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Siemens AG Industry Sector / Industry Automation Division Gleiwitzer Str. 555 90475 Nürnberg, Germany http://www.siemens.de/pc-based-automation
Contact Mr Alfons Benzinger +49 9131 187034
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Siemens AG Industry Sector / Industry Automation Division

Siemens to expand competence in solar business

Acquisition of stake in Italian solar thermal specialist Archimede Solar Energy (ASE)

(PresseBox) (Erlangen, )
Siemens Energy is to acquire a 28 percent 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 two technologies Siemens wants to enhance the efficiency of these plants and further reduce the production costs for solar power. The two companies did not disclose the purchase price of the shares.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.