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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Siemens Energy AG | TG:ENR | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.47 | 2.44% | 19.72 | 19.68 | 19.76 | 19.88 | 19.205 | 19.65 | 529,848 | 22:50:05 |
From May 2019 to May 2024
By Giulia Petroni
Siemens Energy AG said Friday that it has signed an agreement with TC Energy Corp. to build a waste heat-to-power facility in Alberta, Canada.
The German energy company said the facility is meant to capture waste heat from a gas-fired turbine operating at a pipeline compression station and convert it into emissions-free power. The electricity produced will be put back in the grid, allowing to cut an estimated 44,000 tons of greenhouse gas per year.
As part of the deal, Siemens Energy will own and operate the facility, with the option to transfer it back to TC Energy at a later date.
The facility is set to be commissioned at the end of 2022, according to the company.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
February 12, 2021 11:10 ET (16:10 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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