Season 2, Episode 3

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Season 2, Episode 3

Deep Dive: Building Energy Resilience

Featuring Patrick Fragman and Ignacio Paz-Ares Aldanondo

The European energy crisis and the drive to achieve net-zero carbon emissions have put increased focus on energy security and resilience. Brookfield’s Ignacio Paz-Ares Aldanondo, who leads M&A for Brookfield Renewable in Europe, and Patrick Fragman, CEO of Westinghouse, discuss how to build energy resilience, where nuclear power fits in the picture of overall decarbonization and energy security goals, and where the opportunities are.

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Ignacio Paz-Ares; Managing Director, Renewable Power

Ignacio Paz-Ares Aldanondo

Managing Director, Renewable Power & Transition

Ignacio Paz-Ares Aldanondo is a Managing Director in Brookfield’s Renewable Power & Transition Group. In this role, he is responsible for investments across Europe.

Prior to joining Brookfield in 2015, Mr. Paz-Ares Aldanondo worked at Citibank as an investment banking analyst.

Mr. Paz-Ares Aldanondo holds a Law and Business Studies degree from Universidad Autonoma de Madrid.

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Patrick Fragman

CEO, Westinghouse

Patrick Fragman is President and Chief Executive Officer of Westinghouse Electric Company, a position he assumed in August 2019. Mr. Fragman brings more than 30 years of global power and energy services experience to Westinghouse.

Before becoming CEO, Mr. Fragman led transformation initiatives at ABB, a global technology leader in digital industries including electrification, industrial automation, motion, robotics and discrete automation, and power grids. As Senior Vice President of ABB’s Grid Integration Business, Mr. Fragman was responsible for an industry-leading portfolio that delivered leading power transmission systems, services, and software solutions globally.

Prior to joining ABB, Mr. Fragman spent 15 years at Alstom, a multinational leader in power generation, power transmission and rail infrastructure. While there, he held a series of significant leadership positions in Canada, China, France, and the United States, leading teams, developing project portfolios and businesses on a regional and global scale.

Mr. Fragman has been in the energy and more specifically nuclear industry throughout his career, including various industrial and energy-focused roles within the French Government where he served as Industrial, Energy and Nuclear Safety Advisor to the Minister of Environment & Land Planning. He was also a member of the board of the Institut de Radioprotection et de Sûreté Nucléaire (IRSN) from 2013 to 2015, and the representative of the French State in the Board of Elf Aquitaine Production from 1995 to 1997.

Mr. Fragman received an engineering degree from École des Mines de Paris, where he was also part of the Corps des Mines, France’s foremost technical grand corps.