Siemens is a well-established German technology company focused on industry, infrastructure, transport, and healthcare. Ranging from resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, Siemens creates technology with purpose adding real value to customers.
Siemens offers a wide range of electrical engineering and electronics-related products and services. Its energy-related products include gas and steam turbines; generators; compressors; on- and offshore wind turbines; high-voltage transmission products; power transformers; high-voltage switching products and systems; alternating and direct current transmission systems; medium-voltage components and systems; and power automation products.
The Siemens portfolio covers the whole spectrum of applications to design, finance, build, operate and maintain a modern smart grid and power distribution systems.
Siemens has been involved in the world’s first industrial-scale power-to-X-to-power demonstration with an advanced turbine with high hydrogen content fuel. The HYFLEXPOWER project aimed to demonstrate that green hydrogen can serve as a flexible means of storing energy that can then be used to power an industrial turbine. The hydrogen is produced on-site with an electrolyzer and, mixed with 70 vol% of natural gas, used in a gas turbine for power generation.
In fiscal 2021, which ended on September 30, 2021, the Siemens Group generated revenue of €62.3 billion and net income of €6.7 billion. As of September 30, 2021, the company had around 303,000 employees worldwide.
Siemens is the EPC of the hydrogen energy projetcts initated by ProEuropean.