Siemens Expects Euro 40 billion in Green Revenue by 2014

November 10, 2010 / No Comments

By year 2014, Europe’s largest conglomerate, Siemens A.G. anticipates that its green technology activities would have generated revenues close to 40 billion euros ($55.83 billion). The company has declared that its 2010 fiscal year saw revenue generation from it environmental portfolio touching 28 billion euros, a figure that already outstrips the target that the company had set for 2011, which was 25 billion euros. The company anticipates that orders for smart grid systems and key components will reach a figure of around 6 billion euros by the end of 2014.

siemens Siemens Expects Euro 40 billion in Green Revenue by 2014

Sources at Siemens, which is reportedly the largest environmental technology supplier in the world, have stated that green innovations are the lifeblood of the company. They also reaffirm their commitment to increasing the advantage they presently hold over key competitors.

Some of the products that Siemens provide that are in high demand are combined-cycle power plants, wind farms, retrofitting of existing power plants, energy efficient lighting systems and eco-friendly trains. Other popular products in their green product portfolio include energy-saving lamps and building technologies.

The company has been careful to branch out into all areas of environmental products and have an appealing range in the energy systems and components sphere as well, which include ground and roof based photovoltaic panels, biomass plants and wind and steam turbines for solar power.

Siemens has also been focusing on selling smaller products like energy saving motors and solar inverters and high efficiency transformers.

The company says that the products that it has sold would have by now helped to reduce CO2 emissions by 270 million tons.

(Via EcoSeed)