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Released May 30, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Siemens (Munich, Germany) is the latest energy titan to embrace the U.S. power market in the wake of last year's Inflation Reduction Act (IRA). The company estimates U.S. power grids will require roughly $2 trillion in investments by 2050 to integrate renewable, hydrogen and other emerging technologies, and it is looking into establishing a domestic presence to address these growing needs. Industrial Info is tracking nearly $50 billion worth of active or proposed projects in the U.S. Power Industry that have signed, or are considering, Siemens as a service provider; more than $20 billion is attributed to projects with a medium-to-high (70% or more) likelihood of beginning construction as planned.
Click on the image at right for a graph detailing active or proposed U.S. Power Industry projects with Siemens contracted or considered for services, by fuel type.
Siemens already is heavily involved in one of the most ambitious renewable-energy projects under construction in the Western U.S.: The Anschutz Corporation's (Denver, Colorado) TransWest Express Transmission Project, a bi-directional, 732-mile transmission line that will carry 3 gigawatts (GW) of energy from Anschutz' Chokecherry and Sierra Madre Wind Energy Project in southcentral Wyoming to California and other states in the U.S. Southwest. Anschutz selected Siemens to supply the high-voltage direct-current (HVDC) technology for the power lines and the turbines for the windfarm.
The U.S. Bureau of Land Management (BLM) greenlighted the TransWest Express in April, about a year after construction on the 1,500-megawatt (MW) Chokecherry Windfarm kicked off. The 1,500-MW Sierra Madre Windfarm is expected to begin construction in June; each windfarm features 500 turbines, with each turbine at 3-MW capacity. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here to see a full list of reports on the TransWest project, and read detailed reports on the Chokecherry and Sierra Madre windfarms.
For more information on TransWest Express, including its multiple segments and states served, see April 13, 2023, article - BLM Approves Construction of TransWest Express Transmission Project.
Siemens Gamesa (Zamudio, Spain), the subsidiary that crafts the conglomerate's wind turbines, has had a rocky past year as soaring costs for equipment and components have depleted much of its profits. Nonetheless, Siemens Gamesa is eagerly promoting a new, high-capacity turbine, the SG 4.4-164, which it says "meets the unique requirements of U.S. [onshore] wind sites."
Among the projects on which Siemens is serving as general contractor is MidAmerican Energy Company's (Des Moines, Iowa) $100 million repowering of its Eclipse Windfarm in Adair, Iowa, which involves replacing 87 aging turbines with Siemens' 2.3-108 model, for a total output of more than 200 MW. MidAmerican is a subsidiary of Berkshire Hathaway Incorporated (NYSE:BRK.A) (Omaha, Nebraska). Subscribers can learn more from Industrial Info's detailed project report.
One component of the IRA that has attracted considerable attention is the Hydrogen Production Tax Credit, which provides a 10-year federal tax credit of up to $3 per kilogram of clean hydrogen produced from facilities that begin construction before 2033. Christian Bruch, the chief executive officer of Siemens Energy AG, told Reuters that "the U.S. is now driving commercial projects in hydrogen that really fly for the first time."
Last year, the Northern California Power Agency (Roseville, California) proposed construction of a pilot plant for hydrogen power in Lodi, California, about 30 miles south of Sacramento. The study-and-demonstration facility would burn a mix of hydrogen and natural gas, using combustion and steam turbines provided by Siemens. The blended product would be used at the nearby Lodi Energy Center, which currently is a 225-MW, gas-fired, combined-cycle (NGCC) plant. Subscribers can learn more from Industrial Info's detailed project report.
Site preparation began earlier this year for one of the most widely anticipated U.S. projects to use Siemens' services: Clean Energy Future LLC's (Manchester, Massachusetts) $1.2 billion Trumbull Energy Center in Lordstown, Ohio. The NGCC plant is expected to generate 950 MW from two combustion turbines and a steam turbine, all provided by Siemens. After years of setbacks, developers obtained $1.2 billion in financing in November. Two South Korean firms, Korea Southern Power Company Limited (KOSPO) and Korea Overseas Infrastructure and Urban Development Corporation (KIND), are majority owners. Subscribers can learn more from Industrial Info's project report.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active or proposed projects in the U.S. Power Industry that have signed, or are considering, Siemens as a service provider.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing active or proposed U.S. Power Industry projects with Siemens contracted or considered for services, by fuel type.Siemens already is heavily involved in one of the most ambitious renewable-energy projects under construction in the Western U.S.: The Anschutz Corporation's (Denver, Colorado) TransWest Express Transmission Project, a bi-directional, 732-mile transmission line that will carry 3 gigawatts (GW) of energy from Anschutz' Chokecherry and Sierra Madre Wind Energy Project in southcentral Wyoming to California and other states in the U.S. Southwest. Anschutz selected Siemens to supply the high-voltage direct-current (HVDC) technology for the power lines and the turbines for the windfarm.
The U.S. Bureau of Land Management (BLM) greenlighted the TransWest Express in April, about a year after construction on the 1,500-megawatt (MW) Chokecherry Windfarm kicked off. The 1,500-MW Sierra Madre Windfarm is expected to begin construction in June; each windfarm features 500 turbines, with each turbine at 3-MW capacity. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here to see a full list of reports on the TransWest project, and read detailed reports on the Chokecherry and Sierra Madre windfarms.
For more information on TransWest Express, including its multiple segments and states served, see April 13, 2023, article - BLM Approves Construction of TransWest Express Transmission Project.
Siemens Gamesa (Zamudio, Spain), the subsidiary that crafts the conglomerate's wind turbines, has had a rocky past year as soaring costs for equipment and components have depleted much of its profits. Nonetheless, Siemens Gamesa is eagerly promoting a new, high-capacity turbine, the SG 4.4-164, which it says "meets the unique requirements of U.S. [onshore] wind sites."
Among the projects on which Siemens is serving as general contractor is MidAmerican Energy Company's (Des Moines, Iowa) $100 million repowering of its Eclipse Windfarm in Adair, Iowa, which involves replacing 87 aging turbines with Siemens' 2.3-108 model, for a total output of more than 200 MW. MidAmerican is a subsidiary of Berkshire Hathaway Incorporated (NYSE:BRK.A) (Omaha, Nebraska). Subscribers can learn more from Industrial Info's detailed project report.
One component of the IRA that has attracted considerable attention is the Hydrogen Production Tax Credit, which provides a 10-year federal tax credit of up to $3 per kilogram of clean hydrogen produced from facilities that begin construction before 2033. Christian Bruch, the chief executive officer of Siemens Energy AG, told Reuters that "the U.S. is now driving commercial projects in hydrogen that really fly for the first time."
Last year, the Northern California Power Agency (Roseville, California) proposed construction of a pilot plant for hydrogen power in Lodi, California, about 30 miles south of Sacramento. The study-and-demonstration facility would burn a mix of hydrogen and natural gas, using combustion and steam turbines provided by Siemens. The blended product would be used at the nearby Lodi Energy Center, which currently is a 225-MW, gas-fired, combined-cycle (NGCC) plant. Subscribers can learn more from Industrial Info's detailed project report.
Site preparation began earlier this year for one of the most widely anticipated U.S. projects to use Siemens' services: Clean Energy Future LLC's (Manchester, Massachusetts) $1.2 billion Trumbull Energy Center in Lordstown, Ohio. The NGCC plant is expected to generate 950 MW from two combustion turbines and a steam turbine, all provided by Siemens. After years of setbacks, developers obtained $1.2 billion in financing in November. Two South Korean firms, Korea Southern Power Company Limited (KOSPO) and Korea Overseas Infrastructure and Urban Development Corporation (KIND), are majority owners. Subscribers can learn more from Industrial Info's project report.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active or proposed projects in the U.S. Power Industry that have signed, or are considering, Siemens as a service provider.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
