SIEMENS ENERGY UNSP/ADR - SMNEY STOCK NEWS

A collaboration between Siemens Healthineers and the University of California, San Francisco has demonstrated that medical facilities can significantly reduce carbon emissions and costs by optimizing MRI machine usage. The study, published in Radiology, highlights that hospitals can decrease power usage by 25-33% by turning off MRIs overnight and an additional 22-28% by enabling a 'power save' mode. This translates to annual savings of $1,717 to $2,943 per MRI. If outpatient MRIs in the U.S. adopted these methods, it could save enough energy to power 6,889 homes yearly. Siemens aims to further explore energy-efficient technologies in healthcare to support carbon-reduction targets, affirming its commitment to sustainability.

Siemens has achieved a significant milestone by obtaining UL listing for a 120-volt, single pole solid-state circuit breaker, making it the first company to do so. This innovative device enhances safety and reliability through its semiconductor-based design that allows for faster current interruption and operates with passive heat management. It is suitable for residential, commercial, and light industrial applications and is made of fully recyclable materials, supporting Siemens’ sustainability goals. The launch signifies a leap towards digital power management.

Siemens announced a $54 million investment to enhance its manufacturing capabilities in Texas and California, focusing on electrical equipment for critical infrastructure like EV charging and data centers. The expansion includes a $10 million upgrade in Grand Prairie, Texas, and over $40 million for a new facility in Pomona, California. This initiative aims to create nearly 300 jobs and supports Siemens' goal to produce over 1 million EV chargers in the U.S. in the next four years, showcasing Siemens' commitment to American infrastructure development.

Siemens has introduced a new sustainable EV charging concept, the VersiCharge XL, designed for rapid installation and scalability. This industry-first solution significantly enhances EV infrastructure by leveraging modular design with low carbon materials from Nexii. The charging structure minimizes disruption to existing parking lots and is suitable for diverse environments. Siemens aims to produce 1 million EV chargers by 2025, contributing to the national EV network and supporting community climate goals, with $20 million funding allocated for Georgia this year.

Siemens eMobility announced the Ford Charge Station Pro, an innovative electric vehicle charger for the Ford F-150 Lightning, has received certification under the expanded UL 9741 standard. This charger, with a peak power of 19.2kW, is the first bidirectional-ready EV solution available at retail scale. The station enables Ford Intelligent Backup Power, allowing the F-150 Lightning to act as a power source during outages. Future firmware updates will enhance interaction with the grid, promoting sustainable and reliable home charging.

Siemens Government Technologies has been awarded a contract over $1.78M by the FDA to implement an Advanced Digital Design and Manufacturing line as part of the FDA’s Advanced Manufacturing and Supply Chain programs. This partnership aims to enhance product development, increase manufacturing capacity, and improve product quality in the Lifesciences sector. The initiative will leverage Siemens Digital Industries’ software, facilitating the evaluation and adoption of advanced manufacturing processes, ultimately reducing supply chain shortages and accelerating responses to public health challenges.

Siemens is committing to expand its U.S. manufacturing operations to support electric vehicle (EV) infrastructure, planning to produce over 1 million EV chargers in the next four years. This investment aligns with the $1 trillion bipartisan infrastructure bill and aims to create 100 jobs. Siemens will unveil a new facility for AC charger manufacturing in early 2022, complementing its existing operations in North Carolina. The company emphasizes enhancing U.S. infrastructure and job growth in electrification.