The Center of Excellence for NEOM Research at KAUST presents a lecture by NEOM Energy Sector Head Peter Terium.
NEOM is a high-tech destination of the future, envisioned to have a population of 1 million by 2030, which will lead the development of technologies towards a sustainable future in the areas of energy, water, mobility and food, among others. In this lecture, Peter Terium will present an overview of the vision of NEOM, focusing primarily on the Energy sector which he leads. Peter has set an ambitious agenda to make NEOM the world’s most advanced renewable energy hub and the first at-scale fully renewable energy system.
About the speaker
Peter Terium was born in 1963 in Nederweert, the Netherlands. He studied to become a chartered accountant at the Nederlands Instituut van Registeraccountants in Amsterdam and worked at the same time as an independent auditor for the Dutch Ministry of Finance. In 1985, he became an audit supervisor at KPMG, Eindhoven, the Netherlands.
From 1990 to 2002, he worked in various senior international finance and operational positions in the packaging industry for Schmalbach-Lubeca AG, in Ratingen, Germany. Peter then joined the RWE Group in January 2003 as head of Group Controlling at RWE AG. In 2004, he became a member of the Executive Board of RWE Umwelt AG. In July 2005 Peter Terium was appointed chief executive officer of RWE Trading GmbH. His responsibilities included the merger of RWE Trading GmbH and RWE Gas Midstream GmbH into RWE Supply & Trading GmbH, of which he became chief executive officer in April 2008.
In 2009, Terium took responsibility for the integration process of Essent and was chief executive officer of the Dutch subsidiary until December 31, 2011. He was appointed deputy chairman of the Executive Board of RWE AG on September 1, 2011, and from July 2012 until October 2016, he was chief executive officer of RWE AG. As the CEO of RWE, he moved its business model away from capital intensive energy generation by creating a new company, innogy SE, operating in the uncharted world of energy management. Peter Terium now serves as the head of the Energy Sector for NEOM.