BTN News: The burgeoning energy market in Latin America has catalyzed major investments from global companies such as Siemens Mexico, Central America, and the Caribbean. Recently, Siemens announced a substantial investment exceeding $50 million aimed at enhancing energy distribution across various sectors including automotive, aerospace, residential, and food industries. This strategic move is part of Siemens’ broader initiative to address the escalating demand for electricity, which is projected to grow at an average annual rate of 2.3% from 2022 to 2050, according to data released in 2024 by the Inter-American Development Bank (IDB). A key challenge for companies investing in the region is balancing this increasing demand with the imperative to reduce emissions.
In response to these challenges, Siemens has launched an ambitious investment project named ‘Kaizen’ in the Mexican state of Querétaro. This project is designed to meet the energy needs of medium and low voltage markets in Mexico and North America while employing a robust decarbonization strategy to minimize the industry’s carbon footprint. Alejandro Preinfalk, President of Siemens for Mexico, Central America, and the Caribbean, emphasized the company’s commitment to sustainable growth through investment in people, technology, and community. He highlighted a significant agreement reached in December 2023 between the state of Querétaro, Siemens, and Estanium during COP28, which exemplifies the collaboration between government and private sectors to reduce carbon emissions across industries and their supply chains using Siemens’ advanced ‘SiGreen’ technology.
Marco CosÃo, Vice President of Smart Infrastructure at Siemens for the region, underscored the company’s 130-year legacy in Mexico and its awareness of the challenges posed by industrial transformation. He stressed the importance of promoting energy efficiency, optimizing value chains, and enhancing the transparency of environmental metrics. CosÃo pointed out that the effects of climate change necessitate a high degree of efficiency in the industrial sector, blending real-world and digital innovations to generate positive impacts across various collaborative ecosystems.
Furthermore, Siemens aims to embed sustainability in all its operations through its Degree framework, which focuses on decarbonization, ethics, governance, resource efficiency, equity, and employability. Siemens is committed to reducing its operational emissions by 55% by 2025 and achieving carbon neutrality by 2030, aligning with the principles of the circular economy and the United Nations’ Sustainable Development Goals (SDGs).
Judith Wiese, Chief People and Sustainability Officer at Siemens AG, emphasized the company’s commitment to sustainability in the region by announcing the inauguration of three new factories to commemorate Siemens’ 130th anniversary in Mexico. These facilities, representing an investment of over $100 million, are poised to bolster Mexico’s economy through sustainable operations, reinforcing Siemens’ long-standing commitment to innovation and environmental stewardship.
Siemens’ strategic investments and partnerships in Latin America not only address the growing energy demands but also set a benchmark for sustainable industrial practices. Through projects like Kaizen and the implementation of cutting-edge technologies such as SiGreen, Siemens is paving the way for a greener, more efficient energy future in the region. This approach ensures that while industries expand and evolve, they do so with a minimized carbon footprint, contributing to the global efforts to combat climate change.
