Europe’s top industrialist takes on green batteries

Zero: The Climate Race

Bloomberg

Technology, Business, Science

4.7 • 219 Ratings

🗓️ 14 November 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

You may not know Jim Hagemann Snabe by name, but he has been called Europe’s top industrialist. Snabe has held leadership positions at some of the world’s biggest companies like Maersk and Siemens. He is now a chairperson of Northvolt, Europe’s largest battery manufacturer with 4,000 employees, $55B worth of orders and the competitive edge of greener batteries.

Akshat spoke with Jim Snabe at the Bloomberg Tech Summit in London about how industrial behemoths like Maersk and Siemens can meet climate goals, whether zero-emission shipping will ever be a reality, and whether Northvolt can ever outcompete the Chinese battery industry.

Send your questions about COP to [email protected] and we’ll try to answer them from the conference.

Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit bloomberg.com/green.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Hey, it's Akshad. I'll be going to COP28 in Dubai later this month. I'd love to find a way to answer the many questions you may have of the United Nations Climate Conference. Check out the show notes for details on how to send us your questions. Thanks for listening.
0:26.9	Welcome to Zero. I am Akshatrati.
0:31.1	Big businesses have a huge role in reaching global climate goals.
0:35.6	That's why it's important to hear from the leaders of those companies about how they are actually going to meet their own targets.
0:38.4	So for this bonus episode, I wanted to share an interview I conducted last month with Jim Snobber
0:43.9	at the Bloomberg Tech Summit here in London. You probably don't know Jim's name, but he has been
0:49.7	called Europe's top industrialist and he has led some of the biggest companies in the world.
0:55.4	Between 2017 and 2022, he was the chair of shipping giant Maersk, which is responsible for
1:01.1	around 20% of global shipping. Since 2018, he has been the chair of German technology conglomerate
1:08.1	Siemens, which has more than 300,000 employees working across
1:12.6	health, transport, energy and industrial manufacturing.
1:17.2	And in late 2022, he was appointed the chair of Northfold, which has grown from a plucky
1:22.1	Swedish startup in 2015 to Europe's largest battery manufacturer today, with more than 4,000 employees and $55 billion
1:31.3	worth of orders.
1:32.3	I asked Jim about how industrial behemots like Maersk and Siemens can meet climate goals, whether
1:39.3	zero emissions shipping will ever become a reality, and whether North World can ever outcompete the Chinese battery industry.
1:52.4	Welcome to this live recording of the Zero podcast. Maybe we start with your childhood because some of what you do today is informed by your time in Greenland.
2:05.0	Well, that is correct.
2:06.9	When I was two years old, my parents decided to move the family to Greenland, of all places.
2:12.0	My father was a helicopter pilot, and we lived there for seven years.
2:16.1	So as a child, it was a wonderful environment,
2:19.1	a big playground full of snow. I remember Greenland as this cold place with incredible amount
	...

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