Today, Siemens is a leader in the renewable energy sector. Siemens is at the forefront of developing new solar, wind, and geothermal projects around the world. Siemens currently owns 7% of the world wind power market, trailing Vestas with 19% and GE Energy with 18%. Siemens has recently announced plans to focus on wind energy projects in the U.S. to further their share of the global wind power market. The U.S. is a growing new market that Siemens views as a great market to invest in. In the Solar sector, Siemens is partnered with Desertec, a large solar project planned for the Sahara desert, which could provide up to 100 GW of energy capacity for Europe and North Africa by 2050.
Siemens was originally founded in 1846 by Werner Siemens and J.G. Halske, manufacturing and installing telegraph systems. Siemens himself owned a patent for electroplating, which was important to the success of Siemens and Halske in the early years, as the telegraph exploded in the late 19th century. Below are some important dates in the history of Siemens:
1853: Construction of an expensive telegraph system in Russia, leading to expansion by opening a St. Petersburg, Russia location.
1857: Construction of the first successful deep ocean telegraph line, making the London office independent under the direction of Wilhelm Siemens.
1875: Within the previous 5 years, Siemens had been successful in linked London to Calcutta with an 11,000 kilometer telegraph line, linking London to Teheran by telegraph line, and lay the first transatlantic direct cable from Ireland to the United States.
1895: The X-ray discovered, and the following year Siemens & Halske owned the very first patent for an X-ray tube.
1909: Developed an automatic telephone exchange serving 2,500 customers in Munich, Germany.
1915: Taken over by the British Government, sold to British interest the following year
1910-1916: Had been active in developing weapons for the war. Developed a fire control system, a system that allowed German naval ships at the battle of Jutland to have superior firing ability over the British fleet of ships.
1923: Set up 'Fusi Denk', a Tokyo, Japan subsidiary, to stay ahead of other companies in the growing Japanese industrial market.
Early 1930s: Forced by the Great Depression to halve its work-force, but still stayed afloat.
1935: Experienced a resurgence thanks to Nazi Germany's rearmament. Siemens & Halske developed the auto pilot system, a huge technical contribution.
1944: Siemens & Halske helped develop the V 2 rocket.
1945: The Russian Army captured the German Siemens headquarters and dismantled it. Also, American troops captured Hermann Von Siemens and placed him in an internment camp for 2 years. Allegations surfaced that Siemens had used slave labor during war times.
Early 1950s: Siemens & Halske had recovered and was producing railroad, medical, telephone, and power generating equipment.
1954: Opened its New York, New York subsidiary office, and the first product it sold was the electron microscope.
1955: Introduced first main frame computer.
1959: Siemens & Halske's first nuclear reactor at Munich Garching went into operation.
1965: Developed a part of a the transmitter that was in the Mariner IV space probe that went to Mars. Also, its 03 high-speed passenger rail train went into operation with the German Federal Railway.
1972: Was the major supplier of telecommunications at the Munich Summer Olympic Games.
1978: Siemens was now considered the #2 worldwide supplier of electrical manufacturing to G.E.
1981: Bernhard Plettner took over as CEO. This was the first time someone outside the Siemens family was in control.
1992: Joined with IBM and Toshiba to develop microchips for supercomputers.
1996: The Asian economic crisis took its toll on Siemens, diminishing profits by 2/3rds from 1996 to 1998.
2001: Siemens makes its first listing on the NYSE. Published its first annual report, taking from American transparency.
Siemens has recently expanded into the Russian energy market through two new partnerships in power grid modernization and natural gas. The partnership with the Federal Grid Company in Russia involves modernizing the grid in Russia utilizing smart grid technologies. The 118,000 kilometer long grid in Russia will be modernized as Siemens also produces electro technical in Russia and constructs it onto the existing grid. Siemens Energy, the energy conglomerate of Siemens, will be involved in manfacturing gas pipeline compressors in Perm, Russia.
The project is expected to create over 250 new jobs in Perm, and the first gas pipeline compressors will be delivered to Gazprom, the world's largest extractor of natural gas, by 2011. This is part of Siemens' ongoing ventures into new renewable energy markets. Siemens continues to expand and grow into a world leader in renewable energy technologies. You can follow all new press releases from Siemens on the web.