May 29, 2017 5:13 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Siemens AG

Company Overview

Siemens Power Generation gmbh offers power and energy solutions to companies in the energy and electricity industry. The company develops and builds fossil fuel power plants and power-generating components, as well as offers gas turbines, steam turbines, generators, gas turbine packages, steam turbine packages, compressors, fans, instrumentation and controls, electrical systems, wind turbines, fuel cells, fuel gasifies, turbochargers, and environmental systems. It serves power, oil and gas, air separation, building complexes, ceramics, chemicals, food and beverage, manufacturing, marine, metals, pulp and paper, textiles, and sugar industries. The company is based in Erlangen, Germany with lo...

Freyeslebenstrasse 1

Erlangen,  91058

Germany

Phone:

49 180 524 70 00

Fax:

49 180 524 24 71

Key Executives for Siemens AG

President
Vice President Photovoltaics Siemens Renewable Energy Division
Member of the Group Executive Management
Compensation as of Fiscal Year 2016.

Siemens AG Key Developments

Siemens AG and Allgäuer Überlandwerk Gmbh Form Joint Venture for Smart Grid Expansion

Siemens AG and Allgäuer Überlandwerk GmbH (AÜW have formed a joint venture named egrid to commercially implement the results from IRENE and IREN2, two joint smart grid research projects in Wildpoldsried. It was agreed that Siemens would acquire a 49% share in the AÜW subsidiary, egrid applications & consulting GmbH. The transaction is subject to clearance by the competent competition authorities. The joint venture will offer innovative consulting services for distribution grid operators and will continue to refine existing offers. The joint venture’s consulting services will focus on “intelligence instead of copper” solutions for smart grid expansion. The primary action areas will be the integration of large capacities from distributed generation plants and intelligent control of the distribution grid. In Wildpoldsried, where both research projects are located, the amount of electrical power generated from renewable sources is five times greater than what the village needs. During the course of the first project (IRENE: Integration of Renewable Energy and Electromobility), Siemens and AÜW therefore worked together with partners from science and industry to build a smart grid in the town situated in the Allgäu region from mid-2011 to the end of 2013. The goal was to balance out power generation and consumption and thus keep the grid stable. These efforts established the main requirements for the new IREN2 research projects (Future-Viable Grids for the Integration of Renewable Energy Systems), which has been in progress from 2014 to 2017. This project is aimed at scientific studies and practical testing of the best ways to operate autonomous island systems and topological power plants. The researchers are examining new types of grid structures and ways to manage them according to technical and economic criteria, with the goal of determining how energy systems with distributed power generation and additional components can be technically and economically optimized. Wildpoldsried offered the best conditions for verifying theoretical results on the basis of a real-life smart energy system. Both research projects in the Allgäu region have established a basis not only for a future renewable energy system between the conflicting priorities of regulation and the market but also for the new joint venture.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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