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Cleantech is<br />

a gold mine<br />

Political initiatives have<br />

been launched in Denmark<br />

to help the cleantech<br />

industry to prosper<br />

– but investment expert<br />

Gregers Kronborg would<br />

like to see more initiatives<br />

to exploit the industry’s<br />

growth potential.<br />

By: Marianne Sommer<br />

The Danish cleantech industry is a<br />

goldmine, but in order to fully exploit<br />

its potential , political initiatives<br />

should be introduced which<br />

make it even more attractive to invest<br />

in the industry, thinks investment<br />

expert Gregers Kronborg.<br />

“The government deserves<br />

praise for starting to address the<br />

industry’s challenges concerning<br />

growth. Two new initiatives<br />

have been introduced: a tax credit<br />

scheme and the opportunity to take<br />

up growth loans. It signals that the<br />

industry’s challenges are being acknowledged,”<br />

says Kronborg.<br />

The investment experts thinks<br />

however that more can be done politically<br />

to optimise the industry’s<br />

THE DANISH ENERGY INDUSTRIES FEDERATION – SpEcIAl ADvERTISING SUpplEmENT<br />

growth potential. There is a twofold<br />

challenge: one is that the time<br />

it takes from investment to return<br />

on investment is long, needs capital<br />

and is risky. The other is that other<br />

countries offer tax credits, growth<br />

loans and other schemes which are<br />

more potent than those offered in<br />

Denmark.<br />

The UK, US and France give tax<br />

benefits, subsidies and low-interest<br />

loans to research and development<br />

conducted by companies. Investors<br />

also gain tax benefits when they invest<br />

in cleantech, which provides a<br />

financial motivation.<br />

“Competition for knowledge-intensive<br />

jobs is tough. An increasing<br />

number of countries are cultivating<br />

their cleantech industry and creating<br />

attractive environments for<br />

research, development and production.<br />

Denmark has a range of benefits<br />

which provide the basis for the<br />

development, production and utilisation<br />

of tomorrow’s <strong>energy</strong> systems.<br />

We must make sure that we<br />

translate these benefits <strong>into</strong> additional<br />

growth by strengthening our<br />

status as an international cleantech<br />

powerhouse.” ·<br />

More political initiatives<br />

should be introduced to<br />

make the cleantech industry<br />

more attractive to<br />

invest in, thinks co-owner<br />

of Northzone Venture,<br />

Gregers Kronborg<br />

COO Claus Andreasson<br />

from Burmeister &<br />

Wain Energy (BWE).<br />

Green teChnoloGy<br />

equAls Green Growth<br />

Denmark is number one in<br />

the world when it comes to<br />

power generation efficiency<br />

at coal-fired power stations<br />

and producing heat by<br />

means of pure biomass and<br />

a mix of biomass and fossil<br />

fuels. This means money<br />

in the public purse and a<br />

greener Globe.<br />

BWE holds three world records<br />

that makes Earth a greener place<br />

and helps global growth. The<br />

records have to do with the efficiency<br />

of power stations, and<br />

the company has developed a<br />

unique technology that provides<br />

Denmark with the most efficient<br />

power stations in the world. The<br />

technique also represents a lead<br />

in terms of producing heat by<br />

means of a mix of biomass and<br />

fossil fuels or by the help of biomass<br />

only. This is a valuable export<br />

item, observes COO Claus<br />

Andreasson from Burmeister &<br />

Wain Energy (BWE). He says:<br />

“Today around 40 per cent of<br />

the world’s power production is<br />

based on coal, and this type of<br />

<strong>energy</strong> will be with us for many<br />

decades to come. So what we<br />

must do is to optimize the utilization<br />

of coal until we’ve developed<br />

more green solutions.”<br />

“According to figures from<br />

2010, the average efficiency of<br />

the world’s coal-fired power stations<br />

is 30%. In Denmark, we<br />

have Nordjyllandsværket power<br />

station, which efficiency is<br />

47%. If the entire world decided<br />

to replace their coal-fired power<br />

stations with Danish ones,<br />

the world’s total CO2-emissions<br />

would drop by 33%.”<br />

Biomass means independence<br />

The transition to green types<br />

of <strong>energy</strong> is reflected in the<br />

company’s development of the<br />

world’s largest multi-fuel boiler.<br />

This boiler can produce power<br />

and heat by the help of both biomass<br />

and fossil fuels. By generating<br />

<strong>energy</strong> by means of power<br />

station boilers capable of utilizing<br />

pure biomass, the emission<br />

of C02 is reduced to zero. Claus<br />

Andreasson adds:<br />

“What really occupies minds<br />

in Europe is how we can become<br />

independent of foreign <strong>energy</strong><br />

suppliers, and biomass such as<br />

straw and wood chips are good<br />

alternatives. Many countries<br />

don’t have coal themselves, but<br />

biomass is something you can<br />

find in most countries. And why<br />

would you burn straw in the<br />

fields if you can use it for producing<br />

<strong>energy</strong>?”<br />

Burmeister & Wain Energy A/S<br />

www.bwe.dk<br />

member of the<br />

B.p.A. Group

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