Event provided an opportunity to explore pathways to net zero emissions
Danfoss was proud to be a sponsor of Reuters Events’ Global Energy Transition 2023, held June 7-8, at the Marriott Marquis in New York. The event provided an opportunity for Danfoss leaders to share ideas and insight with global leaders from government, energy and industry on how society can address the challenges in reaching net zero emissions.
The two-day event, attended by 750+ people, featured keynote sessions and panel discussions on the regulatory landscape, strategies, financing and new technologies for meeting the goals of the Paris Climate Agreement. The opportunity to network and connect with leaders from other industries as well as energy and public sector leadership was invaluable.
Danfoss was excited to share strategies with global leaders and emphasize that we need to ramp up efforts on improving energy efficiency and electrification if we are to curtail global energy demand and meet the Paris Agreement goal of staying below 1.5 degrees warming. Danfoss has been an industry leader in developing energy-efficient and low-carbon solutions that power, heat and cool commercial, residential and industrial facilities in a sustainable manner. As the world looks to slow the rate of global warming, Danfoss has proven and underutilized technologies that can help meet climate goals.
As part of the company’s ESG (Environment, Social, Governance) goals, Danfoss has committed to achieving net zero emissions across its global operations by 2030 and has pledged to be its customers’ partner in their own decarbonization goals. In 2022, the company achieved a 7% decrease in carbon emissions and its corporate headquarters in Nordborg, Denmark achieved carbon neutrality. Danfoss North America recently signed an agreement to purchase 75 MW of solar power from a solar farm in Texas, allowing the company to fully replace its annual electricity usage across all of its North America locations with green energy, reducing the company’s carbon footprint by 75%.
Cliff Stokes, Danfoss business development manager for electrification solutions, shared his insight and expertise on hydrogen solutions as part of the panel, “New Applications, New Demands: Building a Global Hydrogen Market.” Moderated by the Electric Power Research Institute’s Neva Espinoza, the panel also included Alex Hewitt, CEO of CWP Global; Charlotte Roule, CEO of Storengy; and Ludmila Nascimento, energy & decarbonization director of Vale. The group explored the potential of hydrogen as a clean power source and how to support its growth.
"As the world grapples with the urgent need to reduce greenhouse gas emissions and transition to a low-carbon economy, hydrogen offers a promising solution,” said Stokes. “Not only can we meet our growing energy demands, but also accelerate the shift towards a cleaner, more sustainable future for all."
“This event was a great way to demonstrate our solutions to reach net zero emissions,” said Sporrer. “We all have a stake and a responsibility in moving the world toward a cleaner and more sustainable future. Meeting and talking with other global leaders in the energy transition gave us valuable insight on how we can work together and chart our path to reach vital sustainability goals. We were proud to sponsor this event for the second year in a row.”