EXECUTIVE INSIGHT
to provide Ukraine with emergency equipment , along with many other companies , to keep the lights on .
It ’ s been an eye-opening experience for the whole planet that we can no longer take the grid for granted . In response , the world has said we have to really invest in energy security and the grid . Whether that ’ s cybersecurity , more extreme weather events , just the growing demand on the grid , the variability that renewables introduce has been a real driver for action here .
We ’ re working with the public sector to create strategic partnerships so that we can add capacity , grow our supply chains and deliver technology even faster so that we can meet the growing demands of energy security . The last two years have been a complete game changer when it comes to this . Energy security is a near-term driver and that ’ s driving good progress towards climate change .
Q . CARBON CAPTURE AND STORAGE ( CCS ) IS OFTEN CITED AS A CRITICAL TECHNOLOGY FOR REDUCING EMISSIONS . WHAT ARE THE KEY CHALLENGES AND OPPORTUNITIES ASSOCIATED WITH ADOPTION OF CCS AND HOW CAN IT CONTRIBUTE TO ACHIEVING GLOBAL SUSTAINABILITY TARGETS ?
» Carbon capture is a critical breakthrough technology . We ’ re trying to deliver technology this decade to make as much progress as possible . We have a category of products called breakthrough technologies that we ’ re innovating today for commercialisation early next decade
that will really move the needle when it comes to that trajectory towards net zero .
The ones that we ’ re focused on are carbon capture sequestration . Hydrogen as a fuel , small modular nuclear reactors , direct air capture – when it comes to carbon capture , both that and hydrogen work together . Hydrogen has the opportunity to decarbonise pre combustion , using clean hydrogen as a fuel with the hope of reducing emissions significantly . All of our turbines will be able to run 100 % on hydrogen by 2030 .
Then , carbon capture gives you the opportunity to capture the remaining emissions that might come out of something like a turbine . There ’ s direct air capture too , which removes excess carbon from the air . We are innovating
24 October 2024