Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE

تحت رعاية صاحب السمو الشيخ محمد بن زايد آل نهيان، رئيس دولة الإمارات العربية المتحدة

Supported by

Dr. Michele Fiorentino

President, Energy Solutions

XRG

Michele
Michele

Dr. Michele Fiorentino is the President of XRG’s Energy Solutions division. He was previously the Executive Vice President of Low Carbon Solutions and Business Development at ADNOC's Low Carbon Solutions & International Growth directorate. Prior to this role he was the EVP of Strategy and M&A at Baker Hughes where he championed the company’s strategic agenda to become a leading technology company with a low-carbon offering. Dr. Fiorentino has over 25 years of experience in strategic business development in energy, manufacturing and chemicals. He is passionate about developing deep commercial relationships and creating a high-achieving, innovative and diverse culture. With a background in engineering and finance, Dr. Fiorentino is well positioned to lead energy solutions and to drive XRG’s strategic growth across energy infrastructure and low-carbon solutions in all key markets. With expertise in developing and implementing low-carbon strategies and a proven track record in managing a portfolio of international assets and partnerships, he spearheads investment strategies that balance profitability with the transition to cleaner energy. Dr. Fiorentino serves on the Board of Directors at Masdar, the UAE’s clean energy powerhouse, which pioneers clean technologies and innovative projects around the world. He also serves on the board of Storegga, a UK carbon capture and storage developer with a global portfolio of assets across Europe, USA and APAC. He holds a Ph.D. in Chemical Engineering from the University of Naples in Italy and a master’s degree in finance from London Business School.

Session Overview
Wednesday, 5 November
13:20
Global strategy ICC Hall A 13:20 - 14:00
Electrification: critical innovations for our future energy systems

Increasing electrification globally, largely driven by the adoption of electric technologies across sectors, has the potential to enhance energy efficiency, advance decarbonisation and strengthen energy security. The International Energy Agency (IEA) projects in its Net Zero Emissions by 2050 Scenario that electricity's share of total global energy demand will rise to over 27% by 2030 (from 20% in 2022).

Electrification is transforming energy systems such as transportation and heating while enabling the integration of renewable energy sources at scale. However, strategic investment is essential to ensuring adequate grid infrastructure and flexibility as is the need for critical raw materials supply and the overall optimisation of electricity system costs, creating opportunities for cross-sector cooperation and public-private partnerships to deliver a technologically and economically viable path forward. Enhancing grid interconnection is critical to strengthening overall system resilience and optimising cost efficiency, ensuring a more reliable and sustainable energy infrastructure.

Attendee insights:

Gain key insights from industry experts on how electrification drives the energy transition, unlocks technological advancements, and meets growing power demands.

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