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.
SiemensAG said its revenue from energy-saving and other green technology products rose11% 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.
Inthe report, Siemens said it is increasingly generating sales from products suchas energy-saving turbine engines, solar inverter systems and components forsmart electricity grids. Siemens is also positioning itself to help customersdeliver the CO 2 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 intoSiemens plans for this sector.
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Asan example of the increased activity in this area for Siemens, the companyrecently announced its first wind energy order from LatinAmerica. The $270 million contract, from Mexican wind energydeveloper Grupo Soluciones en Energias Renovables, is to build 70 wind turbinesfor the Los Vergeles wind farm in Tamaulipas,Mexico. Theproject is intended to supply more than 200,000 Mexican households with cleanpower by the end of 2010.
In related news, Siemens and SAP announced a jointproject to consolidate process and business IT data in power plants. To do this,Siemens Energy Management Suite SPPA-M3000 will becertified by SAP in the framework of an Endorsed Business Solutionpartnership and incorporated in the SAP portfolio for utilities. The Siemenssoftware solution combines a power plant's IT data with the business data gatheredfrom operational management.
SAP and Siemens say this is the first time thatprocess control information has been integrated with accounting systems viastandardized processes and interfaces. Benefits delivered by the real-time processcontrol information are said to provide higher-quality data for management,operations, and maintenance. The companies also claim that this combinedsolution can also be used as the basis for enabling higher energy efficiencyand lower CO 2 emissions.
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