Renewables can create opportunities for power transmission solutions: Siemens
- December 9, 2021
Increasing quantum of renewable energy being fed into the grid can create business opportunities for power transmission solutions, noted Sunil Mathur, MD & CEO, Siemens Ltd. Mathur was speaking at an investor call discussing the company’s financial performance for the year ending September 30, 2021.
Mathur noted that India is moving from 95-100 GW of installed renewable energy capacity now towards its target of 450 GW by 2030. This growth in renewable energy will create instabilities in the grid and that will create further opportunities in power transmission for solutions like STATCOM, FACTS, etc, he said. This area will represent a market for digital power transmission solutions for Siemens, the MD & CEO of Siemens Ltd said.
Besides, as Mathur put it, digital solutions in the power transmission space can also have a “knock-on” impact on the power distribution networks. This will open up opportunities in Smart Grids as well as last mile connectivity in terms of decentralized distribution solutions.
Flexible AC Transmission Systems (FACTS) by Siemens represent a solution to ensure reliability and stability of the grid, especially to counter the effect of increasing decentralized renewable energy sources.
Integration of C&S on track
With respect to C&S Electric Ltd, a company that Siemens acquired this year, Sunil Mathur said that the integrated process was well on track. The C&S business, which was already growing pre-acquisition, continues to grow and is making inroads into new markets.
A large part of the growth of C&S Electric will come from exports, Mathur said. Siemens has opened up markets in Southeast Asia for C&S and deliveries have also started. In some cases, brand labeling (using the brand “Siemens”) has already started.
Sunil Mathur noted that Siemens was choosing the countries where Siemens wants to brand-label and the others where C&S could access directly. He also said that several of C&S low-voltage products could go directly into panels. “Overall, we are pretty happy with the way the integration is moving, particularly from a market and product development perspective,” Mathur remarked.
Also Read: Siemens records all-time high order backlog
(This story is based on an investor call held by Siemens Ltd on December 3, 2021, which was addressed by key Siemens Ltd officials, including Sunil Mathur, MD & CEO. The transcript of which was filed on stock exchanges. Featured photograph shows Siemens’ FACTS solution)
