International Partnerships Fueling Energy Transition Innovation
- As the United States continues its expansion in fossil fuels, other countries are pursuing energy transitions.
- these partnerships not only offer an chance to amplify the gains from local energy transition initiatives, but also to foster joint innovation.
- This is notably the case with the Horizon Europe project established by the European Commission.
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.