and the US is leading the way. That´s why it matters to Siemens Energy to invest in America!
Last week I took part in a Financial Times conversation. Let me share with you my main thoughts and actions we’re taking to thrive on this unique opportunity for our North American region to become a proving ground for the energy transition.
Enabling the energy transition in California
I´d like to share with you how partnering with our customers is key to shaping the energy future… both for today and tomorrow.
Consider a traditional power plant. Today, we can reduce emissions, increase efficiency and add Hydrogen capabilities just by making upgrades to existing technology.
Tomorrow, we can upgrade those existing assets, ultimately making it future proof.
The upgrades on this plant added the equivalent MW of an additional small power plant. This secures more reliable power generation for an energy-thirsty state like California.
"Sharing the Shovels" at TransWest Express Transmission Project groundbreaking
It´s happening! Clean energy generated here in Wyoming will be available in Nevada, Utah and California! That means 3,000 megawatts of new transmission capacity across 732 miles (1,178 kilometers) from south-central Wyoming to just outside Las Vegas. And along the way, it will cross northwestern Colorado and Utah.
I'm at the groundbreaking event today (with my shovel and all the other partners) to commemorate TransWest Express Transmission Project (TWE), which will make this a reality!
I’m particularly proud of the role that Siemens Energy High Voltage Direct Current (HVDC) technology will play in making this happen.
Transforming the North American Energy Ecosystem: Complexities, Cost, and Collaboration
Are we innately resistant to change? And what does that mean when it comes to something as critical as the Energy Transition?
These challenging questions were part of an “uncomfortable truths” discussion I hosted recently about how we can work together better to accelerate the transformation of the energy ecosystem in North America.