Grundfos, a global leader in advanced pump solutions and water technologies has surpassed its 2023 emission reduction targets by five years and act renewable (AR) is proud to have played a pivotal role facilitating the process.
AR has been working with Grundfos for several years, guiding the global pioneer through the entire renewable energy roadmap. This achievement stems from an innovative collaboration between Grundfos and renowned German renewable energy company ABO Wind.
As part of Grundfos’ ambitious decarbonisation journey, developed in 2021, Power Purchase Agreements (PPAs) were identified as a key strategy to cover a significant portion of their emissions. AR took the lead by providing support to Grundfos,training key stakeholders on the intricacies of PPAs, identifying the optimal sourcing strategy and products, and ultimately finding a well-suited supplier and project, leading to the successful signing of the PPA.
In collaboration with LevelTen Energy, the world’s largest two-sided marketplace for renewable energy power purchase agreements and International law-firm Gorrissen Federspiel, AR supported Grundfos secure a high-value, low risk PPA offering and access renewable energy sources.
Grundfos’ strategic partnership with ABO Wind has enabled them to source 80% of their European power consumption from renewable sources. This alliance not only allows Grundfos to achieve its 2030 target of reducing Scope 1 and 2 greenhouse gas emissions by 50%, but it also positions the company as a trailblazer in the transition towards a sustainable future.
The partnership will enable Grundfos to receive clean, green energy from a wind farm in Haapajärvi, Finland, consisting of 14 Vestas turbines, which is due to be fully commissioned by the end of 2023. Grundfos has committed to sourcing its energy from this wind farm for the next decade.
Klaus E. Christensen, Lead Senior Project Manager EHS at Grundfos comments: “Grundfos is proud of having achieved a major milestone in it decarbonisation journey, reducing the majority our Grundfos carbon emission from our own European operations through the collaboration with ABO Wind. We much appreciate the competent support we have gotten from act renewable and the rest of our advisor team, leading us through the complex process of renewable energy procurement finally leading to signing a PPA.”
Rasmus Nedergaard, Managing Director of act renewable shares that “it has been an invigorating journey so far for the act renewable team working with Grundfos to surpass this significant milestone ahead of schedule. It is a testament to their dedication to sustainability and it has been inspiring to witness their unwavering commitment. We hope that this remarkable achievement ignites a spark and motivates other major corporates to take bold actions.”
Flemming Sørensen, Vice President of Europe, at LevelTen Energy comments: “We applaud Grundfos, ABO Wind, and our esteemed partner organisation, act renewable on this monumental achievement. We are pleased that LevelTen’s Energy Marketplace was able to connect these three leaders and enable them to sign a PPA in a very competitive environment.”