Siemens Digital Grid Wins 2017 S&P Global Platts Global Energy Award

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Tuesday, December 19, 2017 10:05 am EST

Dateline:

Minnetonka, MN

Siemens Digital Grid was named the Grid Edge Award winner at the 2017 S&P Global Platts Global Energy Awards held in New York City on December 7th. Hosted by S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, the annual awards program honors organizations and individuals in the energy industry who are dedicated to achieving excellence.

Siemens was specifically recognized for its Digital Grid Integrated Distributed Energy Resources (DER) and Digitalization solutions, offerings that enable utilities to visualize, plan, manage, and economically optimize energy resources on the grid. With the explosive growth of DER such as rooftop solar PV, utilities in many parts of the world are contending with resulting operational challenges such as two-way power flows and large “phantom” loads that suddenly manifest due to renewable generation intermittency. To address these DER-related challenges, Siemens developed Integrated DER and Digitalization offerings such as integrated grid planning & simulation, distribution automation and grid control technologies, and market-driven applications that allow electric distribution utilities to intelligently plan, integrate, manage, and enable new business services. 

“We congratulate Siemens Digital Grid for its Grid Edge award win this year,” said Martin Fraenkel, president of S&P Global Platts. “The independent panel of judges was impressed with Siemens for its stand out performance in this awards category and for its commitment to the energy industry’s advancement.”

The Integrated DER and Digitalization solutions combine Siemens expertise and industry leadership in planning, automation, control solutions and managing grid edge devices. They are unique in their flexible, modular design and in Siemens’ approach to ensuring the solution deployment is aligned with a customer’s digital technology strategy. The modular nature of the solutions allows for easy integrate with existing utility systems. Their robust designs are well suited to the broad array of digital technology strategies available to utilities as they adapt to growing DER penetration, align their internal business functions, and gain value from emerging economic and consumer choice drivers.

“Distributed energy continues to drive increasing levels of grid complexity and risk for utilities as they strive to maintain stability and reliability. We recognize that this risk is significantly diminished if utility operators have visibility and control of these assets. Siemens Integrated DER and Digitalization solutions are the answer to these challenges.” said Mike Carlson, President of Siemens Digital Grid North America. “Our integrated and flexible solutions  are revolutionizing the utility space by bringing together traditionally siloed utility functions, easily managing DER complexity, and enabling prosumers to realize the greatest value of their energy assets through microgrids or aggregation.”

The program bestowed 20 awards upon companies and individuals before an audience of nearly 400 energy and finance executives at a black-tie ceremony at Cipriani Wall Street in lower Manhattan. For a second year, the event was hosted by CNBC Television Energy Correspondent Jackie DeAngelis. The winners were selected from approximately 140 finalists, including Blue Lake Rancheria’s microgrid project for Commercial Application of the Year, from a record 28 countries. 

For the full list of 2017 Global Energy Awards winners, including the judges’ rationale, visit the Global Energy Awards website. A full summary of the winners is available via Platts Insight Magazine, which includes sector-by-sector energy outlook analysis reports.

Siemens Digital Grid partners with leading utilities and industrial energy consumers worldwide to provide expertise and innovative technologies.Globally, Digital Grid has worked with more than 2,500 energy customers to deliver proven solutions and services that improve operational efficiencies, enhance reliability and resiliency, and empower consumers to better manage their energy use.

This press release is available at news.usa.siemens.biz.  

For further information on Siemens Integrated DER and Digitalization solutions, please see www.usa.siemens.com/digitalgrid.   

 

Contact for journalists

Annie Satow, Siemens

Phone: 202-316-0219; E-mail: annie.seiple@siemens.com

 

About S&P Global Platts

At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We’re the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping. S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for companies, governments and individuals to make decisions with confidence. For more information, visit http://spglobal.com/platts.

Siemens Corporation is a U.S. subsidiary of Siemens AG, a global powerhouse focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of systems for power generation and transmission as well as medical diagnosis. With approximately 351,000 employees in 190 countries, Siemens reported worldwide revenue of $88.1 billion in fiscal 2016. Siemens in the USA reported revenue of $23.7 billion, including $5.4 billion in exports, and employs approximately 50,000 people throughout all 50 states and Puerto Rico.