Green technologies now a significant portion of Siemens revenues
The Wall Street Journal reports that, with revenues of $34 billion, green technology now represents more than one quarter of Siemens' total expected sales. Joint energy management solution with SAP also released.
David Greenfield -- Control Engineering, 11/17/2009
Siemens AG said its revenue from energy-saving and other green technology products rose 11% to €23 billion (about $34.5 billion) over the past year, representing more than a quarter of its total expected sales in fiscal 2009, according to a recent report in the Wall Street Journal.
In the report, Siemens said it is increasingly generating sales from products such as energy-saving turbine engines, solar inverter systems and components for smart electricity grids. Siemens is also positioning itself to help customers deliver the CO2 emission-reduction targets that many companies now have to meet. Current and future government spending to make more eco-friendly infrastructure, such as power grids and transportation networks, also figures prominently into Siemens plans for this sector.
See other Control Engineering content related to Siemens' recent sustainable technology initiatives: |
As an example of the increased activity in this area for Siemens, the company recently announced its first wind energy order from Latin America. The $270 million contract, from Mexican wind energy developer Grupo Soluciones en Energias Renovables, is to build 70 wind turbines for the Los Vergeles wind farm in Tamaulipas, Mexico. The project is intended to supply more than 200,000 Mexican households with clean power by the end of 2010.
In related news, Siemens and SAP announced a joint project to consolidate process and business IT data in power plants. To do this, Siemens Energy Management Suite SPPA-M3000 will be certified by SAP in the framework of an Endorsed Business Solution partnership and incorporated in the SAP portfolio for utilities. The Siemens software solution combines a power plant's IT data with the business data gathered from operational management.
SAP and Siemens say this is the first time that process control information has been integrated with accounting systems via standardized processes and interfaces. Benefits delivered by the real-time process control information are said to provide higher-quality data for management, operations, and maintenance. The companies also claim that this combined solution can also be used as the basis for enabling higher energy efficiency and lower CO2 emissions.
Access other Control Engineering content related to green technologies:
- Mead Johnson using green technology to power facility
- Cypress Envirosystems and Invensys form alliance to deliver energy-efficient automated control
- Oracle and Omron jointly deliver environmental sustainability solution
- Edited by David Greenfield, editorial director
Control Engineering Sustainable Engineering News Desk
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