General Electric: Six companies form corporate coalition for innovation and technology towards net zero

  • Business Coalition for Innovation and Technology Towards Net Zero (CCITNZ) to partner with governments, international organizations and others in industry to help countries meet decarbonization and climate change goals.

  • Founding members include Bechtel, GE, GM, Honeywell, Invenergy and Johnson Controls.

Sharm El Sheikh, Egypt, November 8, 2022 – A coalition of six global companies today announced the public launch of the Corporate Coalition for Innovation & Technology To Net Zero (CCITNZ), a cross-industry business alliance dedicated to helping countries meet the goals of decarbonization and Achieving climate change through innovation and technology. CCITNZ has been working behind the scenes since its inception in late 2021.

CCITNZ intends to serve as an accelerator for industries across sectors and geographies to innovate and develop breakthrough technologies to achieve these goals. Founding members include Bechtel, GE, GM, Honeywell, Invenergy and Johnson Controls.

CCITNZ’s goals include:

  • Innovation and Technology: Promoting concrete, practical and cost-effective technology solutions to address emissions and decarbonization challenges;
  • Partnership: Fostering strong partnerships with stakeholders in the private, public and social sectors across international venues and forums to enable solutions that go beyond what a single stakeholder can achieve;
  • Energy security: Working with governments and other stakeholders to advance energy security, decarbonization and sustainable development requirements;
  • Politics: Support sound public policies consistent with improving environmental performance and encourage innovation; and
  • Resource: Providing expertise and thought leadership to governments and other stakeholders on technology and innovation as they seek to achieve their decarbonization and climate change goals.

“CCITNZ provides a forum and network to help develop solutions that help governments and other customers reduce emissions and meet their climate goals,” said Stu Jones, President of Regions and Corporate Relations at Bechtel. “We have a successful test case here in Egypt. The shared commitment we bring can be a resource, especially for emerging markets.”

“The ‘Implementation COP’ is the perfect place to launch CCITNZ as Egypt demonstrates how countries are delivering on promises and delivering on the commitments made at COP26,” said Roger Martella, GE’s Chief Sustainability Officer. “CCITNZ will play a critical role in advancing the technology and innovation required to reach net zero.”

“GM is proud to join CCITNZ as we work to move from commitment to action,” said Kristen Siemens, GM’s chief sustainability officer. “We look forward to strengthening our ties with this multi-stakeholder coalition as we help build the infrastructure the world needs to meet our shared climate goals.”

“We are proud to be part of the CCITNZ coalition, supporting industries and nations around the world to achieve their near- and long-term decarbonization goals,” said Ben Driggs, Honeywell’s President of Global High Growth Regions. “This initiative reflects the COP27 goal of driving meaningful action against sustainability promises made around the world and underscores the clear benefit of a cross-industry partnership in support of these goals.”

“We are living in an extraordinary time marked by an unprecedented level of focus and investment in the global clean energy transition,” said Jim Murphy, President and Corporate Business Leader of Invenergy. “Our combined impact and efforts are key to achieving global net-zero goals, and Invenergy is proud to join our CCITNZ partners and share its expertise as a leading developer of clean and renewable energy with global leaders who support our common… Sharing a vision for a sustainable world. ”

“We are at a tipping point when it comes to the health of our planet. Buildings are responsible for 40% of global greenhouse gas emissions, so it’s clear we need to act now. The good news is that there is now technology to help mitigate climate change.” Growing economies and prosperity, health and well-being for all,” said Katie McGinty, vice president and chief sustainability and external relations officer for Johnson Controls. “We at Johnson Controls are committed to working together across industries and governments to make advances on climate change that lift everyone up and work for people around the world.We are excited to amplify our efforts as a member of the CCITNZ Coalition and support its mission to bring the Driving the innovation and partnerships needed to reach net zero.”

CCITNZ members are already working together to help governments advance their decarbonization journey. For example:

  • bag: A coalition of leading energy transition companies – Baker Hughes, Bechtel, Enppi, GE Digital, HSBC, the National Bank of Egypt and Petrojet – are providing construction, technology and financing expertise to support the decarbonization of selected downstream assets in Egypt and the plans with the Plans to match the country’s leadership of the COP27.
  • GE: GE partners with Egyptian Electricity Holding Company to explore the application of carbon capture and storage, hydrogen blended fuels, upgrade solutions, and conversion from single-cycle to combined-cycle power plants. GE also recently signed an agreement to run a GE LM6000 gas turbine at the Sharm el-Sheikh power plant on a hydrogen-natural gas fuel blend. These initiatives build on GE’s strong legacy of over 45 years of contributions to strengthening critical infrastructure across Egypt.
  • honeywell: With a 60-year heritage in Egypt, Honeywell supports both public and private sector development, helping to position the country at the forefront of innovation and technology in key areas from energy to smart city development . Honeywell UOP is working with ENPPI to develop CO2 reduction opportunities at a number of Egyptian refineries. Honeywell is also the technology provider for the City Operations Center of the Egyptian government’s new Administrative Capital for Urban Development (ACUD) to optimize the efficiency and security of the new city.
  • Energy: Working across the globe, Invenergy brings clean energy innovations to life to help countries achieve decarbonization and climate change goals. Invenergy recently began commercial operations on a $1 billion liquefied natural gas (LNG) and electric infrastructure project in El Salvador. This project shifts a significant portion of the country’s electricity supply to natural gas, provides up to 30% of El Salvador’s electricity needs with clean, reliable power, and offsets 600,000 tons of carbon emissions per year. Invenergy has commissioned a first-of-its-kind hybrid solar and energy storage project in Mexico, providing the nation with clean and reliable electricity. Building on this track record, Invenergy will continue to work with governments and other stakeholders to provide affordable, clean energy and sustainable economic development.
  • Johnson Controls: Johnson Controls is the global leader in smart, healthy and sustainable buildings and was among the first industrial companies to report and commit to emissions reductions. Since 2000, Johnson Controls has helped customers save more than 35 million tons of CO2e and $7.2 billion through guaranteed energy and operational savings. The company has reduced carbon emissions intensity by more than 70% since 2002 and is committed to achieving net-zero carbon emissions by 2040 and announced science-based 2030 targets. Onsite, Johnson Controls supplied more than 130 high-efficiency compact indoor units for the COP27 venue in Sharm el-Sheikh, which are 35% more energy efficient than competing units in the region.

# # #

business area

source

Leave a Reply

Your email address will not be published. Required fields are marked *