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International Partnerships Fueling Energy Transition Innovation

As the United States⁣ continues⁤ its expansion in fossil fuels, other countries are pursuing energy transitions. ‌Numerous international partnerships aim to accelerate⁣ the fight against climate change by focusing ⁢on research and⁤ innovation.

these partnerships not only offer ⁢an chance to‍ amplify the gains ⁤from local​ energy transition initiatives, but also to foster joint innovation. “quebec​ has strong policies in economic development and collaborative research. ‍However, we remain a relatively modest market, and our ⁢capabilities are as well,” says⁢ Thierry ⁢St-Cyr, CEO of InnovÉÉ, whose mission is to promote ‌these advances within ‌the electrical energy industry. Such alliances therefore provide access to larger ​funds and resources to more quickly implement novel solutions.

This​ is ⁢notably the case with the ⁢Horizon ⁢Europe project established by the European Commission. Nearly 150 countries are participating in this initiative, which is in ⁢effect until 2027⁢ and has a budget of ​approximately $140 billion. “It’s an accelerator for working directly ‌with partners who⁤ have‌ complementary expertise to create innovations that will make‍ a difference,” says⁣ Thierry St-Cyr.

He ⁢cites the Modalshift project as an example, in which Quebec is collaborating with seven European states to improve⁢ transportation ⁤networks ⁢by optimally⁢ combining different modes of transport in a sustainable and decarbonized manner. “In May, we will ⁣have⁣ a first meeting to conduct real-world ⁢tests to achieve financial efficiencies and avoid ​GHG emissions,” he summarizes.

In an uncertain geopolitical context, having trusted partners also helps ‌to bring⁤ such advances to fruition, ⁢believes L.

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