Ansaldo Energia's commitment to Azerbaijan Fabrizio Fabbri, CEO Ansaldo Energia After a thirty years' experience in the Energy and Oil & Gas sector, in March 2023 I was appointed Chief Executive Officer of Ansaldo Energia, a major, multi-regional player in power generation and energy transition with over 170 years of history. Our core business is the development and production of thermal rotating machinery, generators, and service. We also cover nuclear, high-efficiency electrolysers development and distributed electrical generation. Ansaldo Energia Group's main shareholder is CDP Group, a national promotional institution that has been supporting the economy and development of Italian industry since 1850. Ansaldo Energia is committed in the construction of new 1,280-megawatt power plant built on the territory of the Azerbaijan Thermal Power Station located in the city of Mingachevir. This will increase efficiency, allowing the saving of 800 million cubic meters of gas and avoiding 2 million tons of CO2 emissions per year. Gas turbine technology is a transition enabler, allowing sustainable, reliable, and fully dispatchable energy production and supporting grid stability in front of non-programmable renewables growth. Ansaldo Energia's commitment to Azerbaijan includes long-term support and collaboration on advanced training programs, while contributing to the country's energy security and transition in the years to come. I expect the main theme of Baku Energy Forum 2024 to be the challenge to cope with global increasing electric energy demand in the years to come while pursuing and accelerating energy transition towards decarbonisation. Multi-technology approach and flexibility are the key ingredients to allow the growth of non-programmable renewables while guaranteeing grid stability and sustainable, reliable, and fully dispatchable energy production. All the market scenarios state that gas turbines have and will have a highly significant role in this path in the decades to come. Baku Energy Forum provides a great opportunity to meet with industrial and political leaders from around the world, facilitating knowledge exchange and vision sharing. From this perspective, I view Ansaldo Energia Group's participation to Baku Energy Forum as an invaluable chance to present our approach to the global challenges of energy security, affordability, and decarbonization and to share our vision with other company leaders. These meetings make it possible to establish shared guidelines, promote the adoption of innovative technologies and strengthen international collaborations. To Ansaldo Energia, it is also a highly valuable opportunity to consolidate our relations with Azerbaijan and present our industrial projects in this important country and our commitment to technological and educational cooperation in the decades to come.
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