Siemens Energy, IRENA in sustainable energy pact

Siemens Energy and the International Renewable Energy Agency (IRENA) have signed a sustainable energy partnership agreement aimed at advancing the global energy transition.

Under the agreement, the organizations will cooperate and strengthen collaboration in areas to advance the global energy transition based on renewable energy.

The 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.

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.

“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 vision for a low-carbon energy future and of a joint commitment to meaningful action,” said Francesco La Camera, director-general of IRENA.

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% 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 cooperation, a center 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.