Power Firms from Europe, North America, Asia, and Center East, Received Honors at S&P International Commodity Insights’ twenty sixth Annual Platts International Power Awards

Winners Hailed from  Australia, Canada, France, India, Spain, Turkey, UAE, UK, and the US  

NEW YORK, Dec. 12, 2024 /PRNewswire/ — S&P International Commodity Insights, the main international impartial supplier of knowledge, insights, evaluation and benchmark costs for the commodities and power transition markets, tonight honored trade excellence in 19 efficiency classes and winners from almost a dozen international locations on the  Platts International Power Awards gala held on the Casa Cipriani South Avenue in downtown New York Metropolis.

The Awards program, now in its 26^th yr and sometimes described because the “Oscars” of the power trade, acknowledges company and particular person innovation, management, and efficiency within the power and chemical substances trade, and bestowed honors on power corporations from Australia, Canada, France, India, Spain, Turkey, UAE, UK, and the US. For a fourth consecutive yr, CNBC correspondent Kristina Partsinevelos, whose reporting seems on tv and CNBC’s digital platforms, emceed the occasion, persevering with an extended historical past of CNBC visitor hosts on the Awards gala.    

Mark Eramo, Co-President of S&P International Commodity Insights, stated: “This yr’s Awards stand on the muse of the occasion’s quarter-century historical past because the trade’s premier recognition occasion and have fun the power trade’s dedication to assembly the wants of future generations with conventional and renewable fuels, flexibility and innovation. We congratulate the winners and finalists alike, and want them continued success.”    

Spanish multinational power and petrochemical firm Repsol (OTC:) was the night’s triple winner, strolling away with Power Firm of the 12 months and the Power Transition “ Downstream Award honors, in addition to the Strategic Deal of the 12 months Award, profitable reward from the panel of impartial judges for its modernization efforts, carbon emission reductions, and strategic investments in sustainable power options. Judges pointed to its biofuels developments, producing renewable fuels from natural waste and one plant alone stopping 900,000 tons of CO2 emissions yearly and its transformation of 4,500 service stations to lower-carbon gasoline options. Repsol secured Strategic Deal of the 12 months Award for its $768 million acquisition of US renewable power platform ConnectGen, which enhanced its worldwide presence and entry into US onshore wind, with a world purpose of reaching 20,000 megawatts of put in wind capability by 2030 and being a multi-energy chief in sustainability.

Within the particular person achievement classes of the Platts International Power Awards, winners included the beneath:  

• Chief Government of the 12 months  honors went to Lorenzo Simonelli, CEO of power expertise firm Baker Hughes (NASDAQ:), with judges heralding his “transformative” management since 2017, driving the corporate towards vital emissions reductions and operational effectivity. Beneath his helmsmanship, Baker Hughes achieved file revenues of $25.5 billion in 2023 and secured $750 million in new power orders, specializing in low- to no-carbon options. Judges spotlighted Simonelli’s strategic imaginative and prescient, dedication to power transition, and talent to foster a various and devoted company tradition.
• Chief Trailblazer of the 12 months  was bestowed upon Greg Jackson, CEO of economic providers and power agency Octopus Power Group, with judges calling him a “visionary” and impressed by the expansion in his “first-mover” firm 2016 thus far, into a world clear power expertise enterprise, serving greater than seven million households throughout 18 international locations.  
• Dr. Katherine Mizrahi Rodriguez, Co-founder and Chief Implementation Officer of Osmoses, an industrial molecule separations expertise firm, obtained the Rising Star Award–Particular person, acknowledged by judges for her technical experience, dedication to range in cleantech and management in groundbreaking work in revolutionizing gasoline separation processes, which considerably cut back environmental influence.
• The Lifetime Achievement Award went to Jeffrey W. Martin, CEO of Sempra, an power infrastructure firm, for his career-long contributions to the US power trade, with judges describing him as “one of the vital revered people” within the discipline and noting his rise from West Level graduate and US Military officer to a frontrunner at Sempra Power (NYSE:), serving over 40 million shoppers. Judges have been impressed by Martin’s fast transformation of Sempra since turning into CEO in 2018 right into a high power infrastructure firm, enhancing power safety and selling a lower-carbon society. Additionally highlighted by judges was Martin’s advocacy for power transition as a governor on the World Financial Discussion board and his prior win of the Platts International Power Awards’ Chief Government of the 12 months in 2020, serving to to solidify his standing as a  “spectacular chief” within the sector.

Dave Ernsberger, Co-President of S&P International Commodity Insights, stated:  “Being an exemplary chief within the present power surroundings isn’t any small feat.” Pointing to a perspective “The period of ‘new molecule’ markets” within the occasions’ Commodity Insights Journal,  Ernsberger underscored the dedication, fortitude and innovation it takes to navigate a quickly altering power panorama, the place the future-of-energy challenges attain past the combo of typical and renewable power sources to additionally embrace emissions, power origins, and company values. “Success will go to these organizations that develop new options, perception and knowledge that align monetary incentives in a position to advance the decarbonization aims that markets, governments and shoppers demand.”  

The judges panel selected the winners of the Platts International Power Awards from finalists chosen from nominations that represented 33 completely different international locations. S&P International Commodity Insights nor occasion sponsors performed any function within the judging or number of winners.  

For particulars of the above and full roster of Awards winners of the 2024 Platts International Power Awards, entry the S&P International Commodity Insights December challenge of Commodity Insights Journal, or go to the Platts International Power Awards web site.

2024 Platts International Power Award Winners

Power Firm of the 12 months
Repsol
Spain

Chief Government of the 12 months
Lorenzo Simonelli “ Baker HughesUSA

Chief Trailblazer of the 12 months
Greg Jackson “ Octopus Power
UK

Lifetime Achievement Award
Jeffrey W. Martin – Sempra
USA              

Rising Star Award – Firm
LanzaJet
USA

Rising Star Award – Particular person
Katherine Mizrahi Rodriguez – Osmoses
USA

Deal of the 12 months – Monetary
Serentica Renewables
India

Deal of the 12 months – Strategic
Repsol
Spain

Power Transition Award – Upstream
ADNOC Offshore
UAE

Power Transition Award – Downstream
Repsol
Spain

Power Transition Award – LNG
Baker HughesUSA

Power Transition Award – Energy
Southern Firm (NYSE:)
USA

Grid Edge Award
LineVision
USA

Company Influence Award – Focused Program
Santos Basis
Australia

Company Influence Award – Complete Portfolio
Tanap Dogal Gaz Iletim
Turkey

Sustainable Award – Greatest Product
The Dow Chemical (NYSE:) Firm
USA

Infrastructure Challenge of the 12 months
Dubai and Water Authority
UAE

Business Expertise of the 12 months
Li-Cycle
Canada

Power Transition Expertise of the 12 months
Adionics
France

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Asia: Melissa Tan +¯65-6597-6241,¯melissa.tan@spglobal.com  ¯  

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