Siemens presents innovative solutions at World Future Energy Summit 2010 in Abu Dhabi

Siemens, being aware of the challenges arising from the demand for a global reduction of carbon emissions, 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 growing energy demand, and thus a growing consumption of fossil fuels, today at the beginning of the 21st century we face the question of how we can put our energy system on a sustainable foundation in the face of demographic change, 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 “World Future Energy Industry – Challenges and Solutions” on the first day of WFES. “An integrated energy system is needed worldwide to help master these key challenges that will make electricity the most important source of energy,” added Dehen. “Besides its versatile usage, electricity allows the extensive integration of a variety of renewables and highly efficient bulk power transport over huge distances. Desertec provides a vision for clean energy that could make a substantial contribution to sustainable power supply in the future energy mix. Siemens, with its broad portfolio of components for solar power plants, wind turbines and highly efficient power transmission, up to end-use energy efficiency would be the perfect technology partner for this trail-blazing project.”

As in 2008 and 2009, Siemens will be participating in the WFES with a number of top-ranking managers. Ralf Christian, CEO of the Siemens Power Distribution Division, will be hosting the Smart Grids panel. René Umlauft, CEO of the Siemens Renewable Energy Division, will join the panel “Towards the Low Carbon Economy – Institutional Transition and Human Capital”.

Dr. Andreas von Clausbruch, Head of Financial Services Middle East at Siemens Financial Services, will be there to answer any questions on financing of energy infrastructure. And Andreas Schierenbeck, CEO Siemens Building Automation, will outline how commercial used buildings can be turned into a source of energy.

Large cities, in particular, with their voracious appetite for electricity are predestinated to take a leading role in implementation of new technologies for electricity grids, building automation and technologies to reduce emissions. Siemens offers solutions for these challenges based on three steps:

– Initially, Siemens provides consultation and technology to optimize the energy mix towards greener energy generation. Highly efficient wind turbines and emission-free solar power generation help large cities to significantly reduce their carbon footprint. For example, Siemens was selected to deliver wind turbines for the world's largest offshore wind farm, the London Array, in which Masadar has a stake of 20%. London Array is set to become the first one gigawatt offshore wind farm, supplying enough power for approximately 750,000 households – or a quarter of the homes in the Greater London area – and cutting CO2 emissions by 1.9 million metric tons per year.

– In a second step, Siemens has developed solutions to optimize efficiency along the whole energy chain: From power plants with an outstanding efficiency factor, low-loss power lines (i. e. high voltage DC lines for large distances) to more efficient methods of electricity distribution in cities and highly sophisticated energy management systems for buildings.

– As a third step Siemens is able to optimize entire energy systems and to build the power grid of the future – the Smart Grid. This is an 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 wind turbines in a sustainable but unsteady manner, it becomes more and more important to balance electrical grids with innovative ideas. For instance, upcoming buildings will have a mix of distributed energy resources (e.g. wind, solar) as well as energy storage technologies (e. g. thermal, hydrogen, E-cars). This may result in 20% efficiency gains – for each renewable energy source – without requiring new technology.

Siemens anticipates massive investments worldwide in sustainable urban infrastructure. Cities are the growth drivers of the future, yet also account for the biggest share of CO2 emissions. Cities throughout the world are the decisive factor affecting our climate. With its unique environmental portfolio, Siemens is the perfect partner for sustainable urban development. In fiscal 2009 Siemens generated revenues of €23bn with products and solutions from its environmental portfolio.

In 2007 the portion of the global population living in urban areas exceeded 50% for the first time. By 2030 about 60% of the world's population will reside in cities. Conurbations already account for 75% of worldwide energy consumption and 80% of global greenhouse gas emissions. Siemens, with its products and solutions, makes a major contribution to greater environmental sustainability.

Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. For over 160 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. The company is the world's largest provider of environmental technologies, generating €23bn – nearly one-third of its total revenue – from green products and solutions. In fiscal 2009, which ended on September 30, 2009, revenue totaled €76.7bn and net income €2.5bn. At the end of September 2009, Siemens had around 405,000 employees worldwide.