BAKU, Azerbaijan, Jan.11
By Leman Zeynalova – Trend:
In fiscal year 2021 (by September 2021), Siemens Energy reported research and development (R&D) expenses of €1,155 million, as compared to €985 million in the fiscal year 2020, Trend reports with reference to the company.
The resulting R&D intensity, defined as the ratio of R&D expenses and revenue, was 4.1 percent, as compared to 3.6 percent in the fiscal year 2020.
Additions to capitalized development expenses amounted to €188 million in fiscal year 2021 (2020: €191 million). As of September 30, 2021, Siemens Energy held approximately 18,300 granted patents worldwide in its continuing operations (2020: 16.600). In fiscal year 2021, Siemens Energy employed an average number of five thousand people working in the R&D area.
Siemens Energy steers the R&D activities along a clearly defined strategy.
“We anticipate a shift in R&D spending between Divisions and the type of projects pursued. We will develop the portfolio with a clear focus on decarbonized energy technologies, service and new growth fields. Therefore, we decided in November 2020 to exit from coal. Another key objective is to improve the leverage of our large service potential and the competitiveness of our current products on the basis of strict quality criteria. Furthermore, we will enhance our electrolyzer product line to grow revenues. We aim to explore new portfolio elements to tap into growth fields such as decarbonized energy and heat systems, energy storage systems and Power-to-X technologies,” said the company.
Siemens Energy notes that R&D efforts continue to focus especially on the development of new wind turbine models, software, and the optimization of the components’ performance that leads to the next generation of technology with improved and more cost-effective products, solutions, and services.
“In particular, SGRE is currently focused on the launch of its new wind turbine generation SG 5.X. and the new wind turbine SG 14 DD in Onshore and Offshore respectively. Especially within the Onshore activities, SGRE R&D team is devoting efforts to further support and strengthen SG 5.X. ramp-up and to make it efficient. Furthermore, SGRE R&D team is actively exploring diverse new market opportunities (e.g. integration of electrolyzer into offshore wind turbines to produce green hydrogen),” the company said.
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