Voith announces plan to be carbon neutral worldwide from 2022 onwards

pumped storage hydro

From 2022 onwards, none of the Voith locations around the world will leave a carbon footprint, the company announces. With a view to implementing carbon neutrality quickly, Voith is switching to purchasing carbon-neutral electricity in the near future and offsetting unavoidable carbon emissions with compensation measures.

According to a press release, Voith already purchases just over a third (35.4%) of its electricity needs from renewable resources. The company will gradually increase the share of renewable energies, both in its own generation and in its purchasing. Furthermore, Voith is going to invest €5 million (US$5.5 million) each year in energy efficiency, including its locations’ own generation.

“As a global technology company, we consider the efficient use of resources and energy at all locations worldwide to be part of our entrepreneurial responsibility,” said Dr. Toralf Haag, president and chief executive officer of the Voith Group. “By combining economic principles with ecological commitment, we are not only making a contribution to climate protection but are at the same time creating quantifiable added value for our company.”

Voith says energy efficiency is a key lever in achieving carbon neutrality. In its efforts at improving energy and resource efficiency at all locations, since 2011/12 Voith has saved 28% of the energy consumed, 27% of the volume of waste and 44% of fresh water (FY 18/19). Over the coming years, Voith intends to make targeted investments totaling €50 million (US$55.4 million) into improving the energy efficiency of its plant and buildings.

The Voith Group is a global technology company working in the markets of energy, oil and gas, paper, raw materials and transport and automotive. Its Voith Hydro company is exhibiting at the upcoming HYDROVISION International event, taking place July 14-16, 2020, in Minneapolis, Minn., U.S.

Last month, Voith signed a comprehensive service and operations consultancy contract for the 420-MW Gilgel Gibe II hydropower plant in Ethiopia.

Previous articleTCorp acquires interest in Canadian hydroelectric owner H2O Power
Next articleLatin America, Caribbean announce 70% renewable energy goal
The Hydro Review content team brings you the latest in Hydropower news. Learn about recent developments in the industry and stay knowledgeable in your field.

No posts to display