Siemens Energy is to acquire a 28 percent stake in the Italian solar company Archimede Solar Energy S.p.A. and thus expand its competencies for solar thermal power plants. ASE is the sole producer of solar receivers operating with molten salt as the heat transfer fluid. Siemens is market leader in steam turbine-generators for solar thermal power plants. By combining these two technologies Siemens wants to enhance the efficiency of these plants and further reduce the production costs for solar power. The two companies did not disclose the purchase price of the shares.
"By acquiring a stake in Archimede Solar Energy
"By acquiring a stake in Archimede Solar Energy
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