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Press Release25 May 2021Siemens EnergyDubai
Siemens Energy and IRENA sign sustainable energy partnership agreement
Under the agreement, the organizations will
cooperate, facilitate, and strengthen collaboration in areas to advance the
global energy transition based on renewable energy.
The wide-ranging scope of collaboration
extends to a variety of opportunities including roadmap development
prioritizing communities and regions presently lacking access to modern energy,
developing the business case for green hydrogen fuel as a major contributor for
the energy transition, jointly supporting decarbonization efforts for heat
generation and industrial processes, including hard to abate industries like
cement, steel and petrochemicals, and facilitating private sector investment in
the renewable energy sector.
“This partnership leverages and amplifies
both of our organization’s strengths to accelerate the energy transition.
Action to tackle climate change is a global imperative. Our best chance of
success is through strong partnerships with dedicated organizations. We believe
that innovative technologies are the key to combating climate change. The
energy transition is a considerable challenge which requires great change, but
offers significant potential,” said Christian Bruch, CEO of Siemens Energy.
“Partnerships are the cornerstone of
global efforts to achieve the sustainable development goals and key to the
rapid acceleration of the global energy transition. This public-private
initiative is representative of a shared a vision for a low-carbon energy
future and of a joint commitment to meaningful action,” said Francesco La
Camera, Director-General of IRENA.
Siemens Energy is a leading energy
technology company, focused on driving decarbonization. A key element of
Siemens Energy’s sustainability program, which was introduced last year, is its
target to become climate-neutral by 2030. The company aims to achieve this by
transitioning its own electricity consumption to 100 percent green energy by
2023 as well as investing in its own operations. The company’s emission
reduction targets have been scientifically verified by the renowned Science
Based Targets initiative (SBTi).
IRENA is the
lead intergovernmental agency for the global energy transformation that
supports countries in their transition to a sustainable energy future. The
Agency serves as the principal platform for international co-operation, a
centre of excellence, and a repository of policy, technology, resource and
financial knowledge on renewable energy. IRENA promotes the widespread adoption
and sustainable use of all forms of renewable energy in the pursuit of
sustainable development, energy access, energy security and low-carbon economic
growth and prosperity.
Christian Bruch (left), CEO of Siemens Energy, and Francesco La Camera, Director-General of IRENA, signed a sustainable energy partnership agreement in Dubai to drive the global energy transition based on renewable energy.
Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs more than 90,000 people worldwide in more than 90 countries and generated revenue of around €27.5 billion in fiscal year 2020.
IRENA is the lead intergovernmental agency for the energy transformation that supports countries in their transition to a sustainable energy future, and serves as the principal platform for international co-operation, a centre of excellence, and a repository of policy, technology, resource and financial knowledge on renewable energy. With 164 Members (163 States and the European Union) and 20 additional countries in the accession process and actively engaged, IRENA promotes the widespread adoption and sustainable use of all forms of renewable energy in the pursuit of sustainable development, energy access, energy security and low-carbon economic growth and prosperity.