IRENA, Siemens Energy inks agreement to advance the global energy transition
The International Renewable Energy Agency (IRENA) has announced that it has signed a partnership agreement with Siemens Energy targeted at advancing the global energy transition. Under the agreement, the organisations will reinforce collaboration on the application of technology to advance and expand the transition to renewable energy globally.
The comprehensive scope of collaboration extends to a variety of opportunities comprising developing the business case for green hydrogen as a major contributor to deep decarbonization, advancing joint efforts to encourage heat generation and industrial processes, decarbonizing hard to abate industries such as cement, steel, and petrochemicals, and enabling private sector investment in the renewables sector.
IRENA and Siemens will also exchange knowledge and expertise on renewable electrification, comprising the development of roadmaps that prioritize communities and regions at present lacking access to modern 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," said Francesco La Camera, Director-General of IRENA. "This public-private initiative is representative of a shared vision for a low-carbon energy future and a joint commitment to meaningful action."
"This partnership leverages and amplifies both of our organizations' strengths to accelerate the energy transition," said Christian Bruch, CEO of Siemens Energy. "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," he continued. "The energy transition is a considerable challenge which requires great change but offers significant potential."