Siemens Energy and Toray to develop partnership through PEM water electrolysis based on a new membrane technology
Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs more than 90,000 people worldwide in more than 90 countries and generated revenue of around €27.5 billion in fiscal year 2020.
Toray is an integrated chemical industry company that leverages core strengths in organic synthetic chemistry, polymer
chemistry, biotechnology, and nanotechnology to supply materials across a range of fields. These include fibers and
textiles, performance chemicals, carbon fiber composite materials, environment and engineering, and life sciences. The
company has contributed to society through business since its founding. In 2018, it formulated the Toray Group
Sustainability Vision, under which it seeks to help materialize a world that completely offsets greenhouse gas emissions through absorption by 2050. Toray aims to reach carbon neutrality by 2050 for society overall and for itself. It will do so by
expanding Green Innovation Businesses to cut greenhouse gas emissions and help resolve environmental, resource, and
energy issues and by developing technologies and products that contribute to absorbing greenhouse gases. Toray
operates in 29 countries and regions, has around 46,000 employees, and posted revenue of ¥1,883.6 billion (about 14.5
billion euros) in the fiscal year ended March 31, 2021.