Our innovative technologies generate more electricity from less fuel. We boost the efficiency of coal- and gas-based power generation and supply technologies for low-carbon fossil power generation.
As energy consumption climbs in the years to come, efficient power generation will be a vital component of reliable and ecofriendly energy systems. Boosting the efficiency of fossil-fueled power plants will substantially improve the global CO2 balance. We’re currently building the world’s first combined-cycle power plant with an efficiency rating of over 60 percent – a world record. Our advanced technologies are also enabling us to set new standards in coal-fired power generation. Operating under supercritical steam conditions of at least 285 bar and around 600° Celsius, our steam power plants achieve efficiency ratings of up to 46 percent. To minimize CO2 emissions, we supply coal gasifier technology and products and components for flue gas cleaning – all the key components for low-carbon power plants with CO2 capture and storage.
Our broad spectrum of products, systems and solutions has given us a leading position in power plant technologies worldwide. Customers are profiting from our innovative components for high-efficiency combined-cycle power plants, coal-fired plants, gas and steam turbines, generators and process control engineering. We’re a world market leader in power plant instrumentation and control systems. We also offer products for low-carbon power generation. Equity investments and joint ventures in key regional markets such as China and Russia round out our portfolio.
The global market for power plant technologies is expanding. By the year 2030, annual electricity consumption worldwide is expected to rise from today’s level of 20,000 billion to 37,000 billion kilowatt hours. Due to their secured capacity, fossil fuels will remain the largest contributor to the energy mix in the decades to come. Consequently, it will be particularly important to increase the efficiency of conventional power plants while further developing carbon capture and storage technologies.