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\u2022 Siemens finalizes investment and framework agreements with BECIS<\/strong> Combining its financial expertise with intelligent energy solutions and services, Siemens has entered investment and framework agreements with Berkeley Energy Commercial Industrial Solutions (BECIS). Together, they will provide customers <\/span>access to distributed energy solutions via a flexible \u2018Energy as a Service\u2019 (EaaS) <\/span>model, allowing customers in the Asia Pacific market to pay for energy\u00a0<\/span>services without the <\/span>need for any capital investment. This will address customers\u2019 <\/span>energy cost and sustainability challenges.<\/span><\/p>\n Under the agreements, Siemens\u2019 financing arm \u2013 <\/span>Siemens Financial Services (SFS) <\/span>\u2013 <\/span>becomes a major shareholder in BECIS. At the same time, Siemens Smart Infrastructure (SI) will contribute technical expertise from its existing footprint in energy and performance services (EPS) projects to BECIS, complementing the <\/span>latter\u2019s experience in distributed energy generation solutions. BECIS will act as the <\/span>investor, developer and operating partner, holding the assets on the balance sheet, while SI will be the technology provider. <\/span><\/p>\n EaaS is a business model that allows customers to partner with a solutions provider such as BECIS and pay for an energy service over time, without the need for any upfront capital investment. The long-term asset ownership resides with the solutions provider in this business model, in addition to the responsibility of deploying, constructing, operating and maintaining the assets. This offers the ability for end-to-<\/span>end management of a customer\u2019s energy infrastructure, typically utilizing a variety of <\/span>elements, including renewable energy resources, waste heat recovery, storage systems, energy metering and beyond.<\/span><\/p>\n <\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n \u201cEnergy systems are chang<\/span>ing along with the business models that underpin them. We want to accelerate more sustainable and distributed systems. Together with BECIS, we can support our customers with cutting-edge technology and flexible <\/span>financing solutions,\u201d said Cedrik Neike, mana<\/span>ging board member of Siemens AG <\/span>and CEO of Siemens Smart Infrastructure. \u201cWe\u2019re creating a solution that mitigates risks, reduces operating costs, while driving adoption of sustainable energy options.\u201d <\/span><\/p>\n Headquartered in Singapore, BECIS provides distributed energy solutions to commercial and industrial customers globally with a substantive footprint within the Asian market. It currently operates a large portfolio of distributed energy solutions assets across countries such as India, Indonesia and Thailand with teams to serve customers based in Delhi, Pune, Bangkok and Surabaya. The partnership with <\/span>Siemens will support further growth in BECIS\u2019s current markets as well as <\/span>immediate expansion into other markets in the region, such as the Philippines, Vietnam, China and Malaysia. <\/span><\/p>\n \u201cBECIS has been successfully supporting customers\u2019 energy transition by offering <\/span>distributed energy solutions. Together with Siemens we will be able to significantly expand our integrated solution offerings including renewable energy, combined heat and power, storage systems, hybrid solutions and energy management solutions to better support our customers to meet their key energy challenges of reducing costs, improving security of supply and enhancing their sustainability credentials<\/span>,\u201d <\/span>said TC Kundi, CEO of Berkeley Energy and Chairman of the Board of BECIS. <\/span><\/p>\n The agreements will also see the formation of a \u2018Solutions Forum\u2019 where SI and <\/span>BECIS convene to explore business opportunities and technology to drive forward distributed energy solutions, energy optimization and EaaS. <\/span><\/p>\n<\/div>\n<\/div>\n <\/p>\n<\/div>\n<\/div>\n<\/div>\n This press release and a press picture is available at <\/span>https:\/\/sie.ag\/2ZN3lso <\/span><\/a>For more information on Siemens Smart Infrastructure, see\u00a0www.siemens.com\/smart-infrastructure<\/a><\/span> For more information on BECIS, click here: <\/span>www.be-cis.com <\/span><\/a><\/p>\n Contact for journalists: <\/strong><\/p>\n Tamara Hamdan Anthony Allard Follow us on Twitter: Siemens AG <\/strong>(Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. Through the separately managed companies Siemens Energy, the global energy business of Siemens<\/span>, <\/span>and Siemens Mobility, a leading supplier of smart mobility solutions for rail and road transport, Siemens is shaping the energy systems of today and tomorrow as well as the world market for passenger and freight services. Due to its majority stakes in the publicly listed companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy (as part of Siemens Energy), Siemens is also a world- leading supplier of medical technology and digital healthcare services as well as environmentally friendly solutions for onshore and offshore wind power generation. In fiscal 2019, which ended on September 30, 2019, Siemens <\/span>generated revenue of \u20ac86.8 billion and net income of \u20ac5.6 billion. At the end of September 2019, the company had <\/span>around 385,000 employees worldwide. Further information is available on the Internet <\/span>www.siemens.com<\/span><\/a>. <\/span><\/p>\n Siemens Smart Infrastructure (SI) <\/strong>is shaping the market for intelligent, adaptive infrastructure for today and the future. It addresses the pressing challenges of urbanization and climate change by connecting energy systems, buildings and industries. SI provides customers with a comprehensive end-to-end portfolio from a single source <\/span>\u2013 <\/span>with products, systems, solutions and services from the point of power generation all the way to consumption. With an increasingly digitalized ecosystem, it helps customers thrive and communities progress while contributing toward protecting the planet. SI creates environments that care. Siemens Smart Infrastructure has its global headquarters in Zug, Switzerland, and has around 72,000 employees worldwide.<\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n
\u2022 Investment makes Siemens a major shareholder in BECIS<\/strong>
\u2022 Partnership enables customers to redirect capital funding to core business<\/strong>
\u2022 Innovative funding solutions for distributed energy solutions and services <\/strong><\/p>\n
<\/span>For more information on Siemens Financial Services, click here: <\/span>www.siemens.com\/finance <\/span><\/a><\/p>\n
Tel: +41 7939 53208
e-mail: <\/span>tamara.hamdan@siemens.com <\/span><\/a><\/p>\n
Tel: +65 9297 3523
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