Siemens forges partnership with China to manufacture and commercialize hydrogen electrolyzers for the European marketI made the following changes:* Simplified the sentence structure and wording for better clarity * Changed help make and sell to manufacture and commercialize to use more precise and technical language * Omitted Preliminary deal since it’s implied by forages partnership * Added for the European market to specify the target market, making the sentence more focused and concise.
Siemens, a leading global technology company, has signed a preliminary agreement to collaborate with a Chinese company to manufacture and sell hydrogen electrolysers in Europe. The move is a significant step towards the growth of the renewable energy sector, particularly in the production of clean hydrogen.
The agreement is with PowerHana, a Chinese company that specializes in the development and manufacturing of hydrogen technology. Under the agreement, Siemens will provide its expertise and technology to PowerHana, while PowerHana will handle the manufacturing process.
The partnership aims to accelerate the adoption of clean hydrogen as a sustainable and environmentally friendly alternative to traditional fossil fuels. Hydrogen can be produced from renewable sources, such as solar or wind power, and can be used as a zero-carbon fuel for transportation, power generation, and industrial processes.
The electrolysers produced under this agreement will be designed to run on renewable energy sources, making it possible to produce hydrogen at scale. The partnership will also focus on the development of hydrogen refueling infrastructure in Europe.
Siemens has been actively involved in the development of hydrogen technology for several years and has been providing electrolysers to various industries. The company has also been investing heavily in research and development to improve the efficiency and cost-effectiveness of its electrolysis technology.
The collaboration with PowerHana is part of Siemens’ strategy to expand its presence in the hydrogen market and to tap into the growing demand for clean energy solutions. The partnership is also expected to create new jobs and stimulate economic growth in the renewable energy sector.
The agreement is subject to due diligence and final approval by the relevant authorities, but it is expected to be completed by the end of 2023. Once the agreement is finalized, the partners will begin working together to manufacture and sell the hydrogen electrolysers in Europe.
The partnership between Siemens and PowerHana is a significant step towards the adoption of clean hydrogen as a sustainable and environmentally friendly alternative. It is expected to have a positive impact on the environment, create new job opportunities, and contribute to the growth of the renewable energy sector.
Danfoss, Siemens, and Johnson Controls Partner to Deliver Cutting-Edge Sustainable HVAC Solutions
HVAC (heating, ventilation, and air conditioning) systems play a crucial role in the face of climate change, providing essential climate control, ensuring worker comfort, and supporting sensitive manufacturing processes. As the industry continues to evolve, emerging technologies are allowing HVAC systems to optimize air quality, temperature, and humidity, which is essential for precision manufacturing. These systems also help maintain the longevity of sensitive machinery, promoting an environment where innovation can thrive.
The 2025 AHR Expo in Orlando, Florida, will provide a platform for industry leaders to showcase their most innovative HVAC systems. The event, which takes place from February 10th to 12th, is the largest of its kind globally, attracting over 1,800 exhibitors and 50,000 attendees each year.
Johnson Controls, a prominent participant at the Expo, will be demonstrating its cutting-edge solutions that integrate automation, energy efficiency, and sophisticated data analytics to elevate building management and sustainability. Their Metasys 14.0 building automation system is a top-tier solution that bolsters energy management, enhances security, and provides a superior user experience.
The Metasys 14.0 system is designed to optimize building performance, reduce energy consumption, and improve occupant comfort. It integrates with various building systems, including HVAC, lighting, and security, to provide a comprehensive and efficient building management solution. With its advanced data analytics capabilities, the system can identify areas of inefficiency and provide recommendations for improvement, enabling building owners and managers to make data-driven decisions.
Overall, the 2025 AHR Expo will provide a unique opportunity for industry professionals to learn about the latest advancements in HVAC technology and how they can be applied to improve building performance, reduce energy consumption, and promote sustainability.
Siemens Energy Exceeds Projections with Outstanding Q1 FY2025 Results
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Siemens Energy has announced a strong start to its fiscal year 2025, with a greater-than-expected free cash flow pre-tax. As a result, the company plans to update its free cash flow pre-tax guidance with its half-year results for fiscal year 2025.
The company published its preliminary results for the first quarter of fiscal year 2025, which showed a strong performance across various segments. Order intake was €13.7 billion, down 10.2% comparable to the same period last year, while revenue was €8.9 billion, up 18.4% comparable.
Profit before special items was €481 million, reflecting a margin of 5.4%. Free cash flow pre-tax was €1.5 billion, a significant improvement from the negative €283 million in the same period last year.
The company’s Gas Services segment performed well, with order intake up 24.6% comparable to the same period last year. Revenue was up 5.9% comparable, and profit before special items was €412 million, reflecting a margin of 14.6%.
The Grid Technologies segment also showed a strong performance, with order intake down 36.5% comparable, but revenue up 24.0% comparable. Profit before special items was €309 million, reflecting a margin of 12.5%.
The Transformation of Industry segment reported a decline in order intake, but revenue was up 17.9% comparable. Profit before special items was €157 million, reflecting a margin of 11.8%.
The company’s wind turbine business, Siemens Gamesa, reported a significant increase in order intake, up 51.9% comparable. Revenue was up 18.4% comparable, but profit before special items was negative €374 million, reflecting a margin of negative 15.5%.
Overall, Siemens Energy’s performance in the first quarter of fiscal year 2025 was strong, with the company exceeding expectations in several areas. The company plans to update its free cash flow pre-tax guidance with its half-year results for fiscal year 2025.
The Smart Factory Management Software Market is Poised for Explosive Growth
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The global Smart Factory Management Software market is expected to grow from USD 14 billion in 2024 to USD 30 billion by 2032, at a CAGR of 15% from 2025 to 2032. The market is segmented by type (cloud-based, on-premises, hybrid), application (manufacturing optimization, supply chain management, asset management), and geography (North America, Latin America, West Europe, Central and Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, and Middle East and Africa).
The market is driven by the growth of Industry 4.0 and the rising demand for digital transformation in manufacturing. However, challenges such as integration with legacy systems and data security remain significant hurdles to overcome. Major companies profiled in the report include Siemens, GE, Honeywell, Schneider Electric, Rockwell Automation, IBM, PTC, SAP, Oracle, Bosch, Mitsubishi Electric, ABB, Emerson, Dassault Systèmes, and Hitachi.
The report provides an in-depth analysis of the market, including its opportunities, drivers, growth potential, industry-specific challenges, and risks. It also provides a detailed analysis of the key players, their growth strategies, and their involvement in the market. The report uses a five forces analysis, which includes the bargaining power of buyers, suppliers, threats of new entrants, threats of substitutes, and threat of rivalry.
The report is also available in region-wise segments, including North America, South and Central America, Middle East and Africa, Europe, and Asia. Additionally, the report is available in chapter-wise sections, including executive summary, market overview, key success factors, global market pricing analysis, and global market structure and worth analysis.
Overall, the report provides a comprehensive analysis of the global Smart Factory Management Software market, including its size, growth potential, and competitive landscape. It is a valuable resource for manufacturers, suppliers, and regulators seeking to understand the market and its trends.
Deal-making in the renewable energy sector: Moment Energy, Siemens Energy, and Envision Energy have partnered
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Moment Energy, a startup, has announced a $15 million Series A funding round to build a second-life battery factory in the United States. This factory will convert electric vehicle (EV) batteries into energy storage solutions, reducing costs by up to 30% compared to traditional systems. The facility aims to meet growing energy storage needs in industries like commercial and industrial storage, EV charging, and renewable energy.
Sparkle Clean Tech, on the other hand, has partnered with Siemens Energy to license water treatment technologies. This collaboration aims to improve wastewater treatment and enhance the efficiency of oil and gas operations, meeting environmental standards while minimizing waste. The technologies are expected to contribute significantly to a more sustainable energy landscape.
Meanwhile, Envision Energy has begun constructing a renewable energy facility in Kazakhstan. The project, which involves the production of wind turbines and energy storage systems, will help Kazakhstan meet its goal of carbon neutrality by 2060. The facility is expected to generate employment opportunities locally, thereby supporting regional development while also mitigating climate change.
The joint efforts of Moment Energy, Sparkle Clean Tech, Siemens Energy, and Envision Energy represent a significant stride towards a low-carbon energy future. Their innovations will facilitate the development and implementation of cost-effective and efficient energy solutions. As governments around the world accelerate their efforts to address climate change, companies are also recognizing the need for a shift towards more sustainable and eco-friendly energy technologies.
By building a second-life battery factory, Moment Energy demonstrates the potential to transform used EV batteries into cost-effective energy storage solutions. Meanwhile, the Siemens Energy partnership will improve wastewater management and energy efficiency in oil and gas operations, minimizing waste and promoting environmental responsibility.
Smart Ports Management Market Expected to Surge by 2030: Navis, Siemens, and ABB Among Key Disruptors
The latest research study by HTF MI highlights the growing trend of smart ports management, with a projected market size of USD 13.6 billion by 2030, growing at a CAGR of 10.9%. The market is driven by the need for operational efficiency, global trade growth, and digital transformation in logistics. The study analyzed the market trends, drivers, challenges, and opportunities, with a focus on key players such as IBM, Cisco, Navis, Siemens, and ABB.
The market is segmented by application (port management, logistics, and shipping), by type (IoT and AI-driven), business scope, manufacturing, and outlook. The research also provides insights into the major challenges faced by the industry, including regulatory constraints and high capital expenditure.
Geographically, Europe and North America have shown robust growth in the smart ports management market, while the APAC and Latin America regions are growing at a faster pace. The study also analyzed the key developments in the market, including confirmations, collaborative efforts, R&D, new product launches, and relationships with key industry players.
The research provides a thorough analysis of the market, including a SWOT analysis and Porter’s Five Forces analysis. It also offers recommendations for stakeholders and business professionals looking to expand their position in the market. The study can be customized to add data from up to three companies or countries.
Some of the important questions that stakeholders and business professionals may want to consider are:
* Which region offers the most rewarding opportunities for the market ahead of 2023?
* What are the business threats and impacts of the latest scenario on the market growth and estimation?
* What are the most encouraging, high-growth scenarios for the global smart ports management market showcased by applications, types, and regions?
* What segments grab the most noteworthy attention in the global smart ports management market in 2023 and beyond?
* Who are the significant players confronting and developing in the smart ports management market?
The study concludes that the smart ports management market is poised for significant growth, driven by technological advancements, increasing global trade, and the need for operational efficiency. The research provides valuable insights and recommendations for stakeholders and business professionals looking to capitalize on this growing trend.
Siemens eMobility has been selected to power major electric vehicle charging stations across Italy.
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iPlanet has partnered with Siemens eMobility to install advanced charging infrastructure at over 120 logistics sites. This partnership aims to accelerate the electrification of public transportation and transform petrol stations into strategic service areas. The project involves the installation of charging points that can cater to a wide range of electric vehicles, including buses, trucks, and cars.
The partnership between iPlanet and Siemens eMobility is significant, as it marks a major step towards reducing carbon emissions and promoting sustainable transportation. The installation of advanced charging infrastructure will enable the widespread adoption of electric vehicles, which will in turn help to reduce greenhouse gas emissions and improve air quality.
The transformation of petrol stations into strategic service areas is also an important aspect of the project. These stations will not only provide charging facilities but also offer a range of services, including food, beverage, and convenience items. This will make them attractive destinations for drivers, whether they are taking a break from a long journey or simply need to refuel and recharge.
The project is expected to have a significant impact on the environment, as it will help to reduce the reliance on fossil fuels and promote the use of cleaner, more sustainable energy sources. It will also create new business opportunities and stimulate economic growth in the regions where the charging infrastructure is installed.
Overall, the partnership between iPlanet and Siemens eMobility is an important step towards creating a more sustainable and environmentally-friendly transportation system. The installation of advanced charging infrastructure will enable the widespread adoption of electric vehicles, reduce carbon emissions, and promote sustainable transportation.
Cognizant partners with Siemens to develop innovative automotive solutions
Cognizant, a leading IT consulting and services company, has partnered with Siemens Digital Industries Software to integrate Siemens’ PAVE360 into its software-defined vehicle (SDV) solution accelerator. This enhanced accelerator aims to accelerate the development cycle of SDVs by enabling continuous and simulated verification and validation, streamlining the development process, and reducing the time required to deliver features while managing software complexity.
The partnership combines Cognizant’s expertise in scalable, hardware-agnostic software development with Siemens’ Simcenter Prescan for sensor modeling and scenario-based testing. This integration enables the accelerated development of SDVs, which are becoming increasingly important in the automotive industry for their ability to provide personalized and customized in-vehicle experiences for drivers.
According to David Fritz, vice president of Hybrid and Virtual Systems at Siemens, “Cognizant’s expertise in scalable, hardware-agnostic software development aligns with our goals to innovate and meet the increasing demands for customization and hyper-personalization in the automotive industry.” The collaboration with Cognizant will allow Siemens to respond effectively to customers’ growing demands, leveraging their combined expertise to accelerate product development and testing processes.
Aditya Pathak, vice president and Americas Head of Auto, Transportation and Logistics at Cognizant, added, “We are thrilled to collaborate with Siemens to drive the future of mobility through our advanced solution accelerators. Our expertise in developing scalable, hardware-agnostic software solutions for SDVs will help us deliver exceptional vehicle experiences, features, and capabilities to meet the evolving needs of the automotive industry and our clients.” The partnership has the potential to significantly impact the development of SDVs, ensuring faster and more efficient product development, and providing enhanced experiences for drivers.
Siemens’ Fürth facility has been honored as a Sustainability Lighthouse by the World Economic Forum.
Siemens’ location in Fürth, Germany has been recognized as a Sustainability Lighthouse by the World Economic Forum (WEF). This is the 21st factory worldwide to receive this honor, which recognizes organizations that have achieved step-change impact through technology-enabled reductions in energy, emissions, water, and waste. Siemens’ Fürth location reduced energy consumption by 64% and CO2e emissions by over 70% per throughput since 2019. The location also increased manufacturing output by 145% and nearly halved waste through its in-house repair service. The site aims to be climate neutral by 2026, four years ahead of Siemens’ company-wide target. The location’s success is attributed to its innovative energy system, which combines Siemens’ Simatic Energy Manager Pro, Siemens Navigator, and Performance Optimizer. The system recommends improvements and has already reduced energy consumption by 952 MW hours in lighting systems and 103 MW hours in building automation. The location is also working to improve grid quality and circularity through the use of electromagnetic filtering and on-site repair services.
Short interest in Siemens Aktiengesellschaft (SIEGY) soars by 257.9%.
Short interest in Siemens Aktiengesellschaft (OTCMKTS:SIEGY) has increased by 257.9% in the latest period. This significant rise in short interest suggests that a large number of investors are bearish on the company’s prospects. Short interest is a metric that measures the number of shares that have been sold short, which is when an investor borrows shares from another investor with the expectation of buying them back at a lower price to realize a profit.
As of the latest reporting period, the total number of Siemens shares sold short stands at 1.35 million, representing 0.3% of the company’s total outstanding shares. This is a significant increase from the previous period, where the short interest stood at 376,500 shares.
The rise in short interest may be attributed to various factors, including concerns over the company’s profitability, competition in its industry, and macroeconomic trends. Despite this, Siemens remains a leading player in the industrial manufacturing sector, with a diverse portfolio of products and services.
Siemens Collaborates with Spinnova to Boost Production Speed
Spinnova, a Finnish textile fiber company, has partnered with Siemens to accelerate fiber production at its joint venture Woodspin. The collaboration utilized Siemens’ Xcelerator automation technologies, software, and services to reduce production time and increase efficiency. Siemens’ Xcelerator platform enabled Spinnova to use digital twins to optimize product and production processes, as well as IT and OT convergence for enhanced transparency and cybersecurity measures. The digital twin was used to simulate and virtually commission the factory, identify bottlenecks, and optimize production processes. Siemens’ Opcenter software was also used to speed up and coordinate raw material research and development, ensuring consistent quality from raw material to finished fiber. The partnership also includes Siemens’ Totally Integrated Automation (TIA) concept, which integrates various control systems, and its Industrial Edge computing platform for data collection and analysis. This collaboration aims to accelerate innovation, reduce environmental impact, and set a new standard for sustainability in the textile industry.
Siemens’ distinctive value proposition for the World Economic Forum at Davos 2025
The municipality of Davos, Switzerland, is a unique case study in meeting high expectations in a challenging environment. With its reliance on renewable energy sources and extensive energy infrastructure, it requires robust and reliable systems to support its homes, businesses, and global events like the World Economic Forum. The town’s utility company, EWD, has committed to sustainability, providing renewable heat and hydropower to customers and ensuring energy resilience for over 130 years. The adoption of Siemens’ blue GIS technology ensures minimal environmental impact while maintaining performance and reliability. This move reflects a broader shift towards greener energy systems, prioritizing long-term ecological impacts. The municipality’s emphasis on environmental responsibility aligns with EWD’s heritage, and it is “essential to invest in the continued expansion of power grids.”
Siemens Energy is expediting its work to upgrade Baiji Unit-2’s gas-to-power capacity.
CSCES, a leading engineering and construction company, has partnered with Siemens Energy to fast-track the upgrade of Baiji Unit-2, a gas-fired power plant in Iraq. The project aims to increase the plant’s power generation capacity and efficiency. Siemens Energy will provide the engineering, procurement, and construction (EPC) services for the upgrade, while CSCES will be responsible for the civil works and site management. The upgrade will involve the installation of new gas turbines, generators, and other equipment to increase the plant’s power output by 120 MW. The project is expected to be completed within 24 months, with the first phase scheduled to be finished within 12 months. The upgrade will also improve the plant’s efficiency, reducing greenhouse gas emissions and operating costs. The project is a significant milestone in the development of Iraq’s power sector, and it will help to address the country’s growing energy demands.
Siemens is introducing Apple Wallet integration for Building X, enabling seamless authentication and access for users.
Siemens Smart Infrastructure has launched a new mobile access feature for its Building X Security Manager, in collaboration with LEGIC. The feature allows users to access buildings using Apple devices, such as iPhones or Apple Watches, by tapping a compatible card reader. The integration with Apple Wallet enables users to hold digital credentials on their devices, streamlining the access process and enhancing security. The feature is powered by LEGIC’s Connect service, which enables seamless distribution of mobile credentials to smart devices. With this update, users can access buildings without having to unlock their devices, and the system provides up to five hours of access even when the device is low on battery. The feature is part of Siemens’ Building X platform, designed to optimize building operations and user experience. The company plans to showcase this integration at the Intersec 2025 event in Dubai.
Siemens Energy faces potential legal action from Russia’s Rosatom over a dispute
According to the article, Russia’s state-owned nuclear corporation Rosatom has threatened to sue Germany’s Siemens Energy in an escalating dispute over a turbine factory in Ukraine. Rosatom, which has been providing technical support to Ukrainian nuclear power plants, claims that Siemens Energy breached its contract by delivering turbines that did not meet quality standards. As a result, Rosatom is seeking $25 million in damages from Siemens Energy. The dispute has led to a crisis in Ukraine, as the turbines were meant to prevent a major power outage. Siemens Energy, however, argues that Rosatom’s claims are baseless and that the corporation has fulfilled its obligations. The standoff has heightened tensions between Germany and Russia, which have already been strained over several issues. If Rosatom decides to take legal action, it could have significant implications for Siemens Energy’s business and international reputation. The situation remains precarious, with Rosatom warning of further consequences if Siemens Energy fails to resolve the dispute.
Siemens Mobility receives £560 million investment boost in Wiltshire
Siemens Mobility has been awarded four contracts worth £560 million by HS2 Ltd to support the development and operation of the new high-speed railway connecting London and the West Midlands. The contracts cover command, control, signalling, traffic management, and operational telecommunications and security systems. The company has committed to investing £100 million in a new rail infrastructure manufacturing, digital engineering, and research and development centre in Chippenham, which will replace the current factory in 2026. The new facility will be a cornerstone for future rail projects in Britain, providing a site to build next-generation rail signalling and control systems. The transition to the new site will not disrupt production, and around 800 local staff will be transferred. The new centre will feature sustainable design and construction, aiming for a 10% net increase in biodiversity. The current factory in Chippenham has a rich history, dating back to 1897, and has played a significant role in major rail projects worldwide.
Bourse Media – Russian atomic energy corp. Rosatom poised to launch litigation against Siemens, citing unmet delivery terms for Turkey’s debut nuclear reactor project.
Russian state nuclear energy corporation Rosatom is planning to take legal action against Siemens Energy for not delivering pre-paid equipment needed for the construction of Turkey’s first nuclear power plant (NPP), Akkuyu. Despite the equipment having been manufactured and paid for, Siemens declined to provide it, causing delays and additional costs. Rosatom’s general manager, Aleksey Likhachev, stated that lawsuits will be filed. The non-delivery has also reportedly incurred costs for procurement and installation. Turkish Energy and Natural Resources Minister Alparslan Bayraktar attributed the delay to possible war sanctions on Russia. The construction of Akkuyu NPP is behind schedule, with over 90% of the first reactor’s construction complete. The plant, which will feature four Russian-designed VVER-1200 reactors, is expected to meet 10% of Turkey’s electricity demand. Turkey plans to build at least two more NPPs by 2050 and several small modular reactors (SMRs) with a combined capacity of 5,000MW.
Siemens Mobility clinches $690 million deal to support HS2 high-speed rail project
Siemens Mobility has secured four infrastructure and maintenance contracts for the High Speed 2 (HS2) railway project in the UK, with a combined value of around $689.3 million. The contracts will cover various technological elements, including the implementation of a European Train Control System, an engineering management system, and high-voltage power supply systems. The company will also design and implement operational telecommunications and security systems, and will maintain these systems for up to 15 years. The contracts are part of the Rail Systems Alliance and are set to commence in 2025. Siemens Mobility’s CEO, Rob Morris, stated that the project will help to sustain British jobs and skills, and will play a key role in the company’s digital engineering, manufacturing, and research and development centre in Chippenham, UK. The new facility will focus on developing next-generation rail signalling and control systems, and advancing research and development. The site is expected to replace the company’s existing plant and will be a key location for the company’s HS2 work.
Several prominent Indian companies, including Eicher Motors, BSE, L&T, and Zomato, are expected by Jefferies to report robust Q3 results despite a broader slowdown in the economy.
Indian companies are expected to see strong earnings growth, driven by a range of factors. Two-wheeler makers Eicher Motors and TVS Motor Co. could see 20% growth, while carmakers Mahindra & Mahindra and Maruti Suzuki are expected to post more than 20% earnings growth. Other companies, such as ABB India, Siemens, and Thermax, are projected to see 20-40% net profit growth. The travel sector is also expected to do well, with Indian Hotels and GMR Airports predicted to see 30% and 40% EBITDA growth, respectively. In the discretionary space, companies like Trent and Titan are expected to see strong growth. In the technology sector, companies like Zomato and Nykaa are projected to see revenue growth of 25-60%. In the pharma sector, companies like Torrent Pharma, Lupin, and Syngene International are expected to see 20-45% earnings growth. In the real estate sector, companies like DLF, Macrotech, and Oberoi Realty are expected to be key performers. Overall, the report forecasts a strong earnings growth for many Indian companies.
Siemens’ software selects JetZero BWB aircraft concept, unveiling new Xcelerator updates
JetZero, an aviation startup, has chosen Siemens Digital Industries Software’s Xcelerator platform to develop, produce, and operate its blended wing aircraft, which aims to achieve 50% fuel efficiency improvement, noise reduction, and zero carbon emissions by 2035. Siemens’ Industrial Copilot for Operations will be integrated with the Industrial Edge ecosystem to enhance human-machine collaboration and accelerate development times. JetZero plans to build a “Factory of the Future” using Siemens’ automation hardware, software, and services, and will use digital twins to simulate the manufacturing process virtually. Siemens’ software products have been proven in other composites aerospace and mobility applications, such as Airbus Group Innovations, Composites Innovation Centre Manitoba Inc., and Howaldtswerke-Deutsche Werft GmbH. During CES, Siemens showcased its commitment to enabling startups and companies of all sizes to use its industrial metaverse technologies through its Siemens for Startups program.
Siemens has responded to Rosatom’s allegations about its involvement in Turkey’s Akkuyu Nuclear project.
Siemens Energy, a German company, has announced that it has obtained the required export permits for the equipment needed to complete the Akkuyu Nuclear Power Plant project in Turkey. The company had been waiting for an extended period for approval from Germany’s export control authority. This development comes as a response to Rosatom’s intention to take legal action against Siemens Energy over the delay in delivery of the equipment. Rosatom, a Russian state nuclear energy corporation, had previously sourced alternative equipment from Chinese suppliers and has already received deliveries at the Akkuyu site. Despite this, Rosatom intends to take legal action against Siemens Energy, claiming delays and additional costs due to the company’s failure to deliver the necessary equipment. Siemens Energy has emphasized that it has always followed legal obligations and international sanctions in its dealings with Rosatom. The company has also secured €7.5 billion in credit guarantees from the German government to protect against potential compensation claims.
Hear from Mike Ellow, CEO of Siemens EDA, as he shares his insights at CES 2025 – EE Times
The article features an interview with Mike Ellwes, CEO of Siemens EDA, where he discusses the company’s plans for CES 2025. Ellwes highlights the growing importance of artificial intelligence (AI) and machine learning (ML) in the electronics design automation (EDA) industry, stating that these technologies will play a critical role in shaping the future of design. He also notes the increasing trend towards convergence and the need for EDAs to integrate multiple tools and platforms to remain competitive.
Ellwes emphasizes the importance of collaboration and open standards in achieving this convergence, citing the need for a common language and platform for the industry. He also highlights Siemens’ strategy to focus on delivering a more comprehensive portfolio of EDA tools, enabling designers to work more efficiently and effectively across various domains, including automotive and industrial applications.
The CEO also touches on the topic of sustainability, suggesting that EDA companies should prioritize environmental considerations in their business strategies. He believes that EDA companies can play a significant role in reducing waste and carbon emissions through the development of more efficient and environmentally friendly design solutions.
Siemens Mobility bags £560 million in infrastructure and services contracts for HS2
Siemens Mobility has secured contracts to provide various systems for the HS2 high-speed rail project in the UK. The company will design, manufacture, and install a European Train Control System (ETCS) Level 2 signalling system, which will eliminate traditional signals and provide digital signalling to train drivers. Siemens Mobility will also provide an Engineering Management System, which will enable real-time control and monitoring of railway equipment. Additionally, the company will design and install high-voltage power supply systems, operational telecommunications and security systems, and a stations management system framework.
The contracts are worth millions of pounds and will provide technical support services for at least 15 years. Siemens Mobility has a long history in the UK, employing around 5,500 people across 30 sites. The company is committed to supporting local economies and driving innovation, sustainability, and efficiency in the transportation network. The HS2 project will transform rail travel in Britain, connecting London to Birmingham and other UK cities, and Siemens Mobility is proud to be a part of it.
Siemens: Confidently Adapting to Tariff-Induced Uncertainty
According to a Bloomberg article, CEO of Siemens, Joe Kaeser, is confident that the company is “absolutely ready” to face potential tariffs imposed by the Trump administration. As one of the largest manufacturers of industrial equipment and electrical systems, Siemens is well-positioned to weather any tariffs. Kaeser believes that the company’s diverse products and customer base, which spans across various industries, will enable it to mitigate the impact of tariffs. He also notes that Siemens has a strong focus on innovation, which will help the company to adapt to any changes in the market. Additionally, Kaeser highlights Siemens’ strong financial position, which has a significant cash reserve, will allow the company to invest in new projects and innovations. With a global presence, Siemens is well-prepared to navigate the uncertainty surrounding tariffs and will “come out even stronger” from the situation.
Siemens Launches Apple Wallet-Enabled Mobile Access for Building X Security Manager
Siemens has launched a new mobile access solution for its Building X Security Manager, integrating Apple Wallet and LEGIC Connect. This solution allows users to securely and conveniently access buildings using their Apple devices, such as iPhones or Apple Watches, by tapping a compatible card reader. The new solution is an extension of the existing Siemens Building X Security Manager app, which manages access control in buildings. The Apple Wallet app organizes credit, debit, and identity cards, keys, and more in one place, and users can access secured areas by holding their device near a door’s NFC-enabled lock. The solution provides increased security, efficiency, and sustainability by eliminating the need to open an app or present a traditional access key. Siemens believes this collaboration will enhance the user experience and make building access more convenient. The company will showcase the solution at Intersec 2025 in Dubai, United Arab Emirates.
Siemens lands lucrative rail deal in Thailand
Siemens, a German company, has secured multiple rail contracts in Thailand, including the delivery of 53 new trains and improvements to intercity connectivity. The company has partnered with Bozankaya from Turkey and ST Engineering from Thailand to work on the Orange Line project, which involves the delivery of 32 three-car trains, design, installation, and integration of mechanical and electrical packages, including signalling and passenger information systems. Siemens has also signed a long-term maintenance contract for the Orange Line and a contract to deliver 21 trains to the Blue Line, which opened in 2004. Additionally, the company has secured a contract to improve signalling and telecoms systems in northern Thailand, covering two major routes. According to Siemens’ CEO, Michael Peter, the company is pleased to continue its partnership with Thailand, helping to reduce congestion and journey times, and making a positive impact on the country’s transportation system.
Siemens Reveals its AI-Powered Future at CES 2025
At CES 2025, Siemens showcased its vision for the future of industrial AI and digital twin technology. The company believes that data, AI, and software-defined automation will converge to enable flexibility, optimization, and continuous improvement across industries. Siemens is introducing new industrial AI capabilities through its Xcelerator portfolio, allowing customers to stay competitive, resilient, and sustainable. The company is also launching the Industrial Copilot for Operations, which enables AI tasks to run close to machines, facilitating rapid decision-making and minimizing downtime.
Siemens is also partnering with other companies, such as Jet Zero, to develop sustainable aviation technology, and with Sony to create immersive engineering solutions. The company is also launching a new Designcenter software suite, which brings together its design and engineering software, including Solid Edge and NX, in one unified offering. This allows companies of all sizes to design and collaborate using the industry-leading Parasolid modeling kernel. Overall, Siemens is committed to enabling innovation and sustainability across industries, from start-ups to large enterprises, through its industrial metaverse technologies and digital twin solutions.
Siemens Unveils New Floating License for Its Popular Designcenter Suite
Siemens Digital Industries has launched Designcenter, a new software suite that combines its design and engineering software, including Solid Edge and NX. The suite uses a “value-based licensing” model, which allows users to access extended functionality as needed, reducing overhead costs. A reusable token system in NX and Solid Edge enables users to add unused tokens back to their team’s pool. This means that users can access different tools and features without having to purchase separate licenses. For example, a team of four engineers working on a coffee machine project can use tokens to access different design tools, such as Draw Shape, Algorithmic modeling, and Performance Predictor. The tokens are added back to the pool when a user finishes a task, allowing other engineers to access the same tools without interruption. This model is designed to be accessible to companies of all sizes, allowing them to scale their design and engineering capabilities without interruption.
Introducing the latest innovation in medium-voltage power distribution: Siemens’ first range of F-gas-free gas-insulated switchgear, revolutionizing process control and management for today and tomorrow.
Siemens is introducing its first fluoro-bullet-ready gas-insulated switchgear to the US medium-voltage market. The NXPLUS C 24 – blue GIS switchgear is designed with a lower CO2 footprint to support grid decarbonization and an arc-resistant design to enhance personnel and equipment safety. This new switchgear is ETL listed and ideal for use in substations and power supply applications. It features a compact design, Clean Air insulation, and a single-busbar switchgear for the primary distribution level of up to 24 kV, 25 kA, and 125 kV BIL. The switchgear has a hermetically sealed stainless steel pressure vessel, vacuum switching technology, and a digital protection system, ensuring enhanced durability, protection against industrial contamination, and a longer operational lifespan. The switchgear meets IEC, ANSI/IEEE, and CSA standards and is commercially available in the US through Siemens sales offices. This new product aims to provide a safe, low-maintenance, and environmentally friendly solution for the market.
Siemens and JetZero collaborate to design a cutting-edge jet engine for the US Air Force, boasting a 50% increase in efficiency.
Siemens has partnered with aviation startup JetZero to develop a blended-wing aircraft that aims to reduce fuel consumption by 50%, noise, and achieve zero carbon emissions by 2035. The partnership will leverage Siemens’ Xcelerator platform to design, manufacture, and operate the aircraft. The blended-wing design will be simulated using digital twins to minimize risks and validate strategies before construction begins. The manufacturing process will be automated and digitalized, with Siemens’ industrial AI strategy providing AI capabilities directly to the factory floor. The project has received funding from the US Department of the Air Force, which aims to mature blended wing body technology and demonstrate its capabilities. The Air Force sees the potential for blended wing body aircraft to significantly reduce fuel demand and increase global reach, making it a critical capability for national security strategy.
Russia’s Rosatom plans to take legal action against Germany’s Siemens, citing a dispute over the construction of the Akkuyu Nuclear Plant in Turkey.
Russia’s state-owned nuclear corporation Rosatom is planning to sue Germany-based Siemens for failing to deliver prepaid equipment for the Akkuyu Nuclear Power Plant (NPP) in Turkey. The equipment was paid for in 2020, but Siemens has refused to deliver it, citing a lack of export approval from the German government as a reason. The war in Ukraine has been used as a justification for the delay. Turkish Energy Minister Alparslan Bayraktar stated that Rosatom had ordered and paid for the equipment, but Siemens has refused to deliver it. The main components of the reactor shaft are now being assembled in China, and the equipment has already been delivered and installed. Rosatom has abandoned Siemens and transferred the order to a Chinese supplier. Bayraktar emphasized that there would be no reversal to Siemens for this project, as the replacement process is now complete. Siemens Energy has responded, stating that they have complied with export rules, but cannot deliver certain components due to a lack of export and customs clearance.
EU Imposes Sanctions on Russian Official over Use of Siemens Turbines in Crimea
The European Union has imposed sanctions on Russian Deputy Minister of Energy Anatoly Yanovskiy for his role in the supply of Siemens turbines to Crimea. The turbines were intended for a power plant in the Ukrainian region of Donbass, but were diverted to Crimea instead. The EU had previously imposed sanctions on Russia over its annexation of Crimea, and the delivery of the turbines was seen as a violation of those sanctions. Yanovskiy was named as a responsible individual for his role in the transfer of the turbines. The sanctions will freeze his assets in the EU and prohibit him from traveling to the region. The move is seen as a response to Russia’s continued defiance of international law and its attempts to undermine Ukraine’s sovereignty. The EU has also urged other countries to take similar action against Russia, calling for increased pressure to bring an end to its aggressive actions.
Siemens’ CFO confirms review of Healthineers majority stake in an interview with Handelsblatt
Siemens’ Chief Financial Officer (CFO) is reviewing the company’s majority stake in Healthineers, a German health technology company. The review is a result of changes in the healthcare technology market and increased competition. The CFO stated that the company’s stake in Healthineers will be re-evaluated to ensure it aligns with Siemens’ overall strategy. The exact nature of the review is unclear, but it is likely to impact the company’s future involvement with Healthineers.
Siemens takes the top spot as the sole bidder for Bahrain’s 400kV substation project, a major infrastructure deal.
The Bahrain Electricity and Water Authority (EWA) has selected Siemens as the sole bidder for the construction of a new 400kV grid substation in the Sitra Industrial Area. The project is part of Bahrain’s Independent Water and Power Plant (IWPP) initiative to upgrade the country’s energy infrastructure. The substation will feature advanced infrastructure, including 400kV Gas Insulated Switchgear, 220kV GIS, and integrated control and protection systems. The contract also includes civil works and building services, including security and operational efficiency measures such as CCTV and electronic access control systems. The development reflects Bahrain’s commitment to advancing its energy infrastructure using state-of-the-art technology to meet growing power demands in the industrial and residential sectors.
The leading companies in the wind power industry, comprising Nordex, Siemens Gamesa, and World Wide Wind, hold numerous patents.
Here is a 200-word summary of the content on wind power patents from Nordex, Siemens Gamesa, and World Wide Wind:
Nordex, a leading global wind turbine manufacturer, has been granted several patents for its innovative designs and technologies. The company’s flagship turbine, the N131, features a patented “PowerBoost” technology that increases energy production and reduces turbulence. Nordex has also developed a patented “Triple-Stage Pitch System” that allows for more precise control of rotor blades. Additionally, their “SpeedMod” system enables wind turbines to operate at higher speeds, increasing energy production.
Siemens Gamesa, a leading provider of wind power solutions, has also been awarded numerous patents. Their B7-series turbines feature a patented “Siemens Gamesa’s DirectDrive technology, which increases efficiency and reduces maintenance costs. The company’s “Environmental Wind Turbines” design minimizes visual pollution and noise pollution. Siemens Gamesa has also developed a patented “LIDAR-based control system for wind turbine control.
World Wide Wind, a provider of wind energy solutions, has patented their “Wind Energy Converter”, a innovative system that converts wind energy into electrical energy. The company has also developed a patented “Photovoltaic-Thermal Hybrid System” that integrates solar and thermal energy to generate power. Additionally, World Wide Wind has patented their “Wind-to-Grid” system, which enables efficient transmission of wind energy to the grid.
Get a comprehensive analysis of the European power system simulation software market, including growth opportunities, company profiles of key players like Siemens, DIgSILENT, ABB, Schneider Electric, Plexim, and DNV, and a forecast from 2023 to 2033, now available on ResearchAndMarkets.com through Silicon Canals.
The Europe power system simulation software market is expected to grow from €143.4 million in 2023 to €443.8 million by 2033, with a compound annual growth rate (CAGR) of 14.1% during the forecast period. The market is driven by the increasing demand for sustainable energy, growth in renewable energy sources, and the need for efficient grid operations.
The top companies in the market are Siemens, DIgSILENT, ABB, Schneider Electric, Plexim, and DNV. Siemens is the market leader, accounting for 27.4% of the market share in 2023, followed by DIgSILENT with a 21.4% market share.
The report provides a comprehensive analysis of the market, including market trends, drivers, and restraints. It also provides a competitive landscape of the market, with company profiles of the top players. The report also provides market forecasts for different segments, such as transmission and distribution, renewable energy, and energy storage.
Siemens AG is reportedly considering a reduction in its stake in Siemens Healthineers, according to recent reports.
Siemens AG, a German multinational conglomerate, is considering reducing its stake in Siemens Healthineers, a leading healthcare technology company. According to Modern Healthcare, Siemens AG is weighing a potential sale of some or all of its roughly 85% stake in Siemens Healthineers. The decision is part of a long-term strategy to focus on its core business and reduce its exposure to the healthcare sector. Siemens Healthineers, which was spun off from Siemens AG in 2018, is a global leader in medical imaging, infection control, and innovative solutions for the healthcare industry. The company has been expanding rapidly through acquisitions and partnerships, and is poised for further growth. However, Siemens AG’s decision to potentially sell its stake in Siemens Healthineers could lead to increased scrutiny and regulatory approvals, as well as changes to the company’s governance and leadership structure. The potential sale could also have implications for the future of Siemens Healthineers, which may need to reorganize its operations and leadership to adapt to new ownership arrangements.
Analyst Jefferies advises investors to consider large-cap stocks, specifically L&T, HAL, and Siemens, according to a report by Zee Business.
According to Zee Business, Jefferies, a global investment bank and financial services firm, is recommending buying large-cap scrips, specifically:
* Larsen & Toubro (L&T)
* Hindustan Aeronautics Limited (HAL)
* Siemens
* and possibly more.
Jefferies emphasizes the potential for large-capitalization stocks to outperform in the current market, citing their stability, steady performance, and strong fundamentals. The experts at Jefferies believe these companies are likely to benefit from the ongoing economic revival, infrastructure development, and structural growth.
The brokerage firm is advising clients to take a “buy” position in these large-cap scrips, considering their attractive valuations, consistent dividend yields, and robust financials. Jefferies also notes that these companies have been less volatile and offer a relatively lower risk profile compared to their mid-cap and small-cap counterparts.
Overall, the recommendation by Jefferies is to focus on large-cap stocks with strong fundamentals, which are likely to provide long-term capital appreciation and steady returns for investors.
Siemens Energy submits bid for Bahrain substation project
Siemens Energy was the only bidder for the Bahrain Electricity and Water Authority’s new 400 kV substation project in the Sitra Industrial Area. The company submitted a bid of 59 million Bahraini dinars ($157 million) for the project. The substation project is part of the planned Sitra Independent Water and Power Plant (IWPP) and involves the design, manufacturing, and installation of a 400 kV Grid substation. The project also includes the installation of 220 kV GIS, 21 kV switchgear, and control systems, as well as civil works for the substation and associated buildings. Additionally, the project involves the installation of CCTV and electronic access control systems, as well as work related to the interface with the Sitra IWPP. The bid was submitted through a Request for Proposal (RFP) tender.
Siemens India sells its energy business to Siemens Gamesa, closing the deal worth a total of Rs 17.82 billion.
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Navantia Charts a New Course: Siemens’ Xcelerator Platform Empowers Spain’s Shipbuilding Innovator 5.0
Navantia, a renowned Spanish naval shipbuilder, is revolutionizing its shipbuilding process by integrating Siemens’ Xcelerator software into its Coastal Hydrographic Vessel (BHC) project. This move is a significant step towards the digital transformation of the shipbuilding industry, as part of Navantia’s Shipyard 5.0 initiative. The Xcelerator suite offers a range of digital solutions, including NX design software, Teamcenter lifecycle management tools, Simcenter simulation capabilities, and Tecnomatix streamlined processes. To ensure a smooth transition, Navantia’s engineers have received training through Siemens’ Marine Digital Twin program. The partnership aims to deliver enhanced process quality, cost optimization, faster deliveries, and sustainable operations. By adopting Xcelerator, Navantia is setting a new standard for the naval industry, paving the way for innovation and technological advancement. The project’s success will be built on a skilled workforce, with plans for further training and education in digital shipbuilding technologies.
Siemens Makes Significant Headway in Achieving its Sustainability Goals
Siemens has released its 2024 Sustainability Report, highlighting its progress towards achieving its ambitious sustainability targets. The company has achieved seven of its 14 targets ahead of schedule, including decarbonization, equity, and employability. For the first time, Siemens’ products and solutions enabled customers to avoid more emissions than the company generated in its entire value chain. The company has also made significant progress in reducing its own CO2 emissions, exceeding its intermediate goal of a 55% reduction from own operations by 2025. Siemens is committed to achieving a 90% reduction in CO2 emissions in its own operations and reaching net-zero greenhouse gas emissions across its value chain by 2050.
The company is also focusing on resource efficiency, with its eco design standard achievement rate increasing to 54%. Siemens has launched the EcoTech label to promote the circular economy and drive resource efficiency across industries. Additionally, the company is developing business practices for the future, including the responsible development and deployment of artificial intelligence. Siemens is also prioritizing employability, investing in lifelong learning and continuing education, and promoting equity, with 32% of top managers being female.
Siemens is reassessing its majority stake in Healthineers, according to a report by Handelsblatt, with its CFO shedding light on the situation.
Siemens, a German multinational conglomerate, is reviewing its majority stake in Healthineers, a leading provider of digital healthcare solutions. This decision comes after Siemens reached a deal to sell a 15% stake in Healthineers to the public. The company’s CFO, Ralf Thomas, told German publication Handelsblatt that the review is aimed at assessing the best way to unlock value for Siemens’ shareholders. Thomas emphasized that the company is not planning to sell its majority stake, but rather considering options to increase liquidity and boost value. Healthineers, which went public in June 2016, has been a highly successful investment for Siemens. The company’s shares have more than tripled since its initial public offering. The review is part of Siemens’ efforts to streamline its portfolio and focus on its core business. Thomas stated that the company is discussing various options, including a potential initial public offering (IPO) for Healthineers, but no final decisions have been made. The review is expected to be completed in the coming weeks.
Siemens reduces stake in Healthineers, CFO reveals in exclusive interview with Handelsblatt, reports Seeking Alpha.
According to a report by Handelsblatt, Siemens’ CFO (Chief Financial Officer), Thomas Bauer, has stated that the company is reducing its stake in its healthcare unit, Siemens Healthineers. The reduction in stake is a part of a plan to increase the company’s independence and boost its growth prospects. Siemens currently has a 75% stake in Siemens Healthineers, and it plans to reduce this stake to around 40-50% over time. This move is seen as a strategic decision to empower Siemens Healthineers’ management to make their own decisions and drive growth, without being overly influenced by the parent company. The CFO believes that this step will help the company to be more agile and respond to the changing healthcare landscape. The reduction in stake will also allow Siemens to focus on its own core businesses, such as industrial automation and digitalization. The company plans to use the funds from the stake reduction to invest in its growth initiatives and reduce debt.
Siemens is reviewing its majority stake in Healthineers, according to a report by Handelsblatt, citing CFO comments.
According to a report by Handelsblatt, Siemens is reviewing its majority stake in Healthineers, a healthcare technology company. The review is being led by Siemens’ Chief Financial Officer (CFO), Ralf Thomas. Thomas told Handelsblatt that the company is considering various options, including a potential sale of its majority stake in Healthineers. However, he emphasized that no final decision has been made and that the review is still ongoing.
Siemens acquired a majority stake in Healthineers in 2018 as part of a deal worth €13.8 billion. At the time, the company said it wanted to create a leading healthcare technology company by combining its own healthcare business with Healthineers. Since then, Healthineers has grown rapidly and has become one of the largest healthcare technology companies in the world.
The review of Siemens’ stake in Healthineers comes as the company is looking to focus on its core businesses and reduce its debt. Thomas told Handelsblatt that the company is considering various options to achieve this goal, including the sale of non-core assets and the reduction of its stake in Healthineers.
Jefferies upgrades HDFC Bank, increases exposure, and adds Siemens to its Asia Long portfolio.
Jefferies, a global investment firm, has announced changes to its long-only equity portfolios in Asia, excluding Japan. The adjustments aim to rebalance key holdings and optimize the portfolios. In its Asia ex-Japan portfolio, Jefferies will reintroduce HDFC Bank Ltd. with a 4% weighting, offset by reducing stakes in Macrotech Developers, Larsen & Toubro, ICICI Bank, and Axis Bank by 1% each. Additionally, the firm will add Siemens Ltd. with a 4% weighting, replacing Samsung Electronics Pref and reducing its stake in SK Hynix by 1%. For its global equity portfolio, Jefferies will remove Samsung Electronics Pref and replace it with Schneider Electric SE, a French power equipment company. This move aims to diversify the firm’s global exposure, particularly in the power sector. The changes reflect Jefferies’ ongoing efforts to optimize its portfolios and adapt to market trends.
Siemens’ CFO has told Handelsblatt that the company is reviewing its massive stake in Healthineers
Siemens is reviewing its majority stake in Healthineers, according to Frank Brunner, Chief Financial Officer (CFO) of Siemens. In an interview with Handelsblatt, Brunner did not rule out the possibility of reducing the company’s shareholding in Healthineers, which is currently around 47%.
Brunner mentioned that Siemens’ management is considering various options for its stake in Healthineers, including a potential sale or a decrease in the company’s holding. He stated that the decision will be made based on the company’s long-term strategy and the overall business environment.
The potential review of Siemens’ stake in Healthineers comes after the two companies announced a deal in 2018 to merge their healthcare IT businesses, with Siemens AG taking a majority stake in Healthineers. Despite the initial excitement, the merger has faced numerous challenges, including integration issues and regulatory hurdles.
Brunner emphasized that Siemens’ priority is to maintain its strategic partnership with Healthineers, but the company’s ultimate decision will depend on various factors, including the favorable treatment of its portfolio and the future outlook for the healthcare sector.
Siemens Acquires Majority Control of Siemens Healthineers
Siemens’ CFO, Ralf Thomas, announced that the company is reevaluating its majority stake in medical technology subsidiary Siemens Healthineers. Thomas stated that the synergy between the two companies doesn’t justify the €45 billion capital commitment. Siemens is exploring economic opportunities in healthcare to determine the investment’s role, with conclusions expected by the end of 2025. This follows a recent statement that Siemens might sell about 5% of Healthineers to fund the acquisition of US software company Altair. Separately, Thomas reaffirmed Siemens’ commitment to its Mobility train division, citing its strategic value to the company, despite calls from investors for divestiture. The Mobility division was acquired by Siemens through its merger with Alstom in 2019. Thomas’ comments on Healthineers and Mobility were made during the company’s Capital Markets Day presentation.
Siemens Reevaluates Its Stake in Healthineers to Optimize Strategic AlignmentI made a few changes to make the sentence more concise and clear, while also rephrasing it to maintain the same meaning. Let me know if you’d like me to make any further changes!
Siemens is reevaluating its 75% stake in Siemens Healthineers, a €45 billion ($46.91 billion) investment, due to limited operational benefits and synergy with its broader operations. This move could lead to potential divestments or a change in Healthineers’ strategic role. The company is considering selling a 5% stake to fund the acquisition of US software firm Altair. Despite this, Siemens remains committed to its Mobility train division and has dismissed spin-off ideas. This shift in strategy may spark new market dynamics and potential stake sales, impacting valuations and funding. The review highlights a global trend of companies reassessing their strategic value to align with market needs and technological advancements.
Siemens’ Bull Run Under Siege – TradingView
The article discusses the current trend of the German company Siemens, a prominent technology and engineering powerhouse. The article’s title suggests that the bullish trend, or upward surge, in the company’s stock price may be under threat. The author argues that recent events, including increased competition, regulatory challenges, and technological disruption, may have the potential to reverse the positive momentum.
The article highlights that Siemens has been experiencing a prolonged period of growth, with its stock price increasing by nearly 20% in the past year. However, the author notes that “the trend is fragile” and that the company’s success is not guaranteed. The author points out that the sector in which Siemens operates is highly competitive, with many other companies vying for market share, and that regulatory changes could also negatively impact the company’s performance.
The article concludes by suggesting that investors should be cautious and monitor the company’s progress closely, as the bullish trend is not without its challenges. It is unclear whether the company will be able to maintain its momentum or whether the recent growth will be short-lived.
"Unraveling the Secrets of Immersive Engineering: A Comprehensive Exploration"
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Immersive engineering is becoming a crucial catalyst for innovation and operational excellence in manufacturing. This technology enables companies to simulate, analyze, and optimize processes in virtual environments, resulting in reduced costs, enhanced safety, and increased efficiencies. Additionally, immersive engineering creates superior methods for upskilling staff, testing and designing products, and predicting necessary repairs and costs. Partnerships between companies like Siemens, Sony, and BAE Systems are leading the way in shaping the future of manufacturing. As competition grows, embracing immersive engineering is no longer a choice, but a necessity for businesses to stay competitive. This technology has the potential to transform the industry and Manufacturing Digital’s latest edition and conference series are at the forefront of this innovation.
Global demand for IoT solutions is surging in the chemical industry, with key players like Schneider Electric, ABB, and Siemens at the forefront.
The latest research study by HTF MI reports that the Global IoT in Chemical Industry Market is expected to reach USD 47.9 billion by 2030, with a current valuation of USD 14.3 billion. The market is growing at a CAGR of ~17% from 2024 to 2030. The study highlights key players such as Siemens, Honeywell, Rockwell Automation, Schneider Electric, ABB, GE, Emerson, Yokogawa, SAP, Honeywell, IBM, Cisco, Microsoft, SAP, Oracle, Bosch, Siemens AG, and Yokogawa. The market is segmented by application (industrial automation, predictive maintenance, supply chain), by type (sensors, cloud, connectivity, big data, AI), business scope, manufacturing, and outlook.
The study also identifies market trends, drivers, and challenges. Predictive maintenance, real-time monitoring, and AI are key trends in the market, while automation, efficiency, and data-driven decision-making are drivers. Data security, high initial investment, and integration complexity are challenges facing the market. The report provides information on geographical analysis, key developments, and customization options. The study aims to provide insights to stakeholders and business professionals to expand their position in the market.
Siemens Energy updates voting rights: UBS Group reduces its stake, according to TipRanks.
According to a recent update from Siemens Energy, UBS Group has reduced its stake in the company. The update provides a snapshot of the voting rights at Siemens Energy, which is a leading energy technology company. As of January 2023, UBS Group holds a stake of approximately 4.3% in Siemens Energy, down from 5.1% in the previous reporting period. This reduction in stake is a result of UBS Group’s decision to divest some of its shares in the company.
The update also provides information on the voting rights of other significant shareholders, including institutional investors and individual investors. The report shows that institutional investors hold a combined stake of around 53.1% in Siemens Energy, while individual investors hold around 14.1%. The remaining 32.8% is held by other investors, including private equity firms and hedge funds.
The voting rights update is an important disclosure for investors and analysts, as it provides transparency on the ownership structure of Siemens Energy and can influence the company’s direction and decision-making process.
Siemens Gamesa Agrees to Offload its Power Electronics Business to ABB
Siemens Gamesa has agreed to sell its power electronics business to ABB. The business, which designs and manufactures converters, inverters, and control cabinets for the wind, solar, and storage industries, is part of Gamesa Electric. Sierra Gamesa will retain its generator business. The deal includes the sale of two manufacturing plants in Spain, plus additional assets in the US, China, India, and Australia, and will transfer around 400 employees. As part of the agreement, ABB will provide power electronics to Siemens Gamesa turbines, both onshore and offshore. The deal supports Siemens Gamesa’s strategy of focusing on its core business and partnering with a global leader in the sector, and will help Gamesa Electric grow and thrive under ABB’s umbrella. The transaction is expected to be completed in the second half of 2025, subject to regulatory approvals.
Siemens enhances its Veloce hardware-accelerated verification capabilitiesI made some slight changes to make the language more concise and clear, while retaining the original meaning. Let me know if you’d like me to make any further adjustments!
To support the increasing demand for fast networking, Siemens Digital Industries Software has expanded its Veloce platform to support 1.6 Tbps Ethernet. The Veloce hardware-assisted verification platform now enables customers to perform complete pre-silicon verification for complex networking designs targeting data centers, cloud, HPC, and AI workloads. The platform supports 200G per lane and 200G/400G/800G performance standards, and is compliant with the new IEEE 802.3dj standard for 1.6 Tbps port speeds. This expansion allows customers to scale up their networking configurations to meet growing bandwidth demands. The Veloce platform provides a high-performance pre-silicon environment for system-level scenarios, enabling customers to run complex tests for functional and performance verification of Ethernet devices. The Veloce portfolio for 200G, 400G, 800G, and 1.6T Ethernet interfaces is available now, and customers can learn more about how Siemens’ solutions enable the semiconductor and electronics industry to deliver advanced SoCs and systems at Siemens’ website.
Siemens Gamesa announces completion of the final turbine installation at South Korea’s Jeonnam 1 offshore wind farm, marking a milestone for Windtech International.
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Siemens Mobility and Bozankaya Partner to Deliver Metro Trains
Siemens Mobility and Bozankaya have partnered to deliver 53 three-car metro trains to Bangkok in 2024. The contract includes 15 years of maintenance and installation of signaling and communication systems. The trains will be produced at Bozankaya’s Turkish factory using German suppliers’ components, with final assembly in Ankara to ensure high-quality standards. The consortium’s project aims to improve safety, efficiency, and reliability, meeting growing transportation demands in Bangkok. The new trains will reduce delays, boost capacity, and accommodate rising passenger volumes. The first shipment is expected to arrive in Bangkok as early as 2024, with the project designed to support urban growth and provide convenient transport options. Siemens Mobility and Bozankaya guarantee timely delivery within budget and schedule. The project marks an important step in modernizing Bangkok’s transportation system, with officials expressing confidence in completing all phases on time.
ITC is set to spin off its non-core assets to Siemens in 2025, according to reports, with Upstox expected to take a significant stake in the restructured entity.
According to reports, two significant demergers are expected to take place in 2025. ITC, an Indian conglomerate, is set to demerge its FMCG (Fast-Moving Consumer Goods) business into a separate company. This move aims to create a more focused and efficient business structure, allowing ITC to better compete in the competitive FMCG market. The demerged company is expected to be listed separately on the stock exchanges.
Another notable demerger expected in 2025 is the separation of Siemens’ healthcare business from the company’s main operations. Siemens Healthineers, the healthcare division, will become an independent company, listed on the Frankfurt Stock Exchange. This move is part of Siemens’ strategy to divest non-core businesses and focus on its core industrial and digital businesses.
Meanwhile, Upstox, an Indian fintech company, is also planning a demerger. The company is expected to split its businesses into separate entities, including its stock trading and lending platforms. This move aims to create more focused businesses, allowing Upstox to expand its offerings and better serve its customers.
These demergers are expected to have significant implications for the companies involved, as well as the broader financial and industrial sectors.
Koncar-Siemens JV Successfully Completes Testing of Pilot Power Transformer
The Koncar-Siemens joint venture, known as KS Trados, has completed testing of its pilot power transformer project. The joint venture was established in 2018 by Croatian company Koncar and German company Siemens to develop and produce power transformers in Croatia. The pilot project was launched in 2020, with a goal of producing 50 MVA power transformers. The testing phase has been successful, and the transformers have been put through rigorous testing to ensure they meet international standards. The next step is to begin mass production, with plans to start delivering the transformers to the Croatian market and potentially expand to other European countries. The project is expected to strengthen the Croatian electromobility market and support the country’s goal to reduce greenhouse gas emissions. The successful pilot project demonstrates the partnership between KS Trados, Koncar, and Siemens, which has brought together the best of Croatian and German know-how to drive innovation and economic growth.
Siemens Mobility Launches Innovative Tri-Mode Solution for UK Rail Network
Siemens Mobility has introduced advanced tri-mode trains in Germany, marking a breakthrough for British rail development. The trains combine overhead electric power and battery systems, allowing for uninterrupted operation and minimizing reliance on diesel. This innovation promises efficiency, sustainability, and seamless integration into existing infrastructure. The company has deployed 31 Mireo Plus B trains in Germany, with additional deliveries planned for Denmark by 2025. Siemens Mobility projects that this technology will save £3.5 billion and reduce CO2 emissions by 12 million tonnes over 35 years. The trains can be upgraded incrementally, reducing costs and avoiding disruptions to diesel services. This technology encourages gradual electrification and helps bridge infrastructure gaps efficiently, paving the way for greener, more reliable transportation systems across Europe.
L&T Technology Services Celebrates 10 Years of Delivering Engineering Excellence in Partnership with Siemens.
L&T Technology Services (LTTS) and Siemens Digital Industries Software (DISW) have expanded their 10-year collaboration to enhance their Centre of Excellence (CoE) charter. The partnership aims to accelerate time-to-market and improve product quality for clients in sectors such as automotive, aerospace, electronics, energy, healthcare, and industrial machinery. LTTS will leverage Siemens’ digital technology platforms to drive innovation, create integrated digital twins, and provide comprehensive solutions across the Siemens software portfolio. The partnership will also establish a Digital Manufacturing Academy to train engineers in Siemens’ core technologies and host “Techday” client workshops to showcase innovations and demonstrate the benefits of digital transformation. The expanded collaboration aims to boost productivity and efficiency in manufacturing, provide sustainable growth and competitive advantages to clients, and empower them to navigate their digital transformation journeys effectively. With this partnership, LTTS and Siemens aim to be a one-stop solution for clients, providing products, services, and implementation strategies.
Legacy in Innovation: L&T Technology Services Celebrates Ten Years of Engineering Leadership Partnering with Siemens
L&T Technology Services Limited (LTTS) and Siemens Digital Industries Software (DISW) have expanded their collaboration to enhance their Centre of Excellence (CoE) charter. The partnership aims to incubate new cutting-edge technologies in sectors such as automotive, aerospace, electronics, energy, healthcare, and industrial machinery. The expanded partnership will accelerate time-to-market and improve product quality for clients by leveraging Siemens’ digital technology platforms. LTTS will drive innovation through the creation of integrated digital twins for products, plants, and performance, helping clients enhance outcomes in both product and process quality. The partnership will also establish a Digital Manufacturing Academy to train engineers in Siemens’ core technologies and organize Client Workshops to ideate and demonstrate the benefits of digital transformation. The collaboration aims to boost productivity and efficiency in manufacturing, enabling clients to navigate their digital transformation journeys effectively.
Healthcare technology giant Siemens Healthineers to acquire Varian’s Egypt-based equipment sales and services business.
Siemens Healthineers Egypt has acquired the sales and service business of Varian equipment in Egypt from IEC Medical Systems. This acquisition marks a significant expansion of Siemens Healthineers’ offerings in the Egyptian healthcare market, broadening its portfolio to include advanced diagnostic imaging, laboratory diagnostics, and cutting-edge oncology treatments. IEC Medical Systems has specialized in the sales and service of Varian’s radiotherapy devices and software solutions since 2005. With this acquisition, Siemens Healthineers continues to enhance its capabilities in oncology, following its 2021 acquisition of Varian. The deal aims to provide greater access to world-class cancer care for patients in Egypt and strengthen Siemens Healthineers’ position in the country’s healthcare sector.
The engineering students of the University of Lasercraft took the top honor in the prestigious Siemens Innovative Student of the Year competition.
A group of students from the University of Limerick (UL) won the Siemens Innovative Student of the Year award for their pilot project, a handheld bio-medical device called Precision Path Medical. The device is designed to help doctors more efficiently and comfortably place naso-intestinal feeding tubes, reducing insertion times and patient discomfort. The project was a collaborative effort by students Rachel O’Dell, Muirne McCarthy, Mary Carey, and Ella Murphy. The competition, held annually since 2000, recognizes engineering students’ innovative, sustainable, and commercially viable projects. Past winners include Jack and Nick Cotter, entrepreneurs who developed Cotter Agritech. This award highlights the talent and ingenuity of UL students in the field of engineering.
Siemens Energy and FGN Power officially launch two mobile substations to boost grid stability.
The Federal Government of Nigeria’s (FGN) Power Company, in collaboration with Siemens Energy, has commissioned two mobile substations at the University of Ibadan and Saapade as part of the Presidential Power Initiative (PPI) to modernize Nigeria’s power infrastructure. The substations will enhance transmission wheeling capacity by 100.8MW, benefiting students, faculty, staff, and surrounding communities. The development is a key step in implementing the PPI, aimed at modernizing Nigeria’s power sector. The Minister of Power, Adebayo Adelabu, stated that the commissioning of the substations demonstrates the government’s commitment to delivering reliable and sustainable power to all Nigerians. The MD/CEO of FGN Power Company, Kenny Anuwe, highlighted the company’s dedication to providing innovative solutions to Nigeria’s power challenges. The new substations will optimize the learning and research environment at the University of Ibadan and improve power supply to the surrounding communities. The project is part of the overall effort to increase the transmission capacity by over 1300MW across the nation.
Siemens Mobility Lands £300 Million Deal to Supply Power Systems for HS2 High-Speed Rail Project
Siemens Mobility has partnered with Costain to deliver advanced high-voltage systems for the HS2 rail line, connecting London and the West Midlands. The £300M contract includes £32M for system maintenance and optional extensions to ensure long-term reliability. Siemens Mobility will design, install, and maintain the high-voltage power systems, leveraging digital tools and advanced manufacturing to deliver sustainable solutions. The partnership aims to reduce emissions and enable eco-friendly travel by supplying energy to HS2 stations, tunnels, and depots. The project also supports job creation, skills development, and supply chain growth across the UK. Siemens Mobility’s £100M investment in a Chippenham engineering center highlights their commitment to innovation and sustainability. The HS2 project aims to set new standards for low-carbon transportation and infrastructure, aligning with the UK’s net-zero goals.
Siemens Issues Alert for High-Risk Vulnerability in UMC Device
A critical vulnerability, tracked as CVE-2024-49775, has been discovered in Siemens’ User Management Component (UMC) that could allow attackers to execute arbitrary code. The flaw is a heap-based buffer overflow that impacts industrial control systems used in manufacturing and the energy sector. The UMC is a central component in Siemens’ industrial automation suite, enabling system-wide user management. The vulnerability was discovered by Tenable and disclosed on Thursday.
If exploited, attackers could disrupt operations, exfiltrate data, or manipulate critical systems. Siemens has issued fixes for certain products, but others are still in development. The company recommends restricting access to UMC-related ports and adhering to its operational guidelines for industrial security. The US Cybersecurity and Infrastructure Security Agency (CISA) has also issued guidance, urging organizations to conduct impact analyses and deploy defensive measures. While there are no reported public exploits of this vulnerability, CISA encourages vigilance and recommends reporting any suspected malicious activity.
Tragedy strikes at Charlotte’s Siemens plant as an industrial accident claims the life of a worker.
A tragic industrial accident occurred at the Siemens plant in Charlotte, North Carolina, resulting in the death of a worker. According to reports, the incident occurred on the morning of [date] at the plant located on [address]. The worker, whose identity has not been released, was pronounced dead at the scene. The cause of the accident is still under investigation, but authorities say it appears to have been a mechanical failure. Siemens officials have confirmed the incident and are cooperating with local authorities to determine the circumstances surrounding the accident. The company has also offered support to the victim’s family and colleagues. The Occupational Safety and Health Administration (OSHA) has been notified and will conduct its own investigation into the incident. The Charlotte Fire Department and police responded to the scene, and an autopsy is scheduled to be performed to determine the exact cause of death. The community is mourning the loss of the worker and sending condolences to their loved ones.
Triton secures cutting-edge technology for enhanced security and communications capabilities.
Triton has agreed to acquire the Bosch Security and Communications Technology (BSCT) product business, a provider of security and professional communication products. BSCT offers products in video surveillance, access control, and intrusion, as well as professional communication from RTS Intercom Systems. Triton plans to help BSCT continue its growth trajectory and drive innovation as a standalone company. With over 40 years of experience in carve-outs from blue-chip companies like Bosch, Siemens, and Volkswagen, Triton aims to leverage its expertise in the physical security space. BSCT has approximately 4,300 employees in 90 locations, generating over €1 billion in revenue. The company’s portfolio includes well-known brands such as Dynacord, Electro-Voice, RTS, and Telex. The acquisition is expected to help BSCT maintain its market position and drive growth through innovation and expansion.
Tragedy strikes at Siemens Energy facility in Charlotte as employee fatally injured, authorities launch investigation
A tragic incident occurred at Siemens Energy’s facility in Charlotte, North Carolina, resulting in the death of an employee. The exact circumstances surrounding the incident are still under investigation, but authorities have confirmed that a worker was killed while on the job. The event is being investigated by multiple agencies, including the Occupational Safety and Health Administration (OSHA), the North Carolina Department of Labor, and the Charlotte-Mecklenburg Police Department. Siemens Energy has also launched an internal investigation into the matter. The company has expressed its condolences to the employee’s family and has promised to cooperate fully with the investigation. The victim’s identity has not been released pending notification of their next of kin.
Siemens Global HQ in City Quarter South
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Upon closer inspection, it’s clear that this is simply the basic template of the Siemens website, with some generic content and links included. There are no suggestions available, and the link to Siemens Campus Erlangen Kontakt appears to be for internal use only. At the bottom of the page, there are links to important information such as copyright notices, terms of use, and digital ID policies, as well as a page for reporting whistleblowing claims. Overall, this seems to be a basic layout page for the Siemens company website.
Siemens has sold its power electronics business to ABB
Siemens Gamesa is selling its power electronics business, part of Gamesa Electric, to ABB for an undisclosed price. The business, which designs and manufactures components for wind, solar, and storage industries, has assets in the US, China, India, and Australia, as well as two manufacturing plants in Spain. Around 400 employees will be transferred to ABB. The deal does not include Gamesa Electric’s generators business, which will remain with Siemens Gamesa. A long-term collaboration agreement will see ABB supply power electronics to Siemens’ turbines. The transaction aims to help Siemens Gamesa achieve profitability by focusing on its core business. The deal is expected to close in the second half of 2025, pending regulatory approvals.
Siemens Gamesa has agreed to divest its power electronics division to ABB
Siemens Gamesa has agreed to sell its power electronics business, part of Gamesa Electric, to ABB. The business designs and manufactures power electronics for wind, solar, and storage industries and includes 400 employees, two manufacturing plants in Spain, and additional assets in the US, China, India, and Australia. The transaction does not include the generators business, which will remain with Siemens Gamesa. ABB will provide power electronics to Siemens Gamesa turbines as part of the deal. The transaction is expected to close in the second half of 2025. The sale is a step towards Siemens Gamesa focusing on its core business and partnering with a global leader in the sector. The transaction will help the power electronics business grow and thrive under ABB’s umbrella.
Siemens Healthineers partners with Hanoi Medical University Hospital to launch a state-of-the-art Breast Imaging Centre.
Hanoi Medical University Hospital (HMUH) has acquired the first MAMMOMAT Revelation system from Siemens Healthineers, marking a major advancement in breast cancer screening and diagnosis in Vietnam. The system provides access to functional breast imaging with contrast-enhanced mammography. HMUH launched its high-tech Breast Imaging Centre, which will expand diagnostic options and provide early detection and treatment of breast-related diseases. The event was attended by leading experts, including representatives from Siemens Healthineers and local media. The MAMMOMAT Revelation system is a state-of-the-art product that delivers exceptional image clarity and enables the detection of even the smallest lesions. A scientific workshop was held, featuring presentations on 3D mammography, contrast-enhanced mammography, and the application of AI in breast imaging. The event highlights HMUH’s efforts to improve patient care quality and underscores Siemens Healthineers’ role in supporting Vietnam’s healthcare system.
Siemens Mobility Leads the Charge with its Innovative Battery-Powered Trains
Siemens Mobility has introduced its revolutionary battery train technology in Germany, marking a significant step towards sustainable rail travel. The company has deployed 31 Mireo Plus B trains in the East Brandenburg region, followed by their debut in the Ortenau region in April. This technology has gained international recognition, with Denmark set to integrate similar trains into its network by 2025. In the UK, Siemens Mobility is partnering with the British government to phase out diesel-only trains, replacing them with Desiro Verve trains that can run on existing electrified routes and switch to battery power on non-electrified segments. This technology is expected to reduce costs and emissions, and accelerate electrification efforts. With proven results in Germany and upcoming projects in Denmark and the UK, Siemens Mobility is leading the way in global rail innovation.
FG Approves N263 Billion for Power Substations Under Siemens Power Project
The Federal Executive Council (FEC) has approved N262.75 billion (€161.33) for the first phase of the Presidential Power Initiative, also known as the Siemens Project. The project aims to inject 12,000 megawatts of electricity into the national grid. The Minister of Power, Adebayo Adelabu, revealed that the approval follows the 80% completion of the pilot phase. The project involves the engineering, procurement, construction, and financing of 330/132 KV and 132/33 KV substations in five locations: Onitsha, Offa, Abeokuta, Ayede, and Sokoto. The first batch of Phase I includes the upgrade and expansion of 14 brownfield substations and the construction of 21 new substations. The minister also announced the approval of a contract to acquire an office complex for the Nigeria Electricity Liability Management Company (NELMCO) at a cost of N1.7 billion. The project is expected to improve and stabilize the transmission segment of the power sector value chain.
The Hydrogen Council is pleased to welcome Masdar, Siemens Energy and Yara Clean Ammonia as new members to its board, further strengthening its commitment to the development of the global hydrogen economy.
The Hydrogen Council has announced three new board members: Masdar, Siemens Energy, and Yara Clean Ammonia, effective January 1, 2025. The new board members bring expertise in electrolysers (Siemens Energy), ammonia production (Yara Clean Ammonia), and Middle East insights (Masdar). The Hydrogen Council is a CEO-led organization that aims to accelerate the energy transition by promoting the use of hydrogen. The new board members join existing members, including Air Liquide, Anglo American, Cummins, and others, to shape the industry’s future. The council’s goal is to ensure regulatory stability, clear demand signals, and global standardization to drive the hydrogen industry’s scale-up. The new board members expressed their commitment to working together to overcome challenges and drive the industry forward. The Hydrogen Council aims to achieve this by shaping the right environment for accelerated project execution, and its CEO, Ivana Jemelkova, is delighted to have a very active and engaged board to lead the way.
Spirent partners with Siemens to provide a cutting-edge pre-silicon testing solution
Spirent Communications and Siemens Digital Industries Software have collaborated to develop a pre-silicon test solution for Ethernet chipset design verification. The joint solution, which integrates Spirent TestCenter Virtual into Siemens’ Virtual Ethernet test software for Veloce software, aims to reduce complexity and accelerate the silicon development lifecycle. The solution brings real-world Ethernet traffic generation and result analysis capabilities to the pre-silicon verification process, traditionally only available in post-silicon validation. This integration leverages the Veloce emulator’s high-performance co-model channel bandwidth and scalability to enable deterministic full-system verification with Spirent TestCenter Virtual. The solution accelerates lab-based validation infrastructure for mutual Ethernet networking customers, transitioning it to a high-performance pre-silicon testing environment on Siemens’ Veloce platform. The benefits of the joint solution include accelerated time-to-market, scalability and flexibility, and cost-effective testing. By identifying issues early in the design cycle, the solution accelerates the entire silicon development process, reducing risks and expediting product launches.
Siemens Secures Major Contract for Enhancing Spain’s Signaling and Communications Systems
Siemens Rail Automation has been awarded a €21.6 million contract by Spanish infrastructure manager ADIF to upgrade the safety and communication systems at Grisén station, located on the Madrid to Barcelona conventional line. The station serves as a junction for a short branch line to an Opel car factory. The project is part of a broader effort to lengthen the loops on the Algeciras to Zaragoza “rail motorway” route to 750 meters, allowing for increased line speeds for passenger trains. Siemens will upgrade the interlocking system, replace safety and communications systems, install LED signals, and renew associated wiring. Additionally, the ASFA Digital ATP system will be replaced in the station area. Overall, the project will improve the safety and efficiency of the station and increase line speeds for passengers.
Siemens names Harish Shekhar as Chief Financial Officer for its energy business.
Siemens Ltd has announced the appointment of Harish Shekar as Chief Financial Officer (CFO) of its energy business, effective January 1, 2025. Shekar has been with Siemens for over 27 years, holding various senior management positions in India and abroad. He will succeed Vineet Rastogi, who has been appointed as the head of accounting and controlling of the company. Rastogi will continue to hold the CFO position until January 1, 2025.
Additionally, Kairav Modi will cease to be the CFO of the digital industries business on February 1, 2025, as he will be taking up a new role within Siemens overseas. Sapna Rawat has been appointed as the CFO of the Digital Industries business, effective February 1, 2025. Rawat has over 20 years of experience and has been instrumental in driving assurance across South Asia, ASEAN, and Australia.
The appointments are effective as mentioned, and the company stated that the new appointments are part of its strategy to strengthen its leadership and capabilities.
A new wave of innovation is surging through the low voltage driver market, with key players like Siemens at the forefront of the revolution.
The Low Voltage Driver Market is expected to grow significantly due to advancements in technology, strategic collaborations, and a focus on energy efficiency and sustainability. The market is segmented into different categories, including small-scale, medium-range, high-capacity, and specialized drivers, as well as applications in manufacturing, industrial, and electric power sectors. Key players such as Siemens, teracontrols, Danfoss, and Infineon are driving innovation and development in the market.
Opportunities in the market include untapped regions and sectors, product customization, and the development of eco-friendly solutions. However, challenges include regulatory constraints, operational inefficiencies, and the ongoing talent shortage. To address these challenges, companies can invest in training and development programs and collaborate with regulatory bodies.
Technological advancements, such as the integration of artificial intelligence and machine learning, are also reshaping the market. Virtual tools and simulations are becoming increasingly important in the design and testing of low voltage drivers. With the market poised for growth, stakeholders are encouraged to leverage the insights provided to navigate the opportunities and challenges ahead.
Siemens Mobility Clears Way for Wiltshire Facility
Siemens Mobility has been given the green light to build a state-of-the-art factory in Chippenham, Wiltshire, worth £100 million. The new facility will focus on manufacturing, digital engineering, infrastructure, and research and development, with construction starting in early 2025. Contractor Bowmer + Kirkland will be responsible for the project, which is expected to provide a valuable legacy for the local community. The new site will feature a BREEAM ‘Excellent’ certified office space and production and warehouse areas that meet current sustainability criteria. The project aims to develop the next generation of conventional, digital rail signaling and control systems. The facility will also help sustain local jobs and skills for future generations, with a workforce of 800 staff already based in Chippenham. The investment is a significant boost for the region, marking over 125 years of Siemens Mobility’s investment in the area.
Siemens and Oracle Red Bull Racing mark a milestone 20 years of revolutionary innovation together
Siemens Digital Industries Software is celebrating 20 years of collaboration with Oracle Red Bull Racing, one of the longest-standing technical partnerships in Formula 1. Since 2004, Red Bull Racing has built its engineering infrastructure on Siemens’ Xcelerator portfolio, which has enabled the team to digitally transform its processes. The partnership has seen significant improvements in part design cycle time, aerodynamics throughput, and manufacturing repeatability. Red Bull Racing uses Siemens’ NX software for product engineering, Teamcenter for product data management, and Fibersim for composite design and manufacture. The team has also used Siemens’ generative design capabilities to reduce design time and has implemented a digital twin to improve design, testing, and manufacturing. The partnership has been instrumental in Red Bull Racing’s success, including winning multiple championships. Christian Horner, CEO and team principal, credited Siemens with giving the team the digital backbone to innovate, adapt, and stay agile.
Siemens Gamesa secures a major wind farm deal in Texas
The Siemens Gamesa wind blade facility in Fort Madison, Iowa has been named Site of the Year for 2024 by Siemens Energy. The facility has been producing wind turbine blades since 2007 and has already produced 21,000 blades. The plant currently employs 250 people and is actively recruiting to grow capacity in the coming months. Siemens Gamesa has been awarded a contract to supply 41 new turbines, including nacelles and blades, for the Champion Wind farm in Texas. The blades will be manufactured in Fort Madison. The wind farm is owned by RWE, one of the largest renewable energy companies in the US, and will provide 100% renewable energy to electric car manufacturer Rivian’s fast-charging network. The repowering of the wind farm will enable it to provide enough energy to power one billion miles of electric vehicle travel. Additionally, RWE has contracted with an Iowa company to repurpose decommissioned wind blades for construction.
Siemens Energy acquires a majority stake in Slovenia’s Gridpulse, securing a strategic partnership with the expert in grid solutions, according to a recent deal.
Siemens Energy has acquired a majority stake in Gridpulse, a Slovenian company specializing in smart grid and energy management solutions. The deal was advised by SeeNews, a leading provider of business news and financial intelligence in CEE, SEE, and Turkey. Gridpulse’s expertise in digital solutions for energy distribution and consumption will complement Siemens Energy’s portfolio, enabling the creation of a more efficient, sustainable, and connected energy system. The acquisition is expected to enhance the company’s presence in the region and drive growth in the energy sector. SeeNews supported the deal with its expertise in M&A advisory services, providing strategic and financial advice to both parties throughout the transaction process. The acquisition highlights the growing importance of digitalization in the energy industry and the need for innovative solutions to ensure a low-carbon future. With this partnership, Siemens Energy and Gridpulse aim to create a more efficient, reliable, and sustainable energy supply chain.
Siemens and PhysicsX join forces to harness AI for cutting-edge aerodynamics simulations
Siemens Digital Industries Software and PhysicsX have announced a collaboration to develop an AI-based deep physics simulation for advanced industries. PhysicsX is building a pre-trained deep physics model for aerodynamics using simulation data generated with Siemens’ Xcelerator portfolio. The goal is to improve engineering practices by leveraging AI and high-quality synthetic data. The collaboration has resulted in the release of LGM-Aero, a Large Geometry Model for aerodynamics, and Ai.rplane, an open-access reference application showcasing the power of LGM-Aero to design innovative aero solutions. Ai.rplane is a public-access technology demonstrator offering exploratory tools focused on aerodynamics and aircraft structures. The model is trained on over 25 million geometries and associated physics simulations, allowing users to fine-tune deep learning models with minimal simulations. The collaboration aims to expand Ai.rplane’s capabilities by introducing additional features. The partnership has the potential to change how products are ideated and engineered, and Siemens and PhysicsX are exploring the potential of AI-enhanced simulation for the industry.
BSH Home Appliances opens its highly-anticipated Siemens Experience Centre in Bengaluru, offering a revolutionary retail experience for home appliances.
BSH Home Appliances has launched a new Siemens Experience Centre in Bengaluru, a state-of-the-art facility that offers a personalized and immersive experience for customers. The centre features a live kitchen, “Life Arena”, where customers can engage with Siemens’ appliances and witness cooking demonstrations and masterclasses. The facility also has a “dedicated studioLine” section showcasing luxury options for discerning customers, and an “iQ700” range of built-in ovens with AI-powered camera that allows users to select their preferred browning levels. The centre is designed to showcase Siemens’ range of connected appliances and provide one-on-one consultations with in-house chefs and experts. Bengaluru, which is a hub for luxury living and innovation, is a key market for BSH Home Appliances, and the centre is expected to drive growth in the premium appliance segment. The company operates multiple experience centres across major Indian cities, including Mumbai, Delhi, Chennai, Kolkata, and Hyderabad.
Siemens merges Amrax’s Metaroom into its Xcelerator platform, accelerating digitization for the building sector.
Siemens has partnered with Metaroom by Amrax to enable the creation of digital twins of brownfield sites. Metaroom’s 3D scanning and digitization tool will be integrated into Siemens’ digital business platform, Xcelerator, to enhance the capabilities of Siemens Building X Lifecycle Twin for brownfield projects. The partnership aims to address the challenge of accurate and comprehensive building digitization, particularly for brownfield sites, by providing a cost-efficient and accessible alternative to traditional methods. Metaroom’s AI-powered smartphone scanning technology can create detailed 3D spatial reconstructions, requiring no high-cost equipment or specialized training.
The integration will enable users to digitize spaces without the need for specialized expertise, while the platform’s AI algorithms ensure detailed and reliable outputs, even in complex environments. The partnership aims to “democratize” digitization and streamline brownfield projects, delivering faster ROI and improved implementation. Siemens’ Building X Lifecycle Twin will transform raw data into actionable insights, enabling predictive maintenance, energy optimization, and regulatory compliance. The partnership is expected to enhance the operational optimization and sustainability of future buildings.
Siemens Settles Lawsuit Over Allegations of Discrimination Based on Religion and Gender
Siemens Corporation has won a court case against a former scientist, Mohammad Parsa Hosseini, who claimed he was discriminated against and fired due to his Muslim faith and Persian ethnicity. The court dismissed Hosseini’s allegations, ruling that his claims lacked factual evidence to support discrimination claims based on sex, gender, color, and religion, and failed to establish severe or pervasive harassment. Judge Susan Illston of the US District Court for the Northern District of California issued the decision. While Hosseini’s claims were dismissed, the judge did provide him with an opportunity to replead, implying that the court would allow him to refile the lawsuit if he can provide additional evidence to support his claims. Despite this setback, the ruling is a significant victory for Siemens Corporation in the ongoing legal battle.
Unified Connectivity: Siemens Global Solutions
Siemens, a leading provider of automation and IT solutions, offers device integration services to help companies integrate their devices and applications into a unified SIMATIC automation system. This allows businesses to streamline their operations, improve efficiency, and reduce costs.
Siemens’ experts in automation and IT will work with clients to understand their specific needs and develop custom connectivity solutions that meet those needs. Building on the company’s extensive experience in various industries, Siemens’ services can be applied to a wide range of sectors. With their expertise, businesses can connect various devices, systems, and applications to create a seamless and efficient flow of information.
By leveraging Siemens’ device integration services, companies can benefit from improved system reliability, enhanced data analysis, and increased productivity. With Siemens’ guidance, businesses can create a tailored solution that meets their unique needs, ultimately helping to drive growth and success.
Siemens sets the stage for RSNA 2024 with the unveiling of new PCCT scanners and a powerful Sequoia upgrade.
At the 2024 RSNA (Radiological Society of North America) annual meeting, Siemens Healthineers introduced several new introductions, including new PCCT (photoacoustic computed tomography) scanners and an upgrade to the Sequoia ultrasound system. The new PCCT scanners, designed for hybrid imaging, combine the high-resolution imaging capabilities of photoacoustic computed tomography with the versatility of conventional computed tomography (CT). This allows for new diagnostic applications, such as molecular imaging, functional imaging, and monitoring of biotherapeutic effects.
The upgraded Sequoia system features improved imaging capabilities, including increased frame rates and resolutions, as well as enhanced contrast and noise reduction. The system also comes with a new ergonomic console design and a range of advanced tools, such as tissue harmonic imaging and MicroPure imaging.
Siemens also showcased other new solutions and upgrades at the conference, including advanced AI capabilities, improved radiation dose management, and expanded connectivity and integration options. The introductions aim to enhance diagnosis and treatment options for healthcare providers and patients, improving patient outcomes and care.
Please note that the length of the original content exceeded 200 words, I had to condense the information to fit within the 200-word limit while still maintaining the main points.
Trailblazers in Digital Engineering Receive Top Accolades at the 3rd Annual Awards Celebrating Game-Changers in Technology.
The Financial Times has announced the winners of its Third Annual Digital Engineering Awards, recognizing pioneers in the field of digital engineering and technology. The awards aim to celebrate companies and individuals that are transforming the engineering industry through innovative digital solutions.
The winners were selected from a pool of over 200 nominations, with winners announced in categories such as Artificial Intelligence, Data Analytics, and Cloud Computing. The awards honor companies and individuals that are pushing the boundaries of digital engineering, driving innovation, and creating new opportunities for growth.
The winners include companies such as Siemens, which was recognized for its work on artificial intelligence in engineering, and Accenture, which won for its use of cloud computing in the manufacturing industry. Other winners include individuals such as Dr. Rainer Strack, who was recognized for his work on data analytics in engineering.
The awards aim to promote digital engineering as a key driver of economic growth and competitiveness, and to recognize the pioneers who are shaping the future of the industry.
Can Siemens unlock the secrets to upgrading the electrical infrastructure?
Gridscale X is a solution that enables grid operators to rethink grid management, increase capacity quickly, and leverage distributed energy resources to improve customer satisfaction. Its ultimate goal is to empower utilities to reach net zero while maintaining grid stability. As climate change intensifies and electricity demands surge, the pressure on energy systems to evolve is increasing. The integration of renewable energy sources into traditional grids is posing significant challenges for providers. The existing grids are not designed to handle the increased demands and weather volatility, and are prone to failures and inefficiencies. To achieve a sustainable future, a comprehensive approach involving coordinated efforts, breakthrough technologies, and substantial investments is necessary. The energy transition requires significant changes to grid infrastructure and management. With Gridscale X, grid operators can rethink grid management and leverage distributed energy resources to improve customer satisfaction while reaching net zero.
Siemens achieves a 95% reduction in data volume through efficient data reduction strategies.
Siemens Digital Industries Software partnered with Cribl Inc. to improve its data management and security operations. The company used Cribl’s data reduction and operational visibility expertise to adapt to the expanding demands of its data management and security operations. Siemens was able to reduce its data volume by up to 95% using Cribl Stream, allowing for more efficient use of tools such as Splunk. This process cut costs and improved the quality and accessibility of critical data. The partnership also enabled Siemens to customize data formats, making them more usable for analysts and improving the efficiency of their security information and event management workflows. The result is enhanced dashboards, reduced reliance on multiple tools, and streamlined operations, allowing analysts to focus on critical insights without distractions. In a video interview, Scott Schwartz, senior cloud infrastructure engineer at Siemens, and Pedro Borges, senior security engineer at Siemens, discussed the benefits of the partnership and the importance of blending innovation with strategy and teamwork in rapidly evolving fields.
Siemens and PhysicsX have forged a partnership to create an AI-powered deep physics simulation, pushing the boundaries of precision and innovation.
Siemens Digital Industries Software and PhysicsX, a startup leveraging generative AI, are collaborating to create the next generation of AI-based deep physics simulation to accelerate performance prediction and optimization. PhysicsX is building its latest pre-trained deep physics model for aerodynamics on high-fidelity simulation data generated with the Siemens Xcelerator portfolio. The collaboration aims to enable breakthrough engineering in advanced industries.
PhysicsX released its Large Geometry Model (LGM) for aerodynamics, LGM-Aero, which is trained on high-fidelity data generated with Siemens Xcelerator portfolio tools. This allows users to fine-tune deep learning models for their own applications with minimal simulation data. PhysicsX also released Ai.rplane, a free-to-use reference application that showcases the power of LGM-Aero in aerodynamics and aircraft structures.
The goal is to create a zero-shot model that generalizes to a broad set of aeroelastic applications. Users can explore the generative design space and optimize performance characteristics in seconds, a significant improvement over traditional numerical simulations. Siemens’ Xcelerator portfolio enables automation of high-quality training data generation, and LGM-Aero and Ai.rplane are available on the PhysicsX AI engineering platform.
KEZAD Group and Siemens Collaborate to Enhance Abu Dhabi’s Industry 4.0 Capabilities
KEZAD Group and Siemens have signed a framework agreement to explore opportunities and provide assessments and optimization insights to KEZAD’s industrial clients. Under the agreement, Siemens will conduct Industry 4.0 assessments and technology transformation index assessments to enhance the digital and sustainable manufacturing readiness of KEZAD’s clients. The agreement also includes industry-specific workshops, virtual factory tours, and standardized virtual tours to showcase leading manufacturers in KEZAD. The goal is to enhance visibility, engage a wider audience, and position KEZAD as a benchmark for industrial innovation in the region.
Abdullah al Hameli, CEO of Economic Cities & Free Zones, AD Ports Group, and Dr. Oliver Elbracht, Head of Siemens Advanta Middle East, discussed the partnership, highlighting its potential to advance Abu Dhabi’s vision on the future of manufacturing. The agreement aims to provide transformative solutions that drive innovation, sustainability, and global competitiveness. The partnership is expected to enhance operational excellence, set new benchmarks for industrial innovation, and promote environmental responsibility.
Siemens and PhysicsX join forces to develop AI-powered deep physics simulation capabilitiesI changed the phrase to make it more concise and fluid, while still conveying the same meaning and tone as the original sentence. Let me know if you’d like me to make any further changes!
PhysicsX, a startup, is building a pre-trained deep physics model for aerodynamics using high-fidelity simulation data from Siemens Xcelerator portfolio. The model, LGM-Aero, is trained on a vast corpus of geometries and physics simulations, allowing users to fine-tune models for their own applications with minimal simulation data. PhysicsX has also released Ai.rplane, a free-to-use public-access reference application showcasing the power of LGM-Aero. Ai.rplane enables users to explore aerodynamics and aircraft structures, generating shapes and assessing physics performance in seconds. The application demonstrates the creation of geometry and physics performance assessment in less than a second, compared to traditional numerical simulations which take hours.
The collaboration between PhysicsX and Siemens aims to accelerate the development of AI-based deep physics simulation. Siemens’ SVP, Jean-Claude Ercolanelli, stated that open collaboration is key to scaling AI adoption, while PhysicsX’ founder, Robin Tuluie, emphasized the importance of high-quality synthetic data and robust integrations between Computer Aided Engineering and AI. Readers can access Ai.rplane, a revolutionary AI-powered simulation technology, through a public-access link.