September 24, 2024—Today, Siemens Financial Services launched the Decarbonization Business Optimizer (DBO™), a cloud-based tool created to help address the overwhelming complexity of decarbonizing buildings and the financing needed to get to net-zero emissions. The DBO is a free, digital web tool that removes the initial knowledge barrier and uncovers more efficient strategies to help decarbonize a company’s facilities. The scenario modeling and optimization tool aggregates and leverages data from relevant governmental agencies including the U.S. Department of Energy (DOE), the Environmental Protection Agency (EPA), and the DOE’s National Renewable Energy Laboratory (NREL).
“Companies, specifically those in the supply chain, are increasingly asked to report their carbon footprint to their customers -- yet many do not know where to begin,” said Anthony Casciano, President and CEO of Siemens Financial Services, Inc. “The DBO addresses these barriers by taking action and puts companies of all sizes, and at all stages, in a better position to create long-term value, accelerating participation in the transition to net-zero emissions.”
The DBO generates cost effective decarbonization scenarios for each facility using the address, facility size and type (for example, a hospital, office building, manufacturing plant, etc.). The estimated carbon footprint calculated for the facility, as well as the energy cost, is based on data relevant to its geographic location, enabling a more accurate estimate than using country-wide averages. The tool also considers site-specific data such as the annual energy use or load profile, if available, to generate an even more accurate result.
“A lack of data sometimes can deter companies from initiating a sustainability strategy,” said Lee Evangelakos from American Industrial Partners (AIP). “As an initial tester, we found that the DBO tool is a great way to get started in estimating facility footprints. The tool enables industrial businesses to think through the building blocks of their emissions profiles and how they could begin to take action towards decarbonization.”
Users can discover and choose a combination of generation and storage technologies that makes the most sense for their site such as solar panels, combined heat and power (CHP), thermal energy storage, battery storage, and more. Customized decarbonization scenarios can also be generated based on a desire for specific technologies, resilience to grid outages, or a maximum budget, enabling data-driven decarbonization decision making. The tool also provides a summary of estimated return on investment (ROI).
"Trusted data sets coupled with credible modeling and analysis tools are vital in the complex decision-making process to achieve a clean energy future," said Roderick Jackson, Laboratory Program Manager for Building Technologies at NREL. "NREL-developed tools are built to be leveraged in this way—including ComStock™, REopt®, and our Annual Technology Baseline framework. It’s great to see that in practice."
SFS developed the tool in partnership with Siemens Technology, the company’s central R&D department. The tool is built on AWS, utilizing server-less architecture to lower its workload carbon footprint by allowing the DBO to operate only when needed, rather than running constantly. A recent study estimates AWS’s infrastructure is up to 4.1 times more efficient than on-premises, and when workloads are optimized on AWS, the associated carbon footprint can be reduced by up to 99 percent.
The tool also leverages public data made available through the Amazon Sustainability Data Initiative (ASDI) to help estimate thermal properties of materials in buildings. ASDI works with sustainability-focused government agencies to host, and deploy key datasets on the AWS Cloud, including weather observations and forecasts, climate projection data, satellite imagery, hydrological data, air quality data, and ocean forecast data.
To access the DBO and learn more, those interested can visit www.dbo.siemens.com. The tool is currently available for free in the U.S. and can be accessed via Siemens Xcelerator, an open digital business platform that helps companies accelerate their digital transformation easier, faster, and at scale. Companies can reach out to Siemens Financial Services for more information and to learn about how Siemens Smart Infrastructure can help act on their DBO results toward realizing their sustainability strategies.
For more information about the DBO, please visit: http://www.dbo.siemens.com
For more information about technology and financing from Siemens, please visit: www.usa.siemens.com
Siemens Financial Services (SFS) – the B2B financing arm of Siemens – provides financing that makes a difference. At SFS, we empower customers around the globe to access technology with purpose and increase their competitiveness. Based on our unique combination of financial expertise, risk management and industry know-how we provide tailored financing solutions – including flexible leasing and working capital products, project-related and structured financing, corporate lending, equity investments, finance advisory, as well as trade and receivables financing. With highly experienced and passionate teams in 20+ countries, SFS paves the way for industrial productivity, smart infrastructure and sustainable mobility, facilitating the energy transition and enabling high-quality healthcare. Supporting the Siemens DEGREE framework, SFS is one of the leading providers in financing greenfield renewable projects. www.siemens.com/finance.
Siemens Corporation is a U.S. subsidiary of Siemens AG, a leading technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose, adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a global leading medical technology provider shaping the future of healthcare. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power. In fiscal 2023, which ended on September 30, 2023, the Siemens Group USA generated revenue of $19.9 billion and employs approximately 45,000 people serving customers in all 50 states and Puerto Rico.
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