Siemens Expands Competence in Solar: Acquires Stake in Italian Solar Thermal Specialist Archimede Solar Energy (ASE)
Mar 24, 2009 – Siemens Energy is to acquire a 28% stake in the Italian solar company Archimede Solar Energy S.p.A. and thus expand its competencies for solar thermal power plants. ASE is the sole producer of solar receivers operating with molten salt as the heat transfer fluid. Siemens is market leader in steam turbine-generators for solar thermal power plants. By combining these 2 technologies Siemens wants to enhance the efficiency of these plants and further reduce the production costs for solar power. The 2 companies did not disclose the purchase price of the shares.
”By acquiring a stake in Archimede Solar Energy Siemens is underlining its intention to become the leading provider of solutions for solar thermal power plants,” said René Umlauft, CEO of the Siemens Renewable Energy Division. ”In the upcoming years the market for solar thermal power plants will grow at a rapid pace and the interest of our traditional customers in the energy sector in this promising future-oriented technology will increase significantly.” The market for solar thermal power plants will according to Siemens estimates show double-digit growth rates per year to reach a volume of over ten billion euros by 2015.
Archimede Solar Energy is a subsidiary of the industrial group Angelantoni Industrie, S.p.A. and is headquartered in Massa Martana in Umbria. The revenues posted by Archimede Solar Energy, which were in the single-digit million range in 2008, are slated to increase significantly after joining forces with Siemens. Siemens will provide capital for fast expansion of production capacities, with the possibility to acquire a majority stake in the solar company in the mid-term.
”We chose Siemens Energy as our Partner to enable us to better match the tremendous growth we are expecting in the solar thermal power sector worldwide,” said Gianluigi Angelantoni, President of Archimede Solar Energy. ”Construction of a new factory for the production of solar receivers, which is scheduled to be up and running in 2010, will begin before the end of this year.”
Archimede Solar Energy is the world’s only company that uses molten salt as heat transfer fluid in its solar receivers for parabolic-trough power plants. Compared to plants using the customary thermo oil the efficiency of solar thermal power plants can thus be significantly enhanced. Molten salt can also be used as a heat store, with the stored energy being used in solar thermal power plants to also produce electricity at night.
Solar thermal power plants work on the same principle as conventional steam power plants – with the difference that the heat for steam generation is not produced by combusting fossil fuels but with the aid of solar energy. To this end parabolic mirrors bundle the incident solar radiation and reflect it onto receiver tubes, through which a heat transfer fluid flows. The salt used exclusively by ASE is heated to temperatures up to 550 degree Celsius and then flows through a heat exchanger, in which the steam is produced to drive a steam turbine-generator.
Siemens is already market leader in the supply of steam turbine-generators for solar thermal power plants. To date, Siemens has secured more than 40 orders for these key components. With the partial acquisition of Archimede Solar Energy Siemens will now significantly expand its steam cycle know-how for solar power plants. At the same time Siemens will further consolidate its position as one of the leading companies in renewables-based power plant technology.
Products for solar thermal power plants are an important feature of Siemens environmental portfolio. In 2008, revenue from the products and solutions of Siemens environmental portfolio was nearly 19€ billion, which is equivalent to around a quarter of Siemens total revenue.
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. I n fiscal 2008 (ended September 30), the Energy Sector had revenues of approximately 22.6 €billion and received new orders totaling approximately EUR33.4 billion and posted a profit of 1.4 €billion. On September 30, 2008, the Energy Sector had a work force of approximately 83,500.
[...] eblock put an intriguing blog post on Siemens Expands Competence in Solar: Acquires Stake in Italian …Here’s a quick excerptMar 24, 2009 – Siemens Energy is to acquire a 28% stake in the Italian solar company Archimede Solar Energy S.p.A. and thus expand its competencies for solar thermal power plants. ASE is the sole producer of solar receivers operating … [...]
I wonder what this company could do if it had as much money pumped into it as some of the US banks have had. All the banks can do is collapse and thieve money. Maybe money should be pumped elsewhere…to companies like this one.
Interesting. Solar thermal energy is going to be big business in the near future with both Spain and Australia investing big in it.
Address : Tabriz Electrical Power Distribution Company – Qatran St – Valiasr Alley – Tabriz _ Iran
24.04.2009
Dear Sir,
We are writing to you to inquire some information on solar thermal power. I am a technical expert from Tabriz Electrical Power Distribution Company. We have reviewed your site on solar thermal power , and it is our pleasure to inform you that in our country there are suitable environment and climate for further advances. Since we have shortage of energy here , we are interested in to contract with you for this work.
and we would be grateful if you would send us your illustrated catalogue giving all details about this technology and we would like to know about:
- Measure of land for producing energy in various size
- Your financial support
- Your price list
-
Please let me know if any additional information would assist in reaching a positive outcome, and I thank you again for the time you have spent reading this letter and for your assistance and cooperation in this matter.
We appreciate your soonest reply.
Please contact me via email at your earliest convenience.
Yours faithfully,
Ahmad Hesamzadeh
[...] concentrazione, realizzabile anche grazie all'apporto dell'azienda Angelosanti di Massa Martana. …Siemens Expands Competence in Solar: Acquires Stake in …Archimede Solar Energy is a subsidiary of the industrial group Angelantoni Industrie, S.p.A. and is [...]
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