Siemens Exits Lighting with $1.4 Billion Sale

Perhaps in a sign of continued consolidation, Siemens has also withdrawn from businesses making phones, hearing aids and ovens. The Munich-based company completed the sale of its remaining stake in light manufacturer Osram Licht AG, raising about 1.2 billion euros

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Siemens Presents the World’s Thriftiest Traffic Light

This has been made possible by installing so-called “1-watt technology”. One-watt technology uses digital LED driver modules. This eliminates the need for load resistors and switching elements in the signal light units which until now have consumed most of the

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Siemens and IBM Team on Building Energy Management Solutions

The Siemens Building Technologies Division and IBM recently announced cloud-based solutions that will leverage Siemens’ building expertise and IBM Internet of Things (IoT) capabilities to maximize the potential of connected buildings and the data they create, helping corporate real estate

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Siemens Considers Selling Stake in Osram

Osram’s largest shareholder Siemens might be considering selling its 17% stake in the company. Citing a report from leading German newspaper Handelsblatt, a source in the industry revealed Siemens might sell its stake in Osram to an Asian manufacturer. No

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Modesto, CA to Consider Streetlight Upgrades to LED

The project calls for Siemens to replace more than 9,000 streetlights, retrofit the exterior and interior lighting at 16 city facilities at a total cost of $10.39 million, which includes the interest. A city report suggests the city could borrow

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Lutron and Siemens Announce Joint Energy Efficiency Initiative for Commercial Buildings

The Lutron Quantum® Total Light Management System, which controls lights, shades and small appliances, and the Siemens APOGEE® Building Automation System, which allows multiple building systems to work together regardless of their architecture, can be easily integrated together via BACnet.

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News Updates for the Week of December 3

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News Updates for the Week of October 29

1. New NAED Study Available: ESCO Partnerships and the Electrical Distribution Industry – This new study looks at partnership options between energy service companies (ESCOs) and distributors. These partnerships are in some cases a good way for distributors to enter

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News Updates for the Week of April 9

1.      New World Trade Center Serves as Model for Urban Energy Efficiency – In the wake of the terrorist attacks that destroyed the World Trade Center (WTC) on Sept. 11, 2001, New York City officials and building planners set out

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News Updates for the Week of May 9

1. Controlling LEDs by Lutron’s Amanda Beebe and Ethan Biery – Ten years ago, many people didn’t even know what an LED was. Today, they’re the new hot item on the shelves – and everyone wants to use them. Often,

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News Updates for the Week of April 18

1. Marijuana Growing Gobbles Electricity, Study Finds – A new study estimates that indoor pot-growing operations in the United States burn about $5 billion worth of electricity annually, or roughly 1 percent of national power consumption. That’s enough electricity to

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News Updates for the Week of March 28

1. Siemens Hasn’t Finished Revamp Yet as Board to Vote on Osram IPO – Siemens’s supervisory board may meet for an extraordinary meeting on March 28. The 20-member panel may approve an initial public offering of the Osram lighting unit

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News Updates for the Week of March 7

1. A Tipping Point for Oil Prices –The days of $100 a barrel oil are back. Most economists think that this price level, while high by historical standards and an impediment to growth, is not high enough to completely derail

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News Updates for the Week of December 20th

1. Dot Earth: U.S. Energy Choices and Global Climate Plans – There’s plenty to ponder in the newly released summary of the Annual Energy Outlook 2011 by the Department of Energy. While all such forecasts are implicitly uncertain, this one

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