GE has signed a framework agreement with the International Renewable Energy Agency (IRENA) to collaborate on a plan to support both climate change and energy security at the 27th Conference of the Parties (COP27) of the United Nations Framework Convention on Climate Change in Egypt.
Through this collaboration, GE and IRENA have agreed to cooperate across several specific pillars including decarbonisation, thought leadership, and adoption and sustainable use of all forms of renewable energy. Following the signing of the agreement, GE and IRENA will explore how to jointly support decarbonisation efforts in critical markets and sectors, including onshore and offshore wind, bio energy with carbon capture, utilisation and storage (CCUS), hydro, green hydrogen, energy storage, electrification, and the latest grid modernisation technologies. Both the companies plan to collaborate on identifying thought leadership, events, and knowledge exchange opportunities with strategic stakeholders and partners to promote the continued growth of the renewables sector. The companies will also consider technical cooperation, exploring collaboration on technical solutions and capacity-building that support regional and country-level stakeholders. This agreement demonstrates GE and IRENA’s commitment to achieving climate change goals while focusing on the three pillars of the energy trilemma – reliability, sustainability, and affordability.