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• Greenlink interconnector will increase power supply security and foster the integration of renewable energy
• Consortium of Siemens Energy and Sumitomo Electric to supply HVDC cable and converter technology

Siemens Energy, together with its consortium partner Sumitomo Electric, have signed a contract with Greenlink Interconnector Limited. Siemens Energy will deliver the high-voltage direct current (HVDC) converter technology for the 190km electricity interconnector Greenlink. The 500- megawatt HVDC link will connect the power grids of Ireland and Great Britain. As the power can flow in either direction, depending on supply and demand in each country, it allows both countries to benefit from increased grid stability, security of power supply and cost-effective growth and integration of low carbon energy. Work will begin at the start of 2022 following financial close.

• Ground-breaking ceremony for the lighthouse Haru Oni project sponsored by the Federal Ministry of Economic Affairs
• Porsche will use the practically CO2-neutral eFuels in motor sports from 2022
• Preparations for the next major commercial phase already underway

Siemens Energy and sports car manufacturer Porsche have joined forces with a number of international companies to build an industrial plant for the production of virtually CO2-neutral fuel (eFuel) in Punta Arenas, Chile. The ground-breaking ceremony for this pioneering project took place today in the presence of Chile’s Energy Minister Juan Carlos Jobet. A pilot plant is initially being built north of Punta Arenas in Chilean Patagonia, which is expected to produce around 130,000 litres of eFuels in 2022. The capacity will then be expanded in two stages to around 55 million litres by 2024 and to around 550 million litres by 2026. The necessary environmental permits have now been obtained by the Chilean project company HIF (Highly Innovative Fuels). Siemens Energy has also already started preparatory work for the next major commercial phase of the project. 

• Siemens Energy will provide equipment for the partial electrification of Troll B and full electrification of the Troll C semi-submersibles
• Equinor estimates that reducing the power from gas turbines on Troll B and C will reduce annual carbon emissions by approximately 500,000 tonnes

Siemens Energy received a contract from Aker Solutions to supply the complete packages for the electrical transmission, distribution, and power management system (PMS) for the Troll West electrification project in the North Sea. The Troll field is operated by Equinor and contains considerable oil and gas reserves.

• Supply of 1,100-MW power plant in consortium with CTCI Corporation
• HL-class technology for low-emission, economical, and flexible power generation
• Long-term service contract for core components

Siemens Energy's HL-class technology is poised to enable particularly low-emission, economical, and flexible power generation in Taiwan as of mid-2024. Siemens Energy, together with its consortium partner CTCI Corporation, the leading Taiwanese engineering, procurement, and construction (EPC) company, will build the Sun Ba Power Phase II Combined Cycle Power Plant. The plant will be an important building block in Taiwan's energy transition, which aims to shift from coal and nuclear power to environmentally friendly gas-fired power plants and renewable energies. Sun Ba II will be built in Tainan, southwestern Taiwan, and have an installed electrical capacity of 1,100 megawatts (MW). It will be fired with regasified liquefied natural gas (LNG). Siemens Energy will also provide long-term service for the plant's core components. The customer is the independent power producer Sun Ba Power Corporation.

• Contributing to a carbon-neutral society through green hydrogen production
• Both companies to cooperate on R&D and Demonstration project adopted by Green Innovation Funding Program in Japan

Toray Industries, Inc. and Siemens Energy K.K., the Japanese subsidiary of Siemens Energy AG, were adopted by the Green Hydrogen Project under the Green Innovation Funding Program organized by the Japanese Ministry of Economy, Trade and Industry (METI) and the New Energy and Industrial Technology Development Organization (NEDO). The two companies will receive the funding together with six other companies including the Yamanashi Prefectural Enterprises Bureau, and Tokyo Electric Power Company. Siemens Energy and Toray are jointly promoting the technological development and demonstration of the largest multi megawatt class PEM (PEM = Polymer Electrolyte Membrane) electrolysis in Japan with new membrane technology from Toray.

• Important project progress for Germany’s largest energy infrastructure project
• Siemens Energy’s high-voltage direct current technology will enable low-loss transport of up to 2 gigawatts over more than 700 kilometers

Fluctuating feed-in from renewable energy plants, the new spatial distribution of power generation, and rising energy demand: The power grids of the future will face a wide range of challenges that require a rapid expansion of the infrastructure. A total of 7,500 kilometers will have to be optimized, strengthened, or newly built in the German transmission network over the next few years. High-voltage direct current (HVDC) transmission links are playing a key role here, such as SuedLink, the new wind power line, that will enable low-loss energy transport over long distances and the integration of wind power from the North and solar power from the South of Germany into the transmission grid. The contract for the necessary converter technology for the section between the grid interconnection points of Brunsbüttel in Schleswig-Holstein and Leingarten/Großgartach in Baden-Württemberg was signed today. Siemens Energy will supply the converters and carry out the detailed and site-specific planning of the facilities in the coming months together with the project owners, the transmission grid operators TenneT and TransnetBW, and further project members.

• Strong order development at Gas and Power (GP). Due to the expected volatile order development at Siemens Gamesa Renewable Energy (SGRE) orders dropped by 36.8% to €5.9bn against a strong order intake in Q3 FY 2020. Order backlog at quarter-end amounted to €82.6bn.
• Revenue increased by 8.8% to €7.3bn due to growth in both segments for a book-to-bill ratio (ratio of orders to revenue) below 1. On a comparable basis (excluding currency translation and portfolio effects) revenue grew 11.2% versus prior-year’s level.
• Driven by GP’s sharp improvement, Adjusted EBITA before special items for Siemens Energy was positive with €54m (Q3 FY 2020: negative €213m) and a margin of 0.7%, despite a loss at SGRE. The recent quarter was impacted by total special items of €178m particularly related to GP’s competitiveness program. Special items in Q3 FY 2020 however were negative €969m, mainly resulting from strategic portfolio decisions. Overall, Adjusted EBITA came in with negative €124m compared to negative €1,182m a year earlier.
• Net loss was €307m, a sharp improvement compared to the loss in the prior-year quarter of €1,132m. Corresponding basic earnings per share (EPS) were negative €0.32.
• For fiscal year 2021, management confirms the outlook for nominal revenue growth in the range of 3% to 8% for Siemens Energy. However, due to the financial performance at SGRE’s onshore business in the recent quarter and its significantly lower profit expectations for the fiscal year 2021, management now expects an Adjusted EBITA margin before special items for Siemens Energy in the range of 2% to below 3%, previously 3% to 5%.

• Siemens Energy and GIL Automation to improve local content in Nigeria
• Improving technology and skills transfer, through training and project collaboration
• Leveraging Siemens Energy’s Rotating Equipment Workshop in Port Harcourt

Siemens Energy has signed an agreement with GIL Automation to boost the development of local content in Nigeria, in the form of training, skill developments and joint project execution, at the Siemens Energy Rotating Equipment Workshop in Port Harcourt.

• Siemens Energy to supply reliable power to community of more than 30,000 homes in Saudi Arabia’s capital city Riyadh
• One of the largest transmission contracts in the country

Siemens Energy will strengthen the transmission network in Saudi Arabia’s capital, Riyadh, bringing power to more than 30,000 homes in ROSHN’s first residential community in Riyadh, which spans across 20 million square meters.