Power autonomy has very high short- and long-term potential, due to a continuous shift towards decentralized zero-carbon electricity generation and therefore can be referred to as a main element of Core Technology. Utilities can leverage their knowledge from conventional and renewable power generation and grid operation to set up low carbon/renewable energy projects and services. Besides, utilities can add value to the construction, supply, and operation phases of biomass heat generation plants. Since utilities already use co-firing of biomass in their own combined heating plants, they are well-positioned to implement this fuel switch also at industrial players. However, business models are only attractive in the long term in selected sectors. To achieve reductions and help industrial players reduce their carbon emissions we have identified four technology clusters utilities can address.īridge Technology covers biomass for heat generation, a technology that is of high importance in the short-term in most sectors. Within those, seven sectors (iron and steel, chemical and petrochemical, non-metallic minerals, non-ferrous metals, machinery, food and tobacco, and paper pulp and printing) account for more than 85 percent of the industry’s global carbon emissions.
Carbon neutral company driver#
Thirty-four percent of all energy-related carbon emissions, the main driver of climate change, are caused by industrial processes. The accelerating transformation to a carbon-neutral industry provides utilities with the opportunity to play a key role in lowering carbon emissions and profit from new business fields. In line with the changing needs and demands of stakeholders on products and businesses as well as government agendas, companies are actively seeking to reduce their carbon footprint. Environmental regulatory frameworks are being adopted and social trends are developing towards climate-friendly consumption. Climate awareness is increasing rapidly around the globe.
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