Siemens Energy and the International Renewable Energy Agency (IRENA) have signed a partnership agreement to cooperate, facilitate, and strengthen collaboration in areas to advance the global energy transition based on renewable energy.
The two organisations will work on roadmap development prioritising 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 decarbonisation 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.
“Action to tackle climate change is a global imperative. Our best chance of success is through strong partnerships with dedicated organisations. 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 aims 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.