Siemens Performance on Renewable Energy Market

Guest post by Maria Kruk, an author for Patentsbase.com

Siemens is one of the companies, which are focused on the innovative fields, as well as on markets with a good potential for expanding. These features are essential for renewable energy industries. In this context, Siemens finds it as an attractive market to invest money and technologies. Production of renewable energy and electricity became one more industry the company works in, along with electronics, IT technologies, medicine and urban infrastructure. Siemens is interested in specific branches of renewable energy sector, related research and innovations, which, by the way, receive nearly 4 billion dollars annually. Energy-saving technologies are of big priority, being the company’s goal all over the world.

Siemens Wind Power is the most advanced alternative energy branch of the company. About 7000 wind power generators are operated globally with total capacity of 6000 MW. The statistics features that such energy production can provide for 7 million households and prevent 8 million tons of carbon dioxide emissions annually. Especially, Siemens is focused on European countries, putting its projects into operation in Denmark, Germany, Northern Ireland, etc. Much of attention was paid to company’s innovative project, executed in collaboration with Hydreo, – floating wind power stations that can alter their location in order to get matching air flows. In addition, Siemens is engaged in construction of such wind farms as Teesside (UK), Cape Wind and Block Island (USA), Meerwind Sud/Ost (Germany), Horns Rev II (Denmark) and may others.

Hydro power production is one more industry Siemens is interested in. To provide some details, construction of hydro power stations is more expensive, but energy prime cost is lower. Therefore, energy demand outranges company’s expenses on hydro power projects. Since late 1970s hydroelectric power has become one of the investment items of the company. To be more précised, Siemens AG started to supply generators to the biggest hydro power station in the world – Itapúa, on Brazilian-Paraguayan border. To date, Siemens deals with technological developments for small hydropower plants up to 30 MW, as well as with reconstruction of existing power plants. In fact, in recent years Russian rivers alerted an attention of company’s executives. Depending on the power plant, Siemens offers to equip the turbine with adjustable or fixed blades of all currently available designs. Technologies introduced by the company ensure a high safety margin of small hydroelectric power stations and low operating costs.

Naturally, solar power is a crucial part on renewable energy market, but not for Siemens as once could guess. The key thing is that solar power was much of company’s priority during decades, until the 2012, when Siemens refused to succeed on the solar power market. In particular, the company refused to manufacture solar panels m and to convert solar energy into electricity, mainly because of price pressure on the market. Since then wind and hydro power remain primary renewable energy targets of Siemens, which are promised to provide 30 per cent of energy worldwide by 2030.

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One Response

  1. […] Siemens Performance on Renewable Energy Market | GROG: green … […]

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