Lorenzo Simonelli

Baker Hughes

Chairman & Chief Executive Officer

Lorenzo Simonelli is Chairman and CEO of Baker Hughes (NYSE:BKR). Baker Hughes is an energy technology company that combines innovation, expertise and scale to provide solutions for energy and industrial customers worldwide. Simonelli was named Chairman of the Board in October 2017 and has been President and CEO since the Company's creation in 2017, where he oversaw the successful merger of GE Oil & Gas with Baker Hughes Inc. Since 2013, he served as President and CEO of GE Oil & Gas. Previously, Simonelli served as President and CEO of GE Transportation, a global transportation leader in the rail, mining, marine and energy storage industries. During his five-year tenure, he expanded and diversified GE Transportation by focusing on advanced technology manufacturing, intelligent control systems, and a diverse approach to new propulsion solutions. He has also served as CFO Americas for GE Consumer & Industrial, as well as General Manager, Product Management for GE Appliances, Lighting, Electrical Distribution and Motors. Simonelli joined GE's Financial Management Program in 1994, where he worked on assignments in GE International, GE Shared Services, GE Oil & Gas, and Consolidated Financial Insurance. He currently serves on the Boards of CNH Industrial and C3.ai, Inc. Originally from Tuscany, Italy, Simonelli is a Business & Economics Graduate from Cardiff University in South Wales. He is married and resides in Houston.

Sessions With Lorenzo Simonelli

Thursday, 21 October

  • 05:30pm - 06:00pm (IST) / 21/oct/2021 12:00 pm - 21/oct/2021 12:30 pm

    Innovation Agora

    CCUS: Where are the hubs?

    Live Stream

    Carbon capture, utilization, and sequestration (CCUS) will be a key enabler of the energy transition, being crucial to reduce emissions in hard-to-abate industries and the power generation sector. The CCS and CCUS large-scale projects pipeline has grown by 40% y-o-y in 2020 with the highest project activity in the United States. Large-scale hubs such as those in the North Sea and in Texas could provide a model for capturing and sequestering large volumes of CO2 by leveraging economies of scale and proximity to offshore storage in depleted fields. What are advantages and disadvantages of these hubs? What policy and commercial support is necessary from the Government of India to jump start CCUS? What are some of the likely locations in India to start CCUS deployment? Where are the biggest cost-reduction opportunities across CCUS value chain?