Earlier this month, Baker Hughes hosted its 25th Annual Meeting in Florence, Italy, welcoming a record 2,300 customers and partners from 85 countries. The event, led by chairman and CEO Lorenzo Simonelli, gathered key stakeholders from the energy sector and other industries, including mining, marine, aviation, and utilities.
Discussions centered on the pressing challenges and opportunities within the global energy landscape. With energy demand continuing to rise, particularly for hydrocarbons, participants examined strategies for enhancing energy security amid geopolitical tensions. The event also highlighted economic disparities in energy transition funding, emphasizing the burden on the Global South and the capital investment required to reach net-zero targets, estimated at $275 trillion over the next 30 years.
Sustainable Energy Development emerged as a central theme, focusing on enabling cleaner and more efficient hydrocarbons, expanding renewable energy sources, and optimizing energy use through responsible infrastructure management. Conversations explored the need for scalable solutions, digital integration, and cross-industry partnerships to drive progress in the evolving energy ecosystem.
The Baker Hughes Annual Meeting continues to serve as a critical platform for shaping the future of energy, fostering innovation, and driving collaboration across industries to ensure a sustainable and secure energy future.
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