In May 2010, the German engineering giant increased its stake in Archimede from 28% to 45%.
Siemens has a big interest in concentrating solar power (CSP). As a provider of solar fields and as one of the world’s biggest makers of steam turbines, it can provide formidable marketing and industrial support.
Siemens acquired CSP technology provider Solel in 2009, but Archimede can go to places in the Middle East where Israel-based Solel cannot for political reasons.
Archimede
