Carbon Capture & Storage Siemens solutions for the emerging market.
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1 Carbon Capture & Storage Siemens solutions for the emerging market. Dr. Hermann Kremer Director Business Development CCS Siemens Energy Sector Page 1 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
2 CCS: Siemens solutions for the emerging market Market & Investment Environment Innovative Power Generation Technologies CO 2 -capture technologies (overview) IGCC with Pre-Combustion Capture Post-Combustion Capture Capture-Ready / Retrofit solutions for SPP CO 2 Transportation and Storage Page 2 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
3 CCS: Siemens solutions for the emerging market Market & Investment Environment Innovative Power Generation Technologies CO 2 -capture technologies (overview) IGCC with Pre-Combustion Capture Post-Combustion Capture Capture-Ready / Retrofit solutions for SPP CO 2 Transportation and Storage Page 3 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
4 Renewables are gaining in importance but fossil fuels will continue to be the mainstay Power Generation (in 1000 TWh¹) Geothermal Geothermal Wind Renewables (excl. hydro) in 2008: 600 TWh (3% of total) 13% 28% Solar 2% 47% Biomass 2.6 % p.a TWh 3% 15% 13% 22% 5% 42% Fossil fuels 68% 60% TWh Renewables 14% Hydro 13% Nuclear 13% Gas 21% Oil 3% Coal 36% Renewables (excl. hydro) in 2030: TWh (14% of total) 3% Solar 28% Others 1% Biomass 19% Wind 49% Quelle: Siemens Energy Sector, GS4 base case ¹ Terawatt-hours Page 4 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
5 Energy efficiency and Carbon Capture & Sequestration (CCS) are key Solutions to Reaching Emission Reductions Targets IEA* reference scenario Energy efficiency Renewables growth EU emissions, Gt CO 2 /year, Other IEA* alternative policy scenario CCS potential IEA* alterntive policy Scenario incl. CCS Source:ZEP General Assembly, November 10, 2008, Brussels It is globally accepted by now that CCS is indispensable for reaching global carbon emissions reduction targets. Page 5 CCS presentation April 2009 Copyright Siemens AG All rights reserved *IEA = International Energy Agency CCS contribution already crucial in 2030, in Europe approx. 100 power plants with CCS!
6 CCS: Siemens solutions for the emerging market Market & Investment Environment Innovative Power Generation Technologies CO 2 -capture technologies (overview) IGCC with Pre-Combustion Capture Post-Combustion Capture Capture-Ready / Retrofit solutions for SPP CO 2 Transportation and Storage Page 6 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
7 Contribution of Steam Power Plant development towards environmental compliance % STPP efficiency % STPP efficiency % STPP efficiency 2015 >50 % STPP efficiency STPP Bergkamen designed for 747 MW STPP Isogo 1 designed for 600 MW Reference STPP NRW designed for 600 MW STPP 50plus (E.ON) designed for 500 MW Reduction of CO 2 emissions Basis % % % Increasing efficiency is the key driver to more environmental friendly STPPs, suppliers and generators need to strive for. Page 7 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
8 Siemens Combined Cycle: Efficiency Evolution SGT5-2000E SGT5-4000F SGT5-4000F SGT5-8000H 52 % CC efficiency 56 % CC efficiency 58 % CC efficiency 60% CC efficiency CCPP Killinghome CCPP Didcot CCPP Mainz- Wiesbaden CCPP Irsching 4, 530 MW Basis Reduction of CO 2 Emission t/a CO 2 Emission (scaled to 530MW) t/a CO t/a CO 2 Page 8 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
9 CCS: Siemens solutions for the emerging market Market & Investment Environment Innovative Power Generation Technologies CO 2 -capture technologies (overview) IGCC with Pre-Combustion Capture Post-Combustion Capture Capture-Ready / Retrofit solutions for SPP CO 2 Transportation and Storage Page 9 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
10 Three technology pathways ready for implementation in CCS demonstration projects CO 2 Capture before Combustion (Pre-combustion) Fuel O 2 Gasification Syngas cleaning CO shift CO 2 capture CO 2 Capture after Combustion (Post-combustion) Conventional PP with CO 2 scrubbing Combined Cycle with H 2 turbine CO 2 Rel. Flue-Gas- Volume 1 CO 2 - Concent. [vol-%] 40 Coal Air Conventional SPP Flue gas cleaning CO 2 capture CO Integrated CO 2 Capture (Indirect Oxyfuel) ST Cycle G Indirect Oxyfuel (Working medium steam, conventional) Coal O 2 Combustion (steam generator) CO 2 / H 2 O recycling Flue gas cleaning Condensation CO Conventional Research needs In addition many new ideas.but need more time, not available before Page 10 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
11 Carbon Capture Development Rankings Status of Pilot-, Demonstration Projects (<100 MW in scale) Progress Toward Operation Oxyfuel IGCC with Pre-Combustion Capture Post-Combustion Capture Aberthaw (RWE) Demonstration Maasvlakte (E. ON) Puertollano (Elcogas) Buggenum (Nuon) Jamestown (Praxair) Karsto (Naturkraft) Phase II Munmorah (Delta) ZEP 1 (CES) Eagle (Jpower) Eemshaven (RWE) ZeroGen Brinidisi Pilot (Enel) James De Young (Praxair) Planning & Development Stages Karlsham (E. ON) Hazelwood (CO2CRC) We Energies Munmorah Phase I (Delta) Huaneng Beijing Co (China Huaneng) R.E. Burger (First Energy) Mikawa (Toshiba) Värtan (Fortum) GreenGen Phase I Maasvlakte (E. ON) Mountaineer (AEP) El Bierzo Demo (Endesa) Lacq (Total) Schwarze Pumpe (Vattenfall) Tarong Energy Station (Tarong) Loy Yang (EESTech) Callide (CS Energy) Mongstad Phase I (StatoilHydro) Orville (Jupiter Oxygen) Niederaussem (RWE) Brinidisi (Enel) Staudinger (E.ON / Siemens) Germany (E. ON / Mitsubishi) Source: EER Report Carbon Capture Power Plant Development Rankings, March CCS projects are globally in development stage, Post-Combustion preferred solution for retrofits. Page 11 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
12 CO 2 Scrubbing proven technology, but Post-combustion capture need new or modified solvents and processes CO 2 Scrubbing in the Processing Industries CO 2 Absorption/Desorption is proven technology in the chemical processing and in the oil & gas industries Licensed technology is integrated in the chemical production processes The climate change/carbon capture discussion has initiated a word wide technology development push Physical Absorption high partial pressure of CO2 Chemical Absorption integrated in chemical plant lower partial pressure of CO2 For Pre-combustion carbon capture in IGCC proven gas treatment processes are available For Post-combustion carbon capture new or modified solvents and processes are needed Page 12 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
13 Siemens preferred solutions for CO 2 capture IGCC / Pre-combustion carbon capture Gasification technology with multi-fuel capability for new power plants Technology ready for implementation Alternative route for chemical / fuel production, hydrogen economy Mastering higher technological and contractual complexity with Siemens phased project execution offer. Post-combustion carbon capture Scalable market introduction, Demoplants with slipstreams, minimize upgrade risk in process trains Enhancement potential for solvents, scrubbing process and for integration into the power plants For retrofit and new fossil fired power plants Siemens develops amino acid salt based process and has established partnership for aqueous ammonia process. Siemens Fuel Gasifier Siemens IGCC in Puertollano (E) Siemens scrubbing process test lab Post-Combustion carbon capture plant design Siemens solutions will be ready for the implementation in the upcoming CCS demonstration projects. Page 13 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
14 CCS: Siemens solutions for the emerging market Market & Investment Environment Innovative Power Generation Technologies CO 2 -capture technologies (overview) IGCC with Pre-Combustion Capture Post-Combustion Capture Capture-Ready / Retrofit solutions for SPP CO 2 Transportation and Storage Page 14 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
15 IGCC Combines the Best of Advanced Coal and Natural Gas Combined Cycle Power Plants Steam Power Plants Integrated Gasification Combined Cycle Plants Use low cost domestic fuel Natural Gas Fired Combined Cycle Power Plants Low emissions compared to conventional coal options High efficiency Fuel flexibility Co-Production of H 2 and other products Potential to capture CO 2 at a lower cost Higher efficiency Lower Emissions Main driver today: CO 2 Capture & Storage Page 15 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
16 IGCC Plant design and Siemens scope Fuel Gas Island Applications Coal Fuel preparation Air Separation Unit Combined Cycle Power Island Power Lignite Petcoke Refinery residues Gasifier Gasifier Island CO Shift (optional) Clean Syngas (CO + H2) FT Synthesis Methanol Synthesis Ammonia Production Transportation fuels Methanol Ammonia / Fertilizer Hydrogen Biomass Sulfur Removal CO 2 Removal (optional) Chemicals and Synfuel Production Siemens Basic Engineering & Design Siemens Supply of Key Equipment Siemens EPC Page 16 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
17 Siemens Fuel Gasifier (SFG) Anthracite Bituminous coals Sub-bit. coals Lignite Petcoke Tar oils Biomass Coal/ Feedstock Oxygen Quench Slag Steam Reaction 1300 to 1800 C Raw Gas >20 years of successful operation More than 100 gasification tests performed with more than 60 different feedstocks Coals from Australia, Germany, Canada, South Africa, China, Used to determine gasification behavior for fuels with difficult ash properties Test results confirm that SFG offers widest fuel flexibility. SFG gasifier technology is well-suited for IGCC-CCS CCS applications. Page 17 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
18 Existing Coal-Based IGCC Power Plants MW MW (net), (net), start startup - up 01/94 01/94 Buggenum (Netherlands) 262 MW (net), startup 10/95 Wabash River (Indiana/USA) MW MW (net), startup - 12/97 Puertollano (Spain) 250 MW (net), startup 09/96 Polk Power (Florida/USA) Siemens was involved in all European coal-based IGCC plants. Page 18 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
19 Siemens Gasification Experience Gasifier Size Start-up Fuel Products Schwarze Pumpe (Germany) 200MW th 1984 lignite, natural gas, tar oils, and waste syngas for methanol and power Siemens Test Center (Germany) 5MW th 1996 hard coal, lignite, slurries syngas Schwarze Pumpe Seal Sands BASF Seal Sands (UK) 30MW th 2001 liquid chemical residuals fuel gas Vřesová (Czech Republic) 175 MW th 2008 tar oils, liquid residuals syngas for IGCC Vřesová Siemens Test Center Page 19 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
20 Current Projects World-wide Gasifier Size COD Fuel Products Status Shenhua Ningxia (PR China) 5 x 500 MW th 2009 bituminous coal syngas for poly-propylene Engineering finished & Construction in progress Secure Decature (USA) 2 x 500 MW th 2010 bituminous coal SNG Engineering finished & Construction in progress Jincheng (PR China) 2 x 500 MW th 2010 anthracite ammonia / fertilizers Engineering finished & Construction in progress EPCOR Power, Inc. Canada 1 x 500 MW th 2015 bituminous coal IGCC FEED in progress Australian Energy Company (AEC) 2 x 500 MW th 2014 lignite ammonia / fertilizers Technology selected Page 20 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
21 Coal-Based Power Generation IGCC vs. Steam Power Plants IGCC: Advantages higher potential for efficiency improvements benefits from advances in gas turbine technology fuel / product flexibility lower emissions more suitable for CO 2 -capture (precombustion) IGCC: Challenges reliability/availability investment cost Steam power plants are the benchmark for coal-based power generation. Page 21 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
22 CCS: Siemens solutions for the emerging market Market & Investment Environment Innovative Power Generation Technologies CO 2 -capture technologies (overview) IGCC with Pre-Combustion Capture Post-Combustion Capture Capture-Ready / Retrofit solutions for SPP CO 2 Transportation and Storage Page 22 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
23 Siemens competencies for fossil power generation with carbon capture Power Plant Technology Chemical Engineering CO2 Compression Air Quality Control Instrumentation & Control Systems O&M Services Alliance with POWERSPAN Page 23 CCS presentation April 2009 Siemens proprietary 2nd generation Post-Combustion process Copyright Siemens AG All rights reserved.
24 Siemens Post-Combustion Carbon Capture Technology for Steam Power Plants Siemens Post-Combustion Technology Development Basis: Amino Acid Salt Formulations Page 24 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
25 Amino acid salt is the basis of our solvent H HOCH 2 N H H C H 2 N H H Ammonia MEA K + O - O C R C H N H R No vapor pressure Chemically stable HO O C R C H N H R Amino acid Amino acid salt Naturally present Salts have no vapor pressure No thermodynamic solvent emissions Not inflammable Not explosive Odorless No inhalation risk Negative ion is less sensitive to O 2 Low degradation Amino acids are naturally present Biodegradable Nontoxic Environmentally friendly Solvents based on amino acid salts are economic, have low environmental impact and are easy to handle. Page 25 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
26 Siemens lab plant for CO2 capture tests at Frankfurt Hoechst Industrial Park Synthetic gas flue gas mixtures Desorption column Reboiler made of glass so that boiling retardation effects can be recognized Absorption column with operating pressure up to 10 bar Fully automated DCS system NDIR CO2 analytic Siemens Energy runs a fully automated lab plant for CO2 capture for 24/7 operation. Page 26 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
27 Siemens Post-Combustion Capture Process Current development status Non-CCS reference plant: SSP (800 MWel,net, 600 C/610 C/270bar) Hard coal Net efficiency 45.7% without CCS Solvent slip nearly zero Low degradation (O 2 ) Siemens CO 2 compressor solutions CO 2 concentration 99% pressure 200 bar Stringent environmental requirements are easily met C High absorption rate C Heating up solvent Desorption of CO 2 Evaporation of reflux water approx. 120 C Low energy demand 2,7 GJ / ton CO 2 captured, approx. 40 % of LP steam The efficiency is approx. 9 %-pts.% lower than the reference hard-coal fired power plant, CO 2 compression (200 bar) included. Page 27 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
28 Further process improvements in several development fields are ongoing Scale-Up Large distributors Train concept Equipment Optimization Efficiency Investment Costs Size Material Pressure drop Type of equipment (e.g. packing) Process Conditions Pump around Desorber pressure Process temp. Process Optimization Power Plant Integration Process Configuration Heat integration Split loop configuration Low temperature heat integration Adaption of turbine operating characteristics Corrosiveness Additives Equipment material Kinetics Activation Enhanced mass transfer Solvent Optimization Chemical Stability Additives Structure of solvent Capacity Concentration of AAS Solubility New functional AAS Labproven Improved design η -9.2%-pts. 2.7 GJ/ton CO 2 Lab pilot plant in operation since two years, pilot plant at E.ON power plant (Staudinger) will start operation n in August Page 28 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
29 Major next steps on the way to a full scale postcombustion demo plant Improved process layout: 9.2%-pts efficiency drop Post-Combustion Capture is preferred solution for retrofits of coal fired power plants, application for CCPP s under development. ne w Scalable market introduction with slipstream demoprojects one train 100 to 150 MW (absorber diameter 10 to 12 m). Multi train concepts for full scale Post-Combustion Capture plants Lab plant, continuous operation Start Basic engineering 2012 Execution of Demoproject Commissioning of Demoproject Feed back into planning process Ready for FEED studies Pilot plant operation with E.ON (hard coal) Siemens Post-Combustion Technology ready for the implementation in demonstration projects. Page 29 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
30 ECO 2 Carbon Capture Solution Collaboration between Powerspan and Siemens Siemens Scope Absorber Design/Supply Process Mechanical Scope Detail Design/Purchase/Supply Powerspan Processes ECO-SO 2 Only ECO is NOx, SO 2 & Hg ECO2 is CO 2 Capture Process Powerspan Alliance Burger Commercial Unit - 50 MW (Feb 2004) Powerspan Status ECO Ready for Commercial Awards AMP Ohio to utilize ECO 2 Pilot Unit operational Summer 2008 Feed Studies First Energy Burger NRG Indian River Basin Antelope Valley Basin NextGen CO 2 Demo MOU s 125 MW Size NRG Texas Basin Antelope Valley Page 30 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
31 CCS: Siemens solutions for the emerging market Market & Investment Environment Innovative Power Generation Technologies CO 2 -capture technologies (overview) IGCC with Pre-Combustion Capture Post-Combustion Capture Capture-Ready / Retrofit solutions for SPP CO 2 Transportation and Storage Page 31 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
32 EU Climate change Package December 2009 Capture ready assessment mandatory for new fossil power plants >300 MW CO 2 Transportation & Storage Indication and evaluation of potential storage sites reasonably accessible to the project. Evaluation of viable transportation options. Carbon Capture technology Reservation of sufficient area on the site for the later retrofit of the CO 2 capture unit with CO 2 compression, for all plant integration measures and for retrofit-construction period. Assessment of the economic and technical aspects for the later retrofit and integration of the CO 2 capture unit different options for the respective retrofit strategies. Selection of best-available-capture-technology, capture ready concepts for technology routes are deviant. Delivering capture readiness should not result in a plant operating inefficiently until CCS S is fitted. Page 32 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
33 Capture Ready Requirements All measures defined - reference Siemens steam power plant layout SSP Exhaust ducts consider p from CO 2 absorption unit later flue gas connection to capture unit (T-branch) Flue gas fan upgradeable design or additional space for installation of second fan downstream of FGD Steam turbine building sufficient space/foundation for: modification of turbines steam and condensate pipes installation of heat exchangers Steam turbines extraction of approx. 40 % of LP cross over steam options for modification of turbines depend on operation modes (part load, full load capability w/o CO 2 capture, other plant and site conditions) Electrical auxiliary load sufficient space for: additional auxiliary transformer(s) switchyard cable routes FGD either consider capacity extension in column design or provide space for enlarged FGD unit Air heating Optional: space for installation of heat exchanger(s) for lowest grade heat utilization Our offer proposal: Integration of carbon capture unit into the power plant Capture Ready / Retrofit Solutions Condensate system, sufficient space for: heat exchangers for low grade heat utilization additional piping routes with supporting structure / racks Cooling system sufficient space for: additional circulation pumps service water system sufficient cooling capacity of cooling tower Raw water & cooling water supply / Waste water treatment sufficient space for enlargement secure water utilization rights Page 33 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
34 CCS: Siemens solutions for the emerging market Market & Investment Environment Innovative Power Generation Technologies CO 2 -capture technologies (overview) IGCC with Pre-Combustion Capture Post-Combustion Capture Capture-Ready / Retrofit solutions for SPP CO 2 Transportation and Storage Page 34 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
35 Siemens CO 2 compression solutions possible machine and driver combinations Steam turbine + gear type - up to bar - 7 to 8 compression stages gear type + vertical split - up to 300 bar Gas turbine E-motor + + horizontal + vertical split - up to 300 bar gear type + hds vertical compressor - up to 300 bar Page 35 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
36 Siemens CO 2 compression solutions: comparison of single-shaft vs. gear-type compressor 160 bar two-phase fluid region recooling compression single-shaft compressor, two casings, three intercoolers P i = 13,1 MW 100% ( kg/h) 160 bar two-phase fluid region recooling compression gear-type compressor, one gear-casing, 8 stages, 5 intercoolers P i = 11,7 MW 89% ( kg/h) Significant efficiency advantage of gear type compressor Page 36 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
37 Siemens CO 2 compression solutions: gear-type compressor for Hammerfest LNG Package lift into the barge Partial compressor view / shop testing STC-GV(40-6) Power: 10. MW Mass flow: 105. t/h CO2 Suction: 1. bar Discharge: 61. bar 2 process stages Dry Gas Seals Package weight: 230. t Barge installation in Cadiz LNG terminal status Oct close to Hammerfest / North Norway Page 37 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
38 CO 2 -Storage Three CO 2 -Storages with > 1 Mio t CO 2 /year in operation Experiences with Enhanced Oil Recovery (EOR) since decades, Texas Permian Basin more than approved injection facilities Oel- and gas industry in USA has installed >5.000 km CO 2 pipelines Potential storages currently under evaluation Storage capacity in Europe approx. 40 bis 400 Gt* Required storage capacity in Europe up to 2050 ca. 20 Gt*. *Source: *McKinsey, CCS - Assessing the economics, Sept Grafik: IZ Klima Experiences for CO 2 transport and storage, further R&D and implementation of required infrastructure is needed. Page 38 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
39 Many thanks for your kind attention Page 39 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
40 You need more information? Please contact: Dr. Hermann Kremer Siemens AG Energy Sector EF ES SN Business Development CCS Freyeslebenstr Erlangen Germany hermann.kremer@siemens.com Phone: +49 (9131) Mobile: +49 (172) Page 40 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
41 Back-up Page 41 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
42 Proposal ZEP November 2009 Demonstration Phase Requires Funding to Fill the Economic Gap Demonstration Demonstration phase: phase: CCS CCS not not economically economically viable. viable. Public Public contribution contribution necessary necessary for for some some portion portion /tonne CO Economic gap Estimated costs of CCS Carbon price forecast; impact of new policy not included Commercial Commercial phase: phase: CCS CCS expected expected to to be be commercially commercially viable, viable, as as costs costs and and CO2 CO2 price price reach reach similar similar levels levels DEMO PHASE (~4GW) EARLY COMMERCIAL PHASE (~20 GW installed capacity) MATURE COMMERCIAL PHASE (~ 80 GW installed capacity) Page 42 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
43 Proposal ZEP November Demonstration Projects = 7 Billion - 12 Billion in Funding Present value over lifetime, billion Construction and operational risks Incremental costs of CCS Costs of regular power plants without CCS Revenue from electricity sales in market 7-12 * ETS Emission Unit Allowances (EUAs), assumed to be at 35/tonne CO 2 Page 43 CCS presentation April 2009 Copyright Siemens AG All rights reserved EUA EUA costs avoided* EU Economic Recovery Program under discussion 1 for CSS Economic gap to be funded EU Climate Package 12 / Mio Certificates Risk coverage by industry
44 Disclaimer This document contains forward-looking statements and information that is, statements related to future, not past, events. These statements may be identified either orally or in writing by words as expects, anticipates, intends, plans, believes, seeks, estimates, will or words of similar meaning. Such statements are based on our current expectations and certain assumptions, and are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond Siemens control, affect its operations, performance, business strategy and results and could cause the actual results, performance or achievements of Siemens worldwide to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. For us, particular uncertainties arise, among others, from changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products or technologies by other companies, lack of acceptance of new products or services by customers targeted by Siemens worldwide, changes in business strategy and various other factors. More detailed information about certain of these factors is contained in Siemens filings with the SEC, which are available on the Siemens website, and on the SEC s website, Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the relevant forward-looking statement as anticipated, believed, estimated, expected, intended, planned or projected. Siemens does not intend or assume any obligation to update or revise these forward-looking statements in light of developments which differ from those anticipated. Trademarks mentioned in this document are the property of Siemens AG, it's affiliates or their respective owners. Page 44 CCS presentation April 2009 Copyright Siemens AG All rights reserved.
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