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Danfoss reveals potential for energy savings and emissions reduction
A new study carried out by Danfoss points out that the implementation of demand-side flexibility technologies in the European Union (EU) and the United Kingdom could result in significant annual savings of 40 million tons of CO2 emissions by 2030. This action will not It only contributes to combating climate change, but also promises a substantial reduction in social costs and residential electricity bills.
The study highlights that, with this technology, it is possible to achieve social cost savings of 10,5 billion euros annually by 2030 and 15,5 billion euros by 2050. These savings represent the majority of the cost of implementing the infrastructure flexibility on the demand side.
Response to the energy crisis and economic benefits
During the recent energy crisis, the EU and the UK invested significantly in subsidies to address the situation. Adopting demand-side flexibility technologies can strengthen the resilience of the power grid and decrease dependence on such government subsidies. Furthermore, these technologies offer the potential to save money on both a societal and individual level. By 2030, EU and UK consumers could save around 7% on their electricity bills, and by 2050, the savings could reach 10%.
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The Importance of Demand-Side Flexibility
Demand-side flexibility is essential to balance energy consumption, avoiding simultaneous peaks of high demand and low supply, especially in an energy system based on renewable sources. Deploying these technologies can decrease demand during the most expensive peak times and reduce the amount of fossil fuels in the energy mix.
In buildings, for example, Artificial Intelligence (AI)-driven technologies can save up to 20% on energy costs by combining building, climate and user data to predict heating and ventilation demand. “Super-cooling” techniques in supermarkets, for example, allow freezers to operate efficiently like a battery that stores energy and can be switched off during peak times, reducing stress on the grid and saving money.
Danfoss Study Conclusions and Future of Energy Efficiency
Danfoss' white paper, “Energy Efficiency 2.0: Designing the Future Energy System”, suggests that transitioning from a fossil energy system to a fully electrified system could reduce up to 40% of final energy consumption. Electrification, along with demand-side flexibility, plays a crucial role in this shift.
Kim Fausing, President and CEO of Danfoss, emphasizes the need to act quickly to adopt energy efficiency solutions that enable us to use less energy and the right energy at the right time. He highlights that, although solutions are available, it is necessary for decision-makers to prioritize energy efficiency and establish an appropriate regulatory and economic framework to achieve net zero by 2050.
About Danfoss and its Commitment to Sustainability
Danfoss is a pioneering company in the development of advanced technologies that aim to build a smarter and more efficient future. Specializing in refrigeration, air conditioning, heating and engine control, Danfoss is committed to providing sustainable and innovative solutions, contributing to reducing environmental impact and promoting more efficient use of energy in various areas.
This Danfoss study highlights the vital role of energy efficiency and demand-side flexibility technology in not only mitigating carbon emissions, but also delivering substantial savings at societal and individual levels, paving the way to a more sustainable future and energy efficient.
Source: Felipe Rariz – pressporter.
