Siemens Financial Services Joins EIT InnoEnergy to Accelerate the Energy Transition

Siemens Financial Services (SFS), the financial arm of the German technology giant, has joined EIT InnoEnergy, the innovation engine for sustainable energy across Europe.

EIT InnoEnergy is the innovation engine for sustainable energy across Europe supported by the European Institute of Innovation & Technology (EIT), a body of the European Union.

The partnership involves Siemens becoming the latest of 29 EIT InnoEnergy shareholders, joining companies like Volkswagen, Engie, ING, and TotalEnergies.

SFS’ and EIT InnoEnergy’s collaboration will be multifaceted, ranging from co-investments into large-scale sustainable energy infrastructure projects and creating opportunities for Siemens’ businesses to joint technology partnerships, education programs, and identifying possible ecosystem partners for Siemens.

“Siemens Financial Services’ unique industrial and financial expertise coupled with its strong tie to the Siemens businesses, makes SFS the perfect partner for us and our ecosystem to bring even more sustainable energy innovations to industrial scale.” — Diego Pavia, CEO of EIT InnoEnergy

With financing volumes ranging from €1,000 to €100 million euros, SFS has more than 285,000 customers in 60 countries. Its current portfolio supports the generation of 25 Gigawatt (GW) and 12 GW of solar energy.

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