TECO and Danfoss Sign MoU to Enhance Energy Efficiency in Asia Pacific Mining

Mining capacity needs to expand swiftly to get on track with net zero goals, according to the IEA.
Integrated motor-drive solutions will help reduce energy consumption and increase competitiveness
Variable speed operation can lead to significant energy savings of approximately 15-40%

August 13, 2024, Taipei – Danfoss Asia Pacific and TECO Electric & Machinery Co., Ltd. announced the signing of a strategic Memorandum of Understanding (MoU) to deliver integrated motor-drive solutions tailored for mining operations in Australia and Indonesia.

According to the International Energy Agency (IEA), mining capacity for critical minerals needs to expand swiftly to get on track with net zero goals. Tackling the environmental and social impacts of mineral developments will be essential, including the emissions associated with mining.[i] The partnership between Danfoss Asia Pacific and TECO leverages the combined strengths and expertise of both companies to address the evolving needs of the mining industry in Australia and Indonesia.

Australia and Indonesia play a critical role in the global supply of essential minerals, particularly those crucial for the energy transition. Recognizing the unique demands and growth opportunities within these markets, Danfoss and TECO are committed to providing optimized solutions that enhance operational efficiency and sustainability.

Under this MoU, Danfoss and TECO will collaborate to:

Offer comprehensive motor-drive packages: Combining Danfoss' leading-edge drive technology with TECO's robust and reliable motors to deliver a seamless and high-performing solution.
Expand market presence: Leverage the combined strengths and established networks of both companies to effectively target and capture new opportunities in the Australian and Indonesian mining sectors.
Conduct joint marketing and business development: Implement coordinated initiatives to promote the combined solutions and engage with key stakeholders across the mining value chain.
Provide enhanced customer support: Deliver comprehensive technical expertise and after-sales service to ensure optimal performance and customer satisfaction.

“This partnership exemplifies our commitment to providing customers with complete solutions that optimize their operations, reduce energy consumption, and increase competitiveness. By combining our expertise with TECO's, we are confident in our ability to deliver exceptional value and drive sustainable growth in the mining industry," says Krisada Phetsuksiri, Head of Asia Pacific & India Regions, Danfoss Drives.

President of TECO, Thomas Fann, says:” In response to the increasing demand for key mineral resources driven by the global energy transition, the strategic combination of TECO’s motors and Danfoss’ inverters will provide mining customers with high-efficiency and energy-saving power solutions. Specifically targeting key countries rich in lithium, copper, and nickel, such as Australia and Indonesia, TECO and Danfoss Taiwan will actively collaborate to develop green opportunities.”

This strategic partnership between Danfoss Asia Pacific and TECO marks a significant step towards providing the Australian and Indonesian mining industry with cutting-edge technologies and comprehensive support, enabling them to enhance productivity, reduce environmental impact, and achieve sustainable growth.

For more contact:

Nastasshea Jolene Rozario, Head of Marketing & Branding

Danfoss Asia Pacific Region
Phone: +6012 379 6800

Mail: nastasshea.rozario@danfoss.com

Lily Chiang, Senior Public Relations Manager
TECO Taiwan

Phone: +886 2 2655-3333

Mail: lily.chiang@TECO.com.tw

[i] https://iea.blob.core.windows.net/assets/ffd2a83b-8c30-4e9d-980a-52b6d9a86fdc/TheRoleofCriticalMineralsinCleanEnergyTransitions.pdf