Siemens Energy

Additive manufacturing makes objects by systematically adding material via a CAD program

Additive Manufacturing

<div>
 
 Seurat Technologies offers a metal additive manufacturing (AM) solution known as &ldquo;Area Printing,&rdquo; focusing on automotive, aerospace, energy, and consumer electronics industries. This technology splits a single laser beam into as many as 2.3 million beams to weld metal powder. Each laser beam picks a spot to weld, making parallel production possible. The company claims its tech increases production rates by 10x relative to incumbent solutions in the market. Seurat does not sell 3D printers and operates through the Area Printing Production (APP) program, which prints qualified parts at the company&rsquo;s localized production centers or partner centers closer to the customer. The first print depot was planned to be established at Seurat Technologies&rsquo; global headquarters in Wilmington, Massachusetts, with plans to establish more. The company aims to reduce the environmental impact of manufacturing by using green energy in its factories.
 
 
 Key customers and partnerships
 
 
 As of October 2023, the company had six letters of intent (LOIs) totaling 4,000 tons of material.&nbsp;
 
 
 In May 2023, Seurat Technologies, partnered with 
 <a href="https://sp-edge.com/updates/18171">
 Siemens Energy
 </a>
 to 3D print 59 tons of metal components for its turbines.
 
 
 Funding and financials
 
 
 In October 2023, Seurat Technologies raised 
 <a href="https://sp-edge.com/updates/23254">
 USD 99 million
 </a>
 in a series C round led by Capricorn Investment Group. The funds were expected to be used to scale up production capabilities and deploy printing factories near customer sites worldwide, reducing emissions from transportation and logistics while reshoring supply chains.
 
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MakerVerse is the advanced manufacturing platform for sourcing industrial-grade parts on demand.

Seurat Technologies is transforming manufacturing for people and our planet. Area Printing by Seurat is the next generation of 3D metal printing designed for high-volume, decarbonized industrial production. By decoupling resolution and speed, Seurat is creating a scalable process that can compete with traditional manufacturing in every way. Seurat’s pioneering approach was originally developed at Lawrence Livermore National Laboratory (LLNL) and has over130 patents granted and pending.

The Siemens Energy Sector, founded on January 1, 2008, is one of the four sectors of Siemens AG corporation. The company generates and delivers power from numerous sources including the extraction, conversion and transport of oil and natural gas in addition to renewable and alternative energy sources. Michael Suess was appointed CEO of the sector on April 1, 2011.

<div> Siemens Energy AG (ETR: ENR) is a Germany-based company that provides products, solutions and services for the energy industry. It was spun off from Siemens AG in 2020 and reported revenue of EUR 31.1 billion for fiscal year 2023. Siemens Energy operates across the entire energy value chain, with four main business segments: <ul> <li> Gas Services: Provides gas turbines, steam turbines, generators and related services </li> <li> Grid Technologies: Offers power transmission equipment and solutions </li> <li> Transformation of Industry: Focuses on electrification and decarbonization solutions for industrial applications </li> <li> Siemens Gamesa Renewable Energy: Manufactures wind turbines and provides related services </li> </ul> The company has a strong focus on developing technologies to support the energy transition, including renewable energy, power transmission, and decarbonization solutions for industry. Some of its key products include gas and steam turbines, generators, grid connection systems, and onshore and offshore wind turbines. As of December 2023, Siemens Energy had an order backlog of EUR 112 billion. The company is expanding its manufacturing capacity, including plans to increase production of grid equipment. It is also working on innovative technologies like a zero-emission gas turbine. The company is undertaking efforts to improve profitability across its portfolio. </div>

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