WEBVTT 00:00:00.000 --> 00:00:00.840 Hello, everyone. 00:00:00.840 --> 00:00:04.400 I'm Rich Lesser. I'm here today with Dr. Christian Bruch. 00:00:04.400 --> 00:00:07.160 He's the president and CEO of Siemens Energy. 00:00:07.160 --> 00:00:10.560 And we're here to talk about this year's Alliance of CEO 00:00:10.560 --> 00:00:13.800 Climate Leaders report on accelerating growth in green 00:00:13.800 --> 00:00:15.680 markets. And so, it's great 00:00:15.680 --> 00:00:16.800 to be with you. Thank you for joining us. 00:00:16.800 --> 00:00:18.880 Thanks, Rich, for having me. Thanks. It's a pleasure. 00:00:18.880 --> 00:00:23.400 How is Siemens Energy using this moment to bring products 00:00:23.400 --> 00:00:27.280 and services to its clients to accelerate green growth 00:00:27.280 --> 00:00:29.480 for your own business and for your customers? 00:00:29.480 --> 00:00:31.240 Thanks, Rich. I am always struggling 00:00:31.240 --> 00:00:32.560 with the word of green growth, right? 00:00:32.560 --> 00:00:34.840 Because somewhat everything what we are doing, 00:00:34.840 --> 00:00:37.120 whether it's grids or wind turbines 00:00:37.120 --> 00:00:40.480 or gas turbine, I think you need in a sustainable and 00:00:40.480 --> 00:00:42.400 and greener energy system. 00:00:42.400 --> 00:00:44.400 What we are currently doing is expanding 00:00:44.400 --> 00:00:46.040 capacity left, right, and center, 00:00:46.040 --> 00:00:48.000 I have to say. We're roughly investing $2 00:00:48.000 --> 00:00:52.720 to $2.5 billion a year on expanding our factories 00:00:52.720 --> 00:00:55.240 or increasing productivity. 00:00:55.240 --> 00:00:58.840 And we spend around a good billion, 00:00:58.840 --> 00:01:01.600 $1.2 billion every year on R&D, 00:01:01.600 --> 00:01:03.520 new technologies and all the things. 00:01:03.520 --> 00:01:06.640 Sometimes it can be the next wind turbine generation. 00:01:06.640 --> 00:01:09.280 Sometimes it's the better gas turbine 00:01:09.280 --> 00:01:11.040 efficiency. Is that green? 00:01:11.040 --> 00:01:12.680 People would question that, right? 00:01:12.680 --> 00:01:16.840 But if you transform coal to gas, it absolutely is. 00:01:16.840 --> 00:01:20.000 And through that we try to serve the needs of our customer 00:01:20.000 --> 00:01:21.760 with a high demand 00:01:21.760 --> 00:01:24.760 and we are very committed to all our targets, 00:01:24.760 --> 00:01:26.680 which we gave on Scope 1, Scope 2, 00:01:26.680 --> 00:01:29.320 and drive our own operations greener. 00:01:29.320 --> 00:01:31.360 None of us operate alone. 00:01:31.360 --> 00:01:35.120 How have you used partnerships and work with them 00:01:35.120 --> 00:01:37.200 and inside your own organization 00:01:37.200 --> 00:01:40.720 to translate green solutions into really viable commercial 00:01:40.720 --> 00:01:43.520 propositions, and are there particular kinds of partnerships 00:01:43.520 --> 00:01:45.360 that have really been important in that journey? 00:01:45.360 --> 00:01:46.600 Look, I think the transformation is 00:01:46.600 --> 00:01:49.280 so huge in the energy sector at the moment, 00:01:49.280 --> 00:01:52.080 you cannot do it alone. That's not a question at all 00:01:52.080 --> 00:01:55.200 because you need to find also new ways of work. 00:01:55.200 --> 00:01:59.200 And we have partnerships all across the board, starting from 00:01:59.200 --> 00:02:03.600 startups, but also elements like our electrolyzer factory, 00:02:03.600 --> 00:02:05.880 right, where we produce electrolyzers 00:02:05.880 --> 00:02:09.520 for, at the end, green hydrogen is a, let's say, partnership 00:02:09.520 --> 00:02:11.480 with French company Air Liquide, 00:02:11.480 --> 00:02:13.441 which works very well and very fruitful. 00:02:14.321 --> 00:02:15.641 We have been teaming up 00:02:15.641 --> 00:02:18.721 with Breakthrough Energy from Bill Gates to 00:02:18.721 --> 00:02:21.161 drive really the Energy Resilience Leadership group. 00:02:21.161 --> 00:02:23.561 So there are a lot of things where different type 00:02:23.561 --> 00:02:24.801 of partnerships prevailed. 00:02:24.801 --> 00:02:26.881 We will continue to build on this. 00:02:26.881 --> 00:02:29.761 What I will expect going forward, 00:02:29.761 --> 00:02:32.681 we will see completely new players coming in, right? 00:02:32.681 --> 00:02:35.361 More partnerships with tech companies, more partnerships 00:02:35.361 --> 00:02:39.761 with probably more down the supply chain 00:02:39.761 --> 00:02:41.361 and down the value streams, right, 00:02:41.361 --> 00:02:44.441 in terms of making it better and making it faster. 00:02:44.441 --> 00:02:47.321 So partnership is the foundation 00:02:47.321 --> 00:02:50.161 of a successful development of 00:02:50.161 --> 00:02:51.961 of the business on the energy sector. 00:02:51.961 --> 00:02:53.401 It's a really exciting time 00:02:53.401 --> 00:02:55.761 because there's so many different ways to work with others 00:02:55.761 --> 00:02:57.521 to accelerate progress. 00:02:57.521 --> 00:03:01.241 If you had one piece of advice for CEOs 00:03:01.241 --> 00:03:04.321 and business leaders to accelerate 00:03:04.321 --> 00:03:06.081 green growth in the economy, 00:03:06.081 --> 00:03:07.681 but to drive business performance 00:03:07.681 --> 00:03:09.961 and business success, what would it be? 00:03:09.961 --> 00:03:11.841 I would say stay the course, right? 00:03:11.841 --> 00:03:14.241 I think there is so much discussion at the moment about, is 00:03:14.241 --> 00:03:16.161 sustainability turning down? 00:03:16.161 --> 00:03:18.601 Is their focus going away? 00:03:18.601 --> 00:03:20.121 I don't like that discussion as much 00:03:20.121 --> 00:03:22.521 as I didn't like the discussion about the hype when 00:03:22.521 --> 00:03:25.601 everybody was saying it's only this, right? 00:03:25.601 --> 00:03:28.841 Stay the course, execute. At the end, 00:03:28.841 --> 00:03:31.881 we have to bring things to reality and 00:03:31.881 --> 00:03:35.841 and really build something physical. Stay the course. 00:03:35.841 --> 00:03:38.201 Christian first, congrats on the great success. 00:03:38.201 --> 00:03:40.161 Thank you. And thank you for joining us. Thanks, Rich. 00:03:40.161 --> 00:03:40.961 Thanks. Pleasure.