July 26, 2017 1:20 AM ET

Industrial Conglomerates

Company Overview of Siemens Aktiengesellschaft Österreich

Company Overview

Siemens Aktiengesellschaft Österreich offers technological solutions for energy, healthcare, industrial, and infrastructure and cities Sectors. The company supplies electrical excitation system, the electrical protection for the generators, and the generator lead cells for the Sohlstufe Lehen power plant in Salzburg, which supplies 23,000 homes with clean hydroelectric power. The company also provides medical imaging system to the health care sector. The company also develops running gear for the Infrastructure and Cities Sector. The company is responsible for or rail-bound mass transit vehicles, railroad cars, and electric buses is concentrated in the Austrian capital of Vienna. The company...

Siemensstraße 90

Vienna,  1210

Austria

Founded in 1879

Phone:

43 517 070

Fax:

43 517 075 7707

Key Executives for Siemens Aktiengesellschaft Österreich

Chief Executive Officer
Chief Financial Officer and Member of Management Board
Chief Financial Officer
Compensation as of Fiscal Year 2017.

Siemens Aktiengesellschaft Österreich Key Developments

voestalpine, Siemens and VERBUND to Build A Pilot Facility for Green Hydrogen At the Linz Location

The European Commission has awarded the H2FUTURE project consortium, consisting of voestalpine, Siemens, VERBUND and Austrian Power Grid (APG) as well as the research-partners K1-MET and ECN, the contract for the construction of one of the worlds larger electrolysis plants for producing green hydrogen. The project-partners will work and research cooperatively on implementing an innovative hydrogen demonstration plant at the voestalpine site in Linz. Both industry at large and energy providers are currently confronted with serious energy policy challenges in Europe: The EUs climate and energy goals stipulate a 40% reduction of CO2 emissions by 2030, which poses almost unsolvable problems for energy-intensive industries. The European electricity sector is experiencing a radical change, with overcapacities of volatile new renewable solar and wind energy. Green Hydrogen produced based on CO2-free green electricity presents enormous potential for use as an industrial process gas, as well as for energy storage. The H2FUTURE project is an important milestone on the path towards coupling the energy and industry sectors. H2FUTURE gathers a constructive partnership which is decisive in the process of greening the industry while harnessing the power of renewables. This is key to position industry and the sector on the right way to help meeting the Cop 21 agreement targets. After having supported 25 projects in the field of electrolyser, the FCH JU is proud to see the birth of the most ambitious project in this field, aiming to build one of the larger PEM electrolyser. The FCH JU has allocated about 12 million EUR in funding from the EU Horizon 2020 programme for implementing this project with the goal of producing green hydrogen. The green hydrogen for industrial use and for balancing the power reserve market will be produced in one of the larger and most modern electrolysers with proton exchange membrane (PEM) technology. The total project volume amounts to about 18 million EUR over the course of 4.5 years. The key partners in the project are the companies voestalpine, Siemens and VERBUND. The plant will be built and operated on the premises of voestalpine in Linz. The green hydrogen generated there will be fed directly into the internal gas network, allowing the testing of the use of hydrogen in various process stages of steel production. The technology supplier for the proton exchange membrane electrolyser is Siemens. VERBUND will provide electricity from renewable energy sources and is responsible for development of grid-relevant services. Further partners in the project are the research institution ECN from the Netherlands, which is responsible for the scientific analysis of the demonstration operation and the transferability to other industrial sectors, and the Austrian transmission system operator APG, which will provide support in integrating the plant into the power reserve markets. The Austrian COMET Competence Center K1-MET provides its expertise in the operation of the plant and demonstrates the potential applications in the european and global steel sector. With H2FUTURE, key questions about sector coupling will be handled, such as evaluating potentials and possibilities for using green hydrogen in various process stages of steel production. In addition, the transferability of this technology to other industrial sectors which use hydrogen in their production processes will be investigated. A further focus is integrating the responsive PEM electrolysis plant into the power reserve markets by developing demand-side management solutions, thus compensating for short-term fluctuations in the increasingly volatile power supply by means of load management for bulk consumers.

Metropolitan Awards BGN 418.3 Million Deal to Supply Subway Trains to Siemens Bulgaria, Siemens AG Austria and NEWAG

Metropolitan has awarded a BGN 418.3 million contract for the supply of trains to a tie-up comprising Siemens Bulgaria, Siemens AG Austria and NEWAG. Two bids were filed in the tender for delivery of 20 metro trains for the third metro line, connecting Sofia's Vladimir Vazov boulevard to Ovcha Kupel.

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Recent Private Companies Transactions

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