May well 10, 2023
Settlement marks yet another milestone towards motivation to decarbonize functions by 2030
With an eye towards reaching their worldwide decarbonization targets, Danfoss North The united states not long ago signed a power purchase settlement with CIG Capital, a U.S.-primarily based job financing firm, to purchase about 75 MW of solar energy from a solar farm in Texas, starting in 2025. The original settlement expression is 12 a long time, making it possible for Danfoss to totally replace its yearly electrical power usage in North The usa with green power by at least 2037.
The new agreement will present Danfoss with environmentally friendly certificates, signifying that they are giving the North American electrical grid with the comprehensive volume of inexperienced electrical power wanted to electrical power all 24 factories and 36 areas in North America, and will cut down Danfoss’ carbon footprint in the location by 75%.
Soren Revsbech Dam, Head of ESG and Decarbonization, World-wide Expert services Real Estate, at Danfoss claims: “As part of our ESG aims, Danfoss has dedicated to achieving carbon neutrality across our global operations by 2030. This settlement to protected environmentally friendly electrical power for our North The united states functions will minimize our world wide emissions by 21%. This is not only a substantial phase in our journey to getting carbon neutral, but it also demonstrates that we are significant about putting sustainability at the heart of our company.”
CIG Funds will be setting up the six sq. mile farm in the panhandle region of Texas. Groundbreaking is scheduled for November of 2023, with the farm turning into thoroughly operational by the spring of 2025. The solar farm capability is projected to be 509 MW of photo voltaic electric power, of which Danfoss will make use of 15 %.
The upcoming aim for Danfoss in its decarbonization journey will be on decreasing and reusing vitality across its North The us destinations, employing various Danfoss technologies, these as oil-absolutely free, variable-pace compressors and other heating and cooling methods that help warmth recovery and energy performance.
Rick Sporrer, President of Danfoss North The united states says: “Danfoss is fully commited to enjoying a top job in the strength changeover. Conference our ESG targets and living up to our dedication to beat local climate transform indicates developing ground breaking remedies.”
As aspect of the Science Dependent Targets initiative (SBTi), Danfoss is fully commited to turn out to be carbon neutral in its world functions (scope 1 & 2) by 2030 and suggests it will lower its value chain emissions (scope 3) with 15% by 2030. This dedication is incorporated in the targets of Danfoss’ three move-alter initiatives on Decarbonization, Circularity, and Variety, Fairness & Inclusion.
Now Danfoss has observed development in decoupling environmental effect from enterprise advancement by offering 7% lower in scope 1 and 2 emissions though expanding 15% organically in 2022.
Moreover, the 250,000 sqm Danfoss headquarters campus web-site in Denmark became carbon neutral in 2022. Carbon neutrality was obtained by means of vitality conserving projects, utilization of extra warmth from processes and knowledge facilities, sourcing of green vitality, and offsetting residual emissions.
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