Siemens to Supply Three More Super-Efficient Gas Turbines for U.S. Power Plant

Siemens to Supply Three More Super-Efficient Gas Turbines for U.S. Power Plant

Florida Power & Light Company customers expected to save more than USD 400 million over the new plant’s operational life due largely to efficiency improvements

ERLANGEN, Germany--(BUSINESS WIRE)-- Florida Power & Light Company (FPL) has contracted Siemens to supply three highly efficient and flexible H-Class gas turbines to modernize its Port Everglades Next Generation Clean Energy Center, scheduled to start commercial operation in 2016. Due to the high degree of efficiency of the latest Siemens turbine technology, FPL expects the modernized plant to generate power using approximately one-third less fuel per megawatt-hour than the existing facility. During its 30-year operational life, the new plant is expected to produce more than USD 400 million in net savings for FPL customers over and above the cost of construction.

The order follows a contract in 2010 for the supply of six H-Class gas turbines for the modernization of FPL´s Cape Canaveral and Riviera Beach Next Generation Clean Energy Centers, which will showcase the entry of the H-Class technology in the U.S. market – one of the world’s most important electricity markets. The first of these previously ordered H-Class gas turbines was already started successfully on November 21, 2012 at FPL’s Cape Canaveral Next Generation Clean Energy Center, which is scheduled to enter commercial operations in 2013. FPL’s Riviera Beach Next Generation Clean Energy Center is scheduled to enter commercial operation in 2014.

The H-Class gas turbine made power plant history in May 2011 when it achieved world-record efficiency of 60.75 percent at a combined-cycle power plant in Irsching, Germany. Since its initial startup, this new machine has run extremely successfully for more than 18,000 operating hours. With the order for FPL’s Port Everglades Next Generation Clean Energy Center, the total number of record-breaking H-Class turbines sold worldwide has now increased to 20. “Our turbine technology is the perfect fit for a reliable, clean and affordable energy supply. As the market leader for advanced gas turbines, we are proud to support FPL in contributing to clean power generation in Florida,” said Michael Suess, CEO of Siemens Energy.

The market for gas-fired power plants in the United States is expected to virtually triple from 7 gigawatts today to about 22 gigawatts in 2020. “With the right technology and with our local manufacturing capabilities, we are in the starting blocks for the anticipated growth in the United States gas market,” said Suess.

FPL, a subsidiary of U.S.-based NextEra Energy, Inc., serves the third most customers of any American electric utility, with approximately 4.6 million accounts, and is known for its reliable service, clean emissions profile and low rates.

Advanced gas turbines are part of Siemens’ Environmental Portfolio. In fiscal 2011, revenue from the Portfolio totaled about €30 billion, making Siemens one of the world’s largest suppliers of ecofriendly technologies. In the same period, our products and solutions enabled customers to reduce their carbon dioxide (CO2) emissions by nearly 320 million tons, an amount equal to the total annual CO2 emissions of Berlin, Delhi, Hong Kong, Istanbul, London, New York, Singapore and Tokyo.

The Siemens Energy Sector is the world’s leading supplier of a broad spectrum of products, services and solutions for power generation in thermal power plants and using renewables, power transmission in grids and for the extraction, processing and transport of oil and gas. In fiscal 2012 (ended September 30), the Energy Sector had revenues of EUR27.5 billion and received new orders totaling approximately EUR26.9 billion and posted a profit of EUR2.2 billion. On September 30, 2012, the Energy Sector had a work force of almost 86,000. Further information is available at: www.siemens.com/energy.



Media Relations:
Siemens AG
Energy Sector – Fossil Power Generation Division
Christian Stuart Wilson, +49 9131 18-4974
christian_stuart.wilson@siemens.com

KEYWORDS:   United States  Europe  North America  Florida  Germany

INDUSTRY KEYWORDS:

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2156754, ~/Articles/ArticleHandler.aspx, 9/2/2014 1:48:38 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...