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• SuedOstLink will transport environmentally friendly electricity from northern to southern Germany 
• High-voltage direct current transmission enables low-loss transport of up to two gigawatts over more than 500 kilometers

The demand for renewable energy is rising. In 2020, global production of electricity from renewable sources, such as wind or solar energy, increased by 10.3 percent. Most environmentally friendly electricity in Germany is produced on land and at sea by large wind power plants in the north.   At the same time, Germany also needs electricity in its south region where most industrial plants are located, and a growing number of conventional power plants are being taken offline. To ensure a continued reliable supply of energy in Southern Germany, transmission system operators 50Hertz and TenneT are planning to build the SuedOstLink electricity highway. It will transport excess energy from northern Germany and ensure that green electricity can be supplied to the South. Siemens Energy will deliver the converter technology, that will enable the low-loss transport of electricity over more than 500 kilometers.

• Two static synchronous compensator (STATCOM) systems and two synchronous condensers will ensure stability of Italian grid  
• First space saving, single phase and containerized 125 Mvar STATCOM solution

Italian transmission system operator Terna. S.p.A (Terna) has ordered two static synchronous compensator (STATCOM) systems for grid stabilization from Siemens Energy. It is Siemens Energy’s first STATCOM order from Italy and will help the country meet new power grid challenges posed by the energy transition.

• State-of-the-art Reactive Power Compensation systems from Siemens Energy to support the power supply at three sites in South West Ireland
• Static Compensator technology helps manage grid stability
• Construction will begin in summer 2021 and will be completed in 2023

Siemens Energy has been awarded three contracts from ESB, Ireland’s leading energy company, to provide state-of-the-art Static Compensator (SVC PLUS) technology to manage grid stability at its three substation sites in South West Ireland.

• Orders rose by 39.0% to €10.5bn, substantially above the prior-year quarter, driven by Siemens Gamesa Renewable Energy (SGRE). 
• Revenue moderately decreased by 4.4% to €6.5bn. On a comparable basis (excluding currency translation and portfolio effects) revenue was on prior-year’s level. 
• Book-to-bill ratio (ratio of orders to revenue) was at 1.62, lifting order backlog to €84.2bn. 
• Adjusted EBITA was €197m, sharply up from €88m in the prior-year quarter which was negatively impacted by the COVID-19 pandemic and project related matters, predominantly at SGRE. The recent quarter showed a solid performance with an improved operational profitability. With special items totaling negative €91m, Adjusted EBITA before special items sharply increased to €288m with a margin of 4.4%. 
• Net income was €31m up sharply after a loss in the prior-year quarter. Corresponding basic earnings per share (EPS) rose to €0.03. 
• For fiscal year 2021, management confirms the profitability outlook of 3% to 5% for the Adjusted EBITA margin before special items, while narrowing the range of expected revenue growth for Siemens Energy overall and both segments individually. For Siemens Energy, the nominal revenue growth rate in fiscal year 2021 now is expected to be in a range of 3% to 8%, previously 2% to 12%.

• Supply of Ireland’s first turnkey synchronous condenser system
• Installation of the world’s largest flywheel
• Ensuring grid stability by providing sufficient inertia, short-circuit power and reactive power

Siemens Energy will supply a synchronous condenser system to the Electricity Supply Board (ESB), Ireland’s leading energy company. The grid stabilizing system will be developed at the Moneypoint power station located in South-West Ireland near Kilrush, County Clare. ESB recently announced the launch of Green Atlantic @ Moneypoint, an ambitious plan to transform the County Clare site into a green energy hub, where a range of renewable technologies will be deployed over the next decade with the capacity to power 1.6 million homes.

• Finland’s first SF 6-free gas-insulated switchgear will enable climate-neutral power transmission 
• Zero global warming potential due to vacuum interrupter and clean-air insulation technology

Siemens Energy has been awarded a contract to deliver ten bays of sulfur hexafluoride(SF 6)-free gas-insulated switchgear (GIS) to Fingrid, Finland’s transmission system operator. It will be the first GIS in Finland that replaces SF 6 as the most potent greenhouse gas in the world with “clean air”, a pure mixture of nitrogen and oxygen with zero potential for global warming. It represents Siemens Energy’s largest order for SF 6-free high-voltage GIS in Europe to date.

• Three clean hydrogen projects with a total electrolyser capacity of 70 MW submitted to Spanish government
• Tarragona hub-concept to use all co-products like oxygen and heat and supply merchant market

Siemens Energy and Messer Group have entered into a cooperation agreement with the goal to work on green hydrogen projects in the 5 to 50 Megawatt (MW) range for industrial and mobility applications. Within the framework of this agreement Messer Ibérica has already submitted three clean hydrogen projects in the chemical complex of Tarragona to the Spanish government. These projects will have a total electrolyzer capacity of 70 MW.

As one of the world’s leading energy technology companies, Siemens Energy welcomes the verification of its emission reduction targets by the renowned Science Based Targets initiative (SBTi). SBTi has verified on a scientific basis that Siemens Energy’s CO2 reduction targets comply with the Paris Agreement and thus contribute to limiting global warming to the extent stipulated in the agreement.

• Systems will be among the most powerful STATCOM installations worldwide
• Innovative grid-supporting technology for stabilizing important nodes in the German transmission power grid and for a successful energy transition

German transmission system operator Amprion has commissioned Siemens Energy with the construction of two SVC PLUS series static synchronous compensator (STATCOM) systems to further stabilize the German transmission power grid. The plants will be in Polsum (North RhineWestphalia) and Rheinau (Baden-Württemberg). Both systems are designed for a reactive power range of +/- 600 Mvar making them among the most powerful systems in the world. In addition, the STATCOMs will feature innovative grid-supporting control mechanisms allowing the systems to efficiently compensate for increasing voltage fluctuations in the electrical transmission network.