Eaton and Siemens Energy Join Forces to Provide Power and Technology to Accelerate the Delivery of New Data Center Capacity
Integrated modular data center construction will bring capacity online at speed to meet growing global demand for AI and cloud computing
Standardized on-site power generation is key to accelerate the development of new data centers
Article content
Article content
DUBLIN & BERLIN — Intelligent power management company Eaton, and Siemens Energy, one of the world's leading energy technology companies, have announced a fast-track approach to building data centers with integrated onsite power. They will address urgent market needs by offering reliable grid-independent energy supplies and standardized modular systems to facilitate swift data center construction and deployment.
Article content
Eaton and Siemens Energy join forces to provide power and technology to accelerate the delivery of new data center capacity.
Article content
The collaboration will enable simultaneous construction of data centers and associated on-site power generation with grid connection and the integration of renewables to meet regional regulatory requirements, if required. This will provide data center owners and developers with choices they don't have at present to enable them to build and run new data centers.
Article content
Siemens Energy's modular and scalable power plant concept is tailored to the specific needs of data center operators. The standard configuration generates 500 megawatts (MW) of electricity, featuring highly efficient SGT-800 gas turbines, redundancy and additional battery storage systems, ensuring the highest reliability. Based on its modular approach, the size of the plant can be scaled up and down. In the future, it can also operate in a carbon-neutral manner, provided hydrogen is available and part of the data center's sustainability strategy. The Siemens Energy concept also includes an optional emission-free clean air grid connection to be installed either during construction or as a retrofit. This feature would enable data centers to provide grid services.
Article content
Eaton will provide customers with electrical equipment such as medium voltage switchgear, low voltage switchgear, UPS, busways, structural support, racks and containment systems, engineering services and the software offerings needed to protect and enable IT loads from the medium-voltage grid to the chip and help accelerate building and commissioning data centers with skidded and modular designs.
Article content
Cyrille Brisson, global segment leader, Data Centers, Eaton, said: 'Our approach of letting customers pick the right balance of energy sources is very flexible and construction to start-up time is swift with options to reduce emissions in both the short and long term. Crucially, our approach offers data center owners and developers the opportunity to build capacity and bring it online fast in any location where they have land available that is close to gas, water and fiber.'
Article content
Andreas Pistauer, global head of sales, Siemens Energy's Gas Services Business Area, said: 'We offer hyperscalers, co-locators and investors a unique package, enabling them to reduce the time-to-market by up to two years in many places which leads to significant revenue gains. Our power plant design is built with redundancy, eliminating the need for backup diesel generators, and reducing CO 2 emissions by about 50 percent.'
Article content
About Eaton
Article content
Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we're helping to solve the world's most urgent power management challenges and building a more sustainable society for people today and generations to come.
Article content
Founded in 1911, Eaton has continuously evolved to meet the changing and expanding needs of our stakeholders. With revenues of nearly $25 billion in 2024, the company serves customers in more than 160 countries. For more information, visit www.eaton.com. Follow us on LinkedIn.
Article content
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 and heat 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. Its wind power subsidiary Siemens Gamesa 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 around 101,000 people worldwide in more than 90 countries and generated revenue of €34.5 billion in fiscal year 2024.
Article content
Article content
Article content
Article content
Contacts
Article content
Eaton
Angela Swann
Global PR & Policy Communications Manager
angelaswann@eaton.com
mobile +44 7773 198113
Article content
Article content
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
2 hours ago
- Globe and Mail
Prediction: This Unstoppable Artificial Intelligence (AI) Stock Will Join Nvidia, Microsoft, Apple, Amazon, and Alphabet in the $2 Trillion Club by Year's End
Key Points The $2 trillion club is full of businesses benefitting from the growing demand for artificial intelligence. The company I'm eyeing is developing its own AI capabilities that serve multiple cases across its business with huge revenue opportunities. The stock trades for a fair value, and even slight outperformance could push it into $2 trillion territory. 10 stocks we like better than Meta Platforms › Nvidia recently became the first ever $4 trillion company in the world. Its rapid ascension in value stems from growing demand for artificial intelligence. But Nvidia isn't the only company that's seen its market value soar to multitrillion-dollar levels on the back of AI-fueled growth. The three biggest cloud computing providers -- Amazon, Microsoft, and Alphabet -- all boast market caps above $2 trillion. Meanwhile, Apple remains one of the most valuable companies in the world as it works to catch up on its AI capabilities. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » But the $2 trillion club may be about to get a little bigger. One company is showing strong financial results stemming from the rapid advancements of artificial intelligence over the last few years. In fact, I predict it will surpass the $2 trillion market cap milestone before the end of the year. Here's the AI giant that could join the $2 trillion club. One of the biggest beneficiaries of generative AI capabilities I predict that the next member of the $2 trillion club will be Meta Platforms (NASDAQ: META). Not only does it already have a market cap of roughly $1.8 trillion as of this writing on July 24 -- which puts it about 11% from $2 trillion -- but the stock currently looks undervalued relative to the potential opportunities. AI could boost its revenue in the near term while opening up even bigger opportunities in the long run. During Meta's first-quarter earnings call on April 30, CEO Mark Zuckerberg laid out five major opportunities for the company with AI. Improved advertising: Meta has long used machine learning algorithms to help surface advertisements amid organic content to drive maximum engagement. That's led to steady improvements in ad pricing for the company. It's also rolled out generative AI tools that help marketers come up with creatives (ads). In the pipeline, Meta's developing an AI agent that can take a marketer's objective and budget and create and run the entire campaign for them. That has the potential to save marketers money and increase the total number of companies running ads on Meta's properties, further pushing ad prices higher. More engaging experiences: Zuckerberg details two benefits of AI: better recommendations and new types of content. Meta has expanded its AI model to include more data points across all different types of content to improve recommendations across every surface of its apps, including Facebook, Instagram, and WhatsApp. As it grows the model bigger and bigger, it's getting better and better at engaging users. That's only possible because it now has the compute power to support its large language model development. Zuckerberg also expects generative AI tools to provide new ways for creators to produce better content for users. Everything from existing content like photos and videos can be manipulated with AI, and generative AI could enable creators to produce more interactive content as well. Business messaging: Meta's WhatsApp for Business is a relatively small source of income right now. But as Meta improves its AI agent capabilities, it reduces the cost for businesses to provide customer service and sales through WhatsApp and Messenger. That could lead to a surge in WhatsApp for Business users. One analyst thinks AI agents alone are a $100 billion opportunity for Meta. A stand-alone AI chatbot: Meta has integrated the Meta AI assistant into all of its main apps and released a stand-alone version of the app as well. As the user base grows, it could provide another source of valuable advertising inventory. Importantly, since Meta is developing its own large language model for the above applications already, the additional cost of building and running a stand-alone AI chatbot is far lower than for dedicated AI companies like OpenAI or Anthropic. Devices: Zuckerberg points out the growing popularity of Meta's AI glasses. Unit sales tripled in the first quarter. Longer term, generative AI may be essential for creating an augmented reality user interface that fits into the unique setting of each user. Indeed, AI has the potential to dramatically impact Meta's financials in a positive direction in the near term while supporting its long-term objectives in virtual and augmented reality. The stock looks like a bargain right now The above factors should be able to generate strong double-digit revenue growth for Meta for years to come. The company saw 16% revenue growth last quarter, while exhibiting nice operating leverage. As a result, operating income climbed 27% year over year. The big step up in capital expenditures could weigh on earnings growth for the next couple of years as depreciation expense climbs as a result. But as the company grows into those expenses, it should continue to show operating leverage. Meta's also using excess cash flow to repurchase shares. It bought back $13.4 billion worth of its stock in the first quarter, and it still has $70 billion in cash on the balance sheet. As a result, the company should be able to generate strong earnings-per-share growth. As of this writing, the stock trades for 28 times earnings. Considering the growth potential ahead for the stock, that's an enticing price for investors. To push the stock to $2 trillion, it would have to trade for closer to 31 times earnings, which isn't an unreasonable multiple for the stock. But if Meta ends up outperforming expectations, it could trade for the same multiple and still achieve a $2 trillion valuation. I expect a combination of multiple expansion and outperformance to drive the stock to $2 trillion before the end of the year. Should you invest $1,000 in Meta Platforms right now? Before you buy stock in Meta Platforms, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Meta Platforms wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025
Globe and Mail
12 hours ago
- Globe and Mail
Is QuantumScape Stock a Buy Now?
Key Points QuantumScape's solid-state lithium-metal battery technology aims to achieve higher energy density, faster charging, and improved safety compared to traditional lithium-ion batteries. The company has partnered with PowerCo, Volkswagen Group's battery manufacturing arm, to produce its technology and support a capital-light business model. Analysts predict that meaningful revenue won't materialize until 2027, with a surge forecast for 2028. 10 stocks we like better than QuantumScape › QuantumScape (NYSE: QS) is leading the charge to revolutionize energy storage with its innovative solid-state lithium-metal battery technology for electric vehicles and other applications. Its cutting-edge battery technology promises higher energy density and faster charging times, while also significantly improving safety compared to traditional lithium-ion batteries. The company has made headlines recently as its battery technology progresses, and the stock has surged 265% from its 52-week low. Here's what investors need to know about QuantumScape's investment prospects and what to expect from the company over the next several years. QuantumScape's battery technology ambitions Last year, QuantumScape partnered with PowerCo, the battery manufacturing arm of the Volkswagen Group. Volkswagen has been a significant investor in QuantumScape since 2012, committing around $380 million, and is the company's largest shareholder. QuantumScape's collaboration with PowerCo looks to advance its QSE-5 technology platform, with the goal of scaling up production at PowerCo's facilities. PowerCo is the "anchor customer" in QuantumScape's expanding technology ecosystem, as the company aims to develop a capital-light licensing model and expand its partnerships with customers worldwide. Instead of incurring heavy manufacturing investments, QuantumScape would license its technology to these partners, reducing its exposure to manufacturing risks and capital demands. QuantumScape is focused on broadening its range of potential licensing agreements with other automotive manufacturers. It also aims to strengthen its relationships with technology partners and key players across the battery value chain. This recent news sent the stock soaring One of QuantumScape's primary goals coming into 2025 was to bring the Cobra separator process into baseline production. Cobra represents a "step-change innovation in ceramics processing" designed to enable a significant improvement in separator productivity. This new process offers a 25 times improvement in heat treatment speed and requires only a fraction of the physical space per film start (compared to its prior-generation Raptor process). In June, the company announced that its Cobra separator process had reached baseline production, a key step toward commercializing its batteries. The successful baselining of Cobra is crucial for enabling higher-volume B1 sample production of their QSE-5 cells, which will be used in a launch program designed to showcase them, with field testing scheduled to commence in 2026. Since the announcement, the stock has surged 190%. Be mindful of the timeline and its finances One thing investors should be aware of regarding QuantumScape is that it is a company in its early growth stage. The company has not generated any revenue to date and continues to incur losses as it spends heavily on research and development. QuantumScape posted an operating loss of $123.6 million in the first quarter and expects to incur significant expenses and ongoing losses into the future. Capital expenditures in the first quarter of 2025 were $5.8 million, primarily supporting equipment and facilities for higher-volume QSE-5 B1 sample production using the Cobra separator process. The company's full-year capital expenditure guidance for 2025 is between $45 million and $75 million. QuantumScape reported $860.3 million in cash and equivalents at the end of the first quarter and anticipates this cash runway is enough to extend into 2028. This runway has expanded since it announced its licensing agreement with PowerCo, which is expected to lower costs and capital requirements compared to previous joint venture arrangements. Is QuantumScape a buy today? I'm excited about the potential of QuantumScape's groundbreaking battery technology, which has the potential to transform energy storage in the future. However, the company is still in the early stages of development and testing, and will continue to incur losses as it brings its vision to life. Analysts have noted that we should not expect meaningful revenue from QuantumScape until 2027, with projections of $51.6 million that year, followed by a significant leap to $265 million in 2028. Until then, we're looking at a story-driven stock that will attract attention but may not offer as much upside from here, especially given its recent surge. Should you invest $1,000 in QuantumScape right now? Before you buy stock in QuantumScape, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and QuantumScape wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025
Winnipeg Free Press
a day ago
- Winnipeg Free Press
Allianz Life confirms data breach affecting majority of 1.4M US customers
MINNEAPOLIS (AP) — Hackers gained access to personal data on the majority of the 1.4 million customers of Allianz Life Insurance Company of North America, the company confirmed Saturday. Minneapolis-based Allianz Life, a subsidiary of Munich, Germany-based Allianz SE, said the data breach happened on July 16 when a 'malicious threat actor' gained access to a third-party, cloud-based system used by the company. 'The threat actor was able to obtain personally identifiable data related to the majority of Allianz Life's customers, financial professionals, and select Allianz Life employees, using a social engineering technique,' Allianz Life said in a statement. 'We took immediate action to contain and mitigate the issue and notified the FBI.' The company said its own systems were not accessed, just the third-party's platform. Allianz Life said its investigation is ongoing and that the company has begun reaching out to the impacted individuals. It said the incident involves only Allianz Life in the U.S., not other Allianz corporate entities. In the case of data breaches, a 'social engineering technique' usually involves using trickery to gain access. Spokesman Brett Weinberg said he couldn't provide details because they are still investigating. Allianz Life also reported the breach to multiple other authorities, including the Maine Attorney General's Office. A filing on the agency's website said the company discovered the breach the day after it happened, and that it will be offering those affected 24 months of identity theft protection and credit monitoring. Allianz Life was known as North American Life and Casualty until it was acquired by German conglomerate Allianz SE in 1979 and changed its name to Allianz Life Insurance Company of North America. It has nearly 2,000 employees in U.S., with the majority working in Minnesota, according to its website. It is one of five North American subsidiaries of the Munich-based global financial services group Allianz SE, which says it serves more than 125 million customers worldwide.
