Siemens Energy has announced that it will acquire a 28% stake in the Italian solar company Archimede Solar Energy and thus expand its competencies for solar thermal power plants.
According to Siemens, Archimede Solar Energy (ASE) is a producer of solar receivers operating with molten salt as the heat transfer fluid. Siemens is involved in the development of steam turbine-generators for solar thermal power plants.
Siemens said that by combining these two technologies, it 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.
Rene Umlauft, CEO of the Siemens’s renewable energy division, said: “By acquiring a stake in ASE Siemens is underlining its intention to become the leading provider of services for solar thermal power plants.
“In the upcoming years the market for solar thermal power plants will grow at a good pace and the interest of our traditional customers in the energy sector in this promising future-oriented technology will increase.”
Siemens Energy is engaged in products and services for the generation, transmission and distribution of power and for the extraction, conversion and transport of oil and gas.
