Siemens Receives Pennsylvania Grant for Clean Energy Project
Malvern, Pa., Jun 26, 2006, Siemens Medical Solutions (www.usa.siemens.com/medical) is one of 25 recipients of $8.5 million in grants from the Pennsylvania Energy Development Authority (PEDA), which were given to pursue clean energy projects throughout the Commonwealth.
At a time when high oil prices, energy conservation, and alternative energy sources are major issues for American citizens and businesses, these 25 projects will receive financial assistance in the form of grants or loans for a variety of clean electricity projects using sources such as wind, solar, biomass, waste coal and recycled energy. Siemens received a $415,000 grant to install one of the largest photovoltaic (or solar) energy systems in Pennsylvania - a 100-kilowatt system generating approximately 125,000 kilowatt hours annually. Installation will begin in July 2006.
Kevin Matthews, P.E., the senior facilities manager at Siemens who led the company-wide initiative to obtain the grant, explains that the system will utilize solar panels installed at a 25 degree tilt, which generates 15 percent more electricity annually than flat solar panels.
“Over the system’s 30-year lifespan, we expect it to provide the equivalent environmental benefit of planting 5,057 trees or reducing the total number of vehicle miles driven by 7,586,250,” said Matthews. “The energy savings for Siemens is estimated to average $14,000 to $16,000 per year for the next 25 to 30 years.”
According to the Energy Information Administration and based on average U.S. household consumption, the system being installed by Siemens generates enough electricity to power all appliances, electronics, lighting and related household needs for 30 homes. While renewable energy only makes up about 7 percent of the energy used in the U.S., Pennsylvania Governor Edward G. Rendell has put in place an aggressive portfolio standard that mandates some 700 megawatts of electricity from solar photovoltaics in 15 years, attracting investments in solar technologies that will create jobs and ensure reliable, affordable electricity supplies.
“Advanced energy technology is about achieving both environmental protection and economic development - at the same time,” Governor Rendell said. “In Pennsylvania, we are changing the way America produces fuel and thinks about energy - attracting investments that stimulate the economy and create jobs, putting indigenous resources to work to enhance security at home and realizing significant improvements in environmental protection.”
“This project seeks to explore the use of this technology to supply part of the electricity needs of Siemens’ Malvern campus, reducing our overall demand for electricity at times of peak use. This will help relieve constraints on the local and regional electricity grid,” said Heinrich Kolem, Ph.D., president, Siemens Medical Solutions, USA. “We are confident that by installing this new energy system, we will help improve regional air quality, demonstrate new power technology to the community, reduce congestion on the utility grid, and stimulate job and industry growth.”
Siemens develops a wide range of technologies to help customers address their sustainability needs and sets high standards of environmental care for its own businesses. With one of the world’s broadest energy portfolios, Siemens has built upon its strong power generation base to include solutions in waste-to-energy, wind and hydro power, emission/pollution control, green buildings, ethanol plant controls and hybrid vehicles. In several of its non-energy businesses - medical, water, lighting, transportation, and industrial automation - the company is providing solutions that sustain natural resources and contribute to overall quality of life. In its own operations, Siemens enforces practices to consume less, conserve more and reduce greenhouse gas emissions. Siemens has been on the Dow Jones Sustainability Index for five years in a row. In 2005, Siemens was added to the 60 best companies in the Climate Leadership Index as part of the Carbon Disclosure Project of 150 large institutional investors. For more information about Siemens environmental policy and offerings, go to www.usa.siemens.com/sustainability.
About Siemens Medical Solutions
Siemens Medical Solutions of Siemens AG (NYSE:SI) with headquarters in Malvern, Pennsylvania, and Erlangen, Germany, is one of the largest suppliers to the healthcare industry in the world. The company is known for bringing together innovative medical technologies, healthcare information systems, management consulting, and support services, to help customers achieve tangible, sustainable, clinical and financial outcomes. Employing approximately 33,000 people worldwide and operating in more than 120 countries, Siemens Medical Solutions reported sales of 7.6 billion EUR, orders of 8.6 billion EUR and group profit of 976 million EUR for fiscal 2005. More information can be obtained by visiting www.usa.siemens.com/medical-pressroom.
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