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Siemens Energy partners with UCF, invests $5 million in energy research and workforce development

Oct 28, 2024•9 months ago

Contract Type

partnership

Munich

Description

Siemens Energy has joined as the latest Pegasus Partnership of the University of Central Florida, contributing at least $5 million to support energy research and prepare students for careers in the industry. The partnership aims to address the challenges of driving the energy transition through essential research and workforce training.

Company Information

Company

Siemens Energy

Location

Munich, Bavaria, Germany

About

Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. A majority stake in the wind power subsidiary Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs 93,000 people worldwide in more than 90 countries and generated revenue of around €29 billion in fiscal year 2022. Siemens Energy is a trademark licensed by Siemens AG

Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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