Danfoss pledges to double its energy productivity and joins EP100
By joining the EP100 initiative launched by the Climate Group, Danfoss has committed to double its energy productivity before the year 2030. This action highlights the company’s commitment to mitigate climate change through energy productivity providing sustainable solutions for cities and companies.
“Doing business as usual is no longer sufficient. In order to meet the UN’s Sustainable Development Goal 7, and ‘ensure access to affordable, reliable, sustainable and modern energy for all’, simply put, we need to do far more with way less. The natural starting point is energy productivity: creating more economic output from each unit of energy,” says Danfoss President & CEO Niels B. Christiansen.
Globally, energy productivity increased at an average 1.3% per year worldwide between 2001 and 2011. However, this improvement is not enough to keep up with the increasing demand for energy, which causes us to continue consuming the earth’s resources at a staggering rate. Nearly 98% of all the energy used in the process of production is wasted rather than being converted into useful services and products. Doubling energy productivity would reduce the global fossil fuel bill by more than US$2 trillion and could create more than six million jobs globally by 2020. Doubling energy productivity in the US alone by 2030 will save US$327 billion a year in energy costs, create 1.3 million jobs and reduce CO2 emissions by 33% by 2030.
Leading by doing
Since 2007, Danfoss has improved its energy productivity by 60% through energy-saving projects in the 21 largest factories accounting for 70% of the total energy consumption. More than 160 technical projects have been identified, in which we use our own products to increase energy productivity and efficiency, all with a maximum payback time of three years.
For example, Danfoss drives are being installed to adjust the number of revolutions on fans and pumps; Danfoss heat exchangers are being fitted to recover the heat from compressed-air systems; and a wide range of adjustment valves, temperature sensors and pressure transmitters are also in use to drive the energy consumption down.
Damian Ryan, Acting CEO at The Climate Group, says: “Increasing energy productivity brings tangible economic benefits to businesses. This commitment from Danfoss shows that they recognize both the business opportunity of being an energy productive company and the economic rewards that arise from this. We need more businesses to follow this lead and double their energy productivity, as this will not only reduce their energy use and costs, but will also reduce their carbon footprint – a vital factor as we move forwards to a prosperous, clean energy future.”
Danfoss is just one company, however, and if we are to mitigate climate change, we must all come together in a more coordinated and cross-sectoral effort. Therefore, Danfoss is working every single day to create solutions that will enable others to increase their energy productivity too.
Find out how your company can be part of the solution: http://www.danfoss.com/smart_buildings/ and https://www.theclimategroup.org/project/ep100