Siemens to present solutions for sustainable power supply at the World Energy Congress 2010

Erlangen, Germany / Montreal, Canada, Siemens will again take part in the World Energy Congress (WEC), held from September 12 to 16, 2010, in Montreal, Canada. This event, which takes place every three years, has become a key gathering point for the world’s energy leaders to present concepts and solutions for the energy supply of the future. Corresponding with the main motto of the congress, “Responding now to global challenges – Energy in transition for a living planet”, Siemens will present its proven, highest-efficiency industrial solutions as well as innovations for a future sustainable energy supply and smart consumption.

“Whereas the 20th century was distinguished by meeting growing energy demand, and thus rapid consumption of fossil fuels, now at the beginning of the 21st century we face the question on how we can put our energy system on a sustainable foundation given continued expansion in energy demand but declining fossil fuel resources and climate change,” said Wolfgang Dehen, CEO of the Energy Sector and member of the Managing Board of Siemens AG. Dehen will take part in the Plenary Forum “Meeting energy demand: a global challenge requires global solutions” on the second day of WEC. “An integrated energy system is needed worldwide to help master these key challenges that will make electricity the most important source of energy. Besides its versatile usage, electricity allows the extensive integration of a variety of renewable energy sources and highly efficient bulk power transport over huge distances.”

Siemens will be participating in the WEC with a number of top-ranking managers. Michael Suess, CEO of the Fossil Power Generation Division in the Siemens Energy Sector, will join the panel discussion “Energy and climate change” on September 15. He forecasts an intelligent energy mix – a coexistence of fuel sources where gas and coal will combine with wind and solar power, biomass and hydro power as well as nuclear power.

Michael Weinhold, Chief Technology Officer of the Siemens Energy Sector, will join the panel discussion “Sharing experience: examples of successful initiatives in technology transfer” on September 16: “Partnering is key for a sustainable and successful business. Siemens involves customers and other regional stakeholders during all phases of the product lifecycle in the development and design phase, during project realization and in the operation phase. This approach leads to a high degree of technology understanding and improves the local expertise in technology. Siemens has established tools and processes globally to realize this partnering concept”, said Weinhold.

Also on September 16, Roland Chalons-Browne, CEO of Siemens Financial Services, will be a participant of the panel discussion “Investing in the transition: risks and rewards”. Chalons-Browne: “Building an energy efficient future comes at a high cost. Identifying and procuring the most suitable equipment for renewable energy projects is the first challenge, closely followed by the search for the right financing solution to fund the project. An integrated offering, combining both technology and finance, addresses these two key challenges and provides a rapid yet efficient execution for project developers.”

Siemens offers solutions for the upcoming energy challenges based on three steps. First: Siemens provides technology to optimize the energy mix towards greener energy generation. For example, Siemens is to supply wind turbines with a combined capacity of 227 megawatts (MW) for a wind farm located in Oklahoma, North America. Siemens also continues to post successes in Canada: The company recently has signed a framework agreement with Samsung C&T Corporation for the supply of wind turbines for various projects in Ontario with a combined capacity of up to 600 MW, which is sufficient to supply 240,000 Canadian households with eco-friendly electricity. Siemens has also announced that it intends to invest in setting up a new rotor blade manufacturing facility in Canada. Another example for optimization of the energy mix towards greener energy generation are highly efficient gas turbines: Siemens will supply two gas turbine packages for a coal-fired integrated gasification combined-cycle (IGCC) power plant in Liberty, Mississippi, USA. Approximately 65 percent of CO2 emissions from this power plant are expected to be captured – a reduction of three million tons of CO2 per annum.

In a second step, Siemens is optimizing efficiency along the whole energy chain: From power plants with an outstanding efficiency factor, low-loss high voltage direct current transmission systems (HVDC) to bridge large distances to more efficient methods of electric power distribution in cities and highly sophisticated energy management systems for buildings.Siemens has entered the US market with the new generation of energy-efficient H-class gas turbines. A leading utility from Florida is the first commercial customer. Starting in 2012, six of the turbines, which cut fossil fuel consumption in combined-cycle power plants by a third, will be in operation. The H-class is a masterpiece of engineering and a model of energy efficiency.

As a third step towards a sustainable power supply, Siemens is able to optimize entire energy systems and to build the power grid of the future – the smart grid. This is an intelligent electrical grid which provides a continuous, bidirectional flow of information between suppliers and consumers. The information is used to create a better balance between supply and demand, leading to reduced costs as well as increased reliability. With a rising proportion of energy being produced by fluctuating renewable energy sources like wind and solar power, it becomes more and more important to balance electrical grids with innovative ideas.

The Siemens Energy Sector is the world’s leading supplier of a complete spectrum of products, services and solutions for the generation, transmission and distribution of power and for the extraction, conversion and transport of oil and gas. In fiscal 2009 (ended September 30), the Energy Sector had revenues of approximately EUR25.8 billion and received new orders totaling approximately EUR30 billion and posted a profit of EUR3.3 billion. On September 30, 2009, the Energy Sector had a work force of more than 85,100. Further information is available at: www.siemens.com/energy

Reference Number: E201009121e