– Siemens Energy secures a €1.4bn contract from Energinet to enhance Denmark’s electricity infrastructure.
– Siemens Energy will deliver transformers and switchgears for around 50 new or upgraded high-voltage substations over the next eight years.
– The project is integral to Denmark’s energy transition strategy to achieve net-zero emissions by 2045 and increase renewable energy production by 2030.
Siemens Energy has secured a €1.4bn contract from Energinet, the Danish grid operator, to enhance the country’s electricity infrastructure by delivering transformers and switchgears for high-voltage substations. This project is essential for Denmark’s energy transition strategy, aiming to achieve net-zero emissions by 2045 and increase renewable energy production by 2030. The investment in expanding and decarbonizing the electricity grid will support the future electrification needs of Danish society.
The power transformers provided by Siemens Energy will facilitate long-distance transmission of renewable electricity, supporting the integration of wind and solar power sources into the electricity mix. This is crucial as renewable energy generation often occurs at a distance from consumption points, requiring efficient high-voltage transportation to minimize energy loss. Siemens Energy’s transformers play a vital role in converting voltages for end-user consumption, especially in the context of the increasing demand for electricity.
In February this year, Siemens Energy announced plans to produce transformers in the US by 2025 to meet rising electricity demand. The company will invest $150m to expand its power manufacturing facility in Charlotte, North Carolina, and establish its first transformer production facility there. This strategic move aligns with the growing need for efficient power infrastructure globally and demonstrates Siemens Energy’s commitment to supporting the energy transition.