June 20229Layla El Hares No doubt the energy transition will reduce our dependency on hydrocarbons and through technology we can lower costs and improve our carbon captureon people's lives. Not only are the recent price spikes increasing people's energy bills, but are also adding to inflation and raising the price of household goods. For families on low incomes around the world this can have severe and long-lasting affects.As a result, energy security is increasingly becoming a real issue for many countries around the world. Aside from this global impact, oil and gas challenges are many and varied. However, they can be addressed through innovation, resilience and human capital. Despite these challenges that often arise, I sleep well because I know that we, at Siemens Energy, have the right technologies and expertise to address them. We work alongside our customers and partners to create the solutions of today and innovate the technologies of tomorrow to ensure that as we progress through the energy transition, we are ready to tackle any challenges that arise. Siemens Energy's technologies are used in around one sixth of all electricity generated. We have a global team of more than 91,000 dedicated employees across 90 countries. Together, we're responsible for meeting the growing energy demand while ensuring our climate is protected. We strive for sustainability in our decarbonization journey, innovation centered on future technologies, and transformation among future focused offerings, portfolio and mindset. That is what reassures me when it comes to facing challenges. This is how we shape the energy of tomorrow.
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