Siemens plc has signed an exclusive multi-year agreement with Red Bull Racing as its green technology partner, working with the Formula 1 team to reduce its facilities' overall carbon footprint, energy and utility usage and ensure waste minimization and process improvements.

The contract is an extension to an existing agreement with Siemens Product Lifecycle Management (PLM) Software which provides the technology used by Red Bull Racing designers and engineers to virtually model and manage every part of the race car in the effort to shave critical hundredths of a second off lap times.

In light of the fact buildings account for 40 percent of global energy demand, and about 30 percent of this could be eliminated through improved industrial technology, lighting, insulation, controlled air conditioning and efficient heating systems, Red Bull Racing is working with Siemens to maximize its operational efficiency and significantly reduce energy usage through the improvement of building equipment, systems and processes at its manufacturing facilities.

Siemens is currently carrying out a series of audits on current manufacturing equipment and processes, building management, heating, lighting and air conditioning systems at the team's head quarters in Milton Keynes and will subsequently provide technology and solutions to implement significant energy and operational savings and improvements across the site. The key to the Siemens approach is the Operational Efficiency Audit which aims to understand the business and identify areas where efficiencies and new technologies will have a direct impact on energy savings and financial performance.

Juergen Maier, head of industry for Siemens plc, said: "We are delighted to extend our work with Red Bull Racing. Using our expertise in energy efficient products and solutions we hope to help Red Bull Racing set the pace in greener manufacturing in the Formula 1 industry. With Siemens PLM software helping the Red Bull Racing car to be as efficient as possible on the track, the new partnership will now also enable greener, efficient operations to be No. 1 off the track."

Christian Horner, Red Bull Racing Team Principal, added: "Energy Saving is currently an important topic in F1. Teams have demonstrated their commitment to reducing carbon emissions with the recent announcement of FOTA's carbon calculation and reduction program. Our new agreement with Siemens plc demonstrates our desire to reduce Red Bull Racing's factory emissions and significantly cut our company's carbon footprint - we're pleased to be able to do this with a company such as Siemens."

Siemens products and solutions helped its customers reduce their CO2 emissions by 210 million tons in 2009. In the coming years, Siemens intends to further increase the contribution of its Environmental Portfolio toward reducing customer emissions - and have set a goal of at least 300 million tons in 2011. In fiscal 2009, the Environmental Portfolio generated revenue of around EUR23 billion. Siemens provides its customers with a wider range of environmentally friendly technologies than any other company in the world.