Siemens Energy to discontinue support to build coal-fired power plants
Technology firm Siemens Ltd on Tuesday said one of its businesses Siemens Energy will discontinue supporting development of coal-fired power plants.
“Siemens Energy will discontinue the support for the development of new coal-fired power plants but will continue to offer bridging technologies like gas-fired plants and components for efficient combined heat and power (CHP), waste heat and biomass co-firing projects as also continue its CO2-reducing service and solutions business,” the company said in a BSE filing.
These technologies, include sector coupling to drive the energy transition, and thus support the reduction of global warming, with Power-to-X solutions and green hydrogen as the main elements, the company said.
