Highly efficient products, systems and solutions for power generation based on fossil fuels comprise our core business. Our portfolio ranges from turnkey power plants and their key components – such as gas and steam turbines, generators and instrumentation and control systems – to fuel gasifiers.
Michael Süß, CEO
Efficient, reliable, climate-friendly power generation is vital for continued global economic development, and demand is soaring around the world. By the year 2030, annual electricity consumption worldwide is expected to have nearly doubled, from today’s level of 20,000 billion kilowatt-hours. With our innovative technologies and products, we’re pushing the limits of power plant efficiency and helping strike a viable balance between climate protection, supply security and cost-efficiency in power generation. We’re currently testing the world’s most powerful gas turbine, which will achieve an efficiency of over 60 percent in combined cycle operation. Compared to today’s combined cycle plants, which have an efficiency of 58 percent, these groundbreaking turbines consume substantially less fuel, cutting CO2 emissions by 20,000 tons a year. What’s more, our flexible high-efficiency combined cycle plants support the integration of renewables in the energy mix; with their quick response times, they can compensate for fluctuations in electricity supplies from renewable sources such as wind power.
Our offerings encompass virtually the entire range of state-of-the-art power plant technologies for fossil fuels – including key components such as gas and steam turbines, generators and instrumentation and control systems for high-efficiency combined cycle and coal-fired power plants. With our coal gasifier technology and our products and components for carbon capture in flue gas, we provide all essential components for low-CO2 power plants with underground CO2 storage. We operate in the most important regional markets through equity investments and joint ventures, including Shanghai Electric Corporation in the Chinese power plant market and Power Machines, Russia’s leading power plant supplier. We’re also active in the nuclear power plant sector with our stake in AREVA NP.
Today, we’re one of the world’s leading energy technology providers. With our global organization, our unmatched power of innovation and our extensive portfolio of products and solutions, we’re ideally positioned to serve the dynamically growing fossil power market.
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