Siemens Energy, a division of
), recently opened a new facility in Charlottesville, VA, for
manufacturing innovative airfoil components for gas turbine
blades and vanes. The new technology is licensed with Mikro
The use of Tomo-Lithographic Molding (TOMO) manufacturing
technology in a range of gas turbine machinery improves the
cooling capabilities of gas turbines and increases overall
efficiency. This new advanced technology is suitable for the
environment as well as for customers. This technology further
encourages the company to boost its current world record for
combined cycle efficiency of almost 61% to higher levels.
TOMO manufacturing technology will enhance the progress in blade
manufacturing and support Siemens' efforts for clean energy
product development. New airfoil components can tolerate higher
gas temperatures and use less cooling air, thereby improving the
efficiency of natural gas turbine energy production. With the
enhancement in gas turbine performance, the plant owners are
expected to reduce cost and improve overall plant profitability.
Siemens' Energy business segment comprises Power Generation (PG),
Power Transmission & Distribution (PTD), Fossil Power
Generation, and Renewable Energy and Solutions for the oil and
The PG division offers services and products, such as planning
and construction of power plants, the manufacture and
installation of components and systems, power plant upgrades,
energy management systems, and fuel cells. It also supplies
turbines, compressors, and complete solutions for industrial
plants, particularly in the oil and gas industry. In the last
reported quarter, the Energy sector recorded a 9% year-over-year
decline in revenues due to lower Fossil Power Generation and Wind
Siemens currently has a Zacks Rank #3 (Hold) Other stocks that
look promising and are worth a look are
PDF Solutions Inc.
Forrester Research Inc
), each carrying a Zacks Rank #2 (Buy).
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