Turning waste into climate-friendly energy
Turning waste into climate-friendly energy
Turning waste into climate-friendly energy
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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