New Jersey is home to Siemens Foundational Technology’s North American Headquarters and R&D hub and Smart Infrastructure’s Fire UL headquarters.
Headquarters for Foundational Siemens Technology, the company’s center for innovation and business excellence, employees in Princeton are leading the way in R&D, leveraging longtime partnerships and fostering collaborations with universities and government.
The campus is also a microgrid “living lab,” combining renewable energy with building and energy management solutions. It serves as the basis for research in energy resilience.
Siemens Financial Services provided a sustainability-linked loan (SLL) for Covanta, a New Jersey-based Waste-to-Energy company, that serves agricultural customers, among others. The SLL incorporated key performance indicators (KPIs) that incentivize a 2.5% growth in sustainable waste processed and a 25% increase in waste recycling and reuse between 2020 and 2025. By fulfilling specific KPIs from the loan, Covanta can divert more waste from landfills, significantly reduce emissions and support the development of a circular economy. Waste-to-Energy is far more sustainable than landfilling waste, reducing landfill volumes by 90%.
Parsippany, New Jersey is home to Siemens Smart Infrastructure Fire Safety UL’s headquarters. At 42,000+ square feet, the facility is a testament to the innovation and advanced technology that Siemens brings to the market. It features a customer demo room and state-of-the-art R&D and Tech Support labs.
Here, development and testing of software and hardware for Siemens UL fire products/systems takes place, including fire alarm systems, detectors, peripherals, suppression solutions and integration and connectivity platforms.