The International Renewable Energy Agency (IRENA) and global energy technologies major Siemens Energy have signed a partnership agreement with the aim of advancing the global energy transition. Under the agreement, the organizations will strengthen collaboration on the application of technology to advance and deepen the transition to renewable energy around the world.
According to a joint statement, the wide-ranging scope of collaboration extends to a variety of opportunities including developing the business case for green hydrogen as a major contributor to deep decarbonization, furthering joint efforts to promote heat generation and industrial processes, decarbonizing hard to abate industries like cement, steel, and petrochemicals, and facilitating private sector investment in the renewables sector.
Partnerships are the cornerstone of global efforts to achieve 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.
IRENA and Siemens will also exchange knowledge and expertise on renewable electrification, including the development of roadmaps that prioritize communities and regions currently lacking access to modern energy.
This partnership leverages and amplifies both of our organizations’ 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 that requires great change but offers significant potential, said Christian Bruch, CEO of Siemens Energy.