Siemens Gas and Power is focused on helping customers navigate the world’s most pressing energy problems, both for today and tomorrow. Essential applications include providing products, solutions and services that make fossil energy greener; delivering decentralized, flexible power solutions; managing the complexities of the grid; improving and de-risking aging assets; and connecting supply and demand through storage technologies such as grid-scale batteries and Power-to-X technologies. Siemens Gas and Power has a broad customer base that includes oil and gas, utilities, independent power producers, engineering, procurement and construction companies (EPCs), transmission system operators, and industrial companies in sectors such as mining and chemicals. Gas and Power offers:
Bringing energy to the people, together. Ende Andina is expanding three of its thermal power plants to add more than one gigawatt to the Bolivian power grid, with components like gas turbines and logistics from Siemens.
Read more about how Bolivia and Siemens are improving the access to electrical power for the country’s growing population and its developing economy here.
In relation to the Gas & Power verticals (Oil and Gas, Central Power Generation, Transmission, and Power Generation):
The energy value chain used to be linear, starting with oil & gas extraction and ending with the consumption of energy. Today, the global society is facing a very different energy future, with more interdependencies and complexities. The energy industry is transforming amidst a digital and technological revolution, moving us toward ever more complex, multi-modal and decentralized systems. Existing business also models are being disrupted and traditional energy value chains recomposed. The result is a system that is no longer “linear;” instead, it will require integrated energy ecosystems that span the entire value chain. That means traditional and new elements across generation, transmission, distribution and consumption must be seamlessly integrated to realize their full potential. Managing this complexity is the true challenge of shaping the new energy future.
Siemens and the new GP organization have clearly identified the changes in the market and not only reacted but are now driving the market with a fully integrated development and investment approach via the PDI Business (Project Development and Investment). In this approach, we not only invest in very early stages of power projects in order to secure market share and above average profits, we also fully utilize the financing portfolio Siemens is offering which is reaching from Equity Finance, via Structured Debt Products down to Leasing and Rental Solutions.
Renewables are certainly part of the solution to decrease harmful emissions. To ensure power supply, hydrocarbons are essential in the foreseeable future. To that end, Gas & Power is developing solutions to reduce the environmental footprint of oil and gas activities. It is also building out the critical transportation infrastructure (namely pipeline and LNG) to move nature gas - a cleaner alternative to coal - to destination markets where it can be used as a feedstock for power. Moreover, Gas & Power supports safe, clean and affordable power with our transmission portfolio. In addition, Gas & Power is developing Decentralized Energy Systems solutions for verticals and hybrids, which will be an essential part of our solutions for future energy systems. And finally, Gas & Power is developing technologies to ensure that grids can accommodate power from multiple sources, including renewables.
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