Peter Terwiesch

ABB

President Process Automation & Member of the Group Executive Committee

Peter Terwiesch is President Process Automation and member of the Group Executive Committee of ABB since January 2015. He joined ABB in 1994 and, among other roles, was head of ABB’s Central Europe region from 2011 to 2014 and ABB’s Chief Technology Officer from 2005 to 2011. Peter Terwiesch serves on the Board of Directors of Metall Zug AG (Switzerland) since 2010 and is designated to join the Board of Directors of Hilti Group as of April 2022. From 2006 to 2012, he served as a member of BP plc’s Technology Advisory Council. In 2013, he was nominated as Fellow by IFAC, the International Federation of Automatic Control. In 2020, Terwiesch became an executive member of the European Clean Hydrogen Alliance (ECH2A), the official EU body focused on the deployment of hydrogen technologies in Europe. He studied electrical engineering in Karlsruhe (Germany) and Strasbourg (France), holds a PhD from ETH Zurich (Switzerland), and is an alumnus of Harvard Business School‘s General Manager Program (US). He was born in 1966 and is a Swiss and German citizen.

Sessions With Peter Terwiesch

Tuesday, 8 March

  • 05:05pm - 05:30pm (CST) / 08/mar/2022 11:05 pm - 08/mar/2022 11:30 pm

    Changing the Fuel Mix: Energy transition or energy addition?

    Panel Upstream Oil & Gas
    Historically, energy transitions took decades. It took three decades for coal, oil, and gas each to attain a 10% share in the primary energy mix. For the last two decades, hydrocarbons’ share has remained about 80% globally, while consumption has increased by 40%. Hydrocarbons comprise about 65% of primary fuel for power generation today, similar to 2000. Renewables’ share has increased while nuclear’s share has decreased by about the same magnitude. Achieving net zero by 2050/2060 implies that hydrocarbons’ share in the primary energy mix will decrease to zero or near-zero in 30 years. However, decarbonization of the power sector is the only success story, emissions continue to increase in all other end-use sectors. What strategies might be implemented to accelerate the change in fuel-mix? What pathways can reduce transportation light and heavy oil use? How can we decarbonize hard-to-abate sectors? Why is enthusiasm for green hydrogen justified? What is the future of oil and gas use to 2050? How will abatement be achieved and in which sectors? Can developing countries leapfrog to carbon-free energy in a cost-effective way? Will changing fuel mix require changing lifestyles and consumer behaviors?