Electricity- the future of the energy system
The world of energy has undergone tumultuous change lately, and consumers are faced with higher expenses as a result. Not only has the price of gas skyrocketed, but carbon prices have hit all-time highs. Electricity prices have also suffered hikes, a challenge to those wishing to implement greener changes within their business. However, the future of electricity needn’t be so bleak.
Rapid reduction in the costs of technology means that the production of renewable power and electricity storage at large scale is now easier than ever. This is good news for the future of electricity prices. Also, the reduction targets for CO2 emissions are increasing and pushing up carbon costs related to energy generation, so the cost of using fossil fuels is increasing.
With electricity likely to dominate the future energy system, many feel that now is the right time to invest in renewable energy. For a business looking to reduce its carbon footprint, switching from fossil fuel based energy sources to electricity can dramatically cut CO2 emissions. By recycling thermal energy, our HighLift heat pumps can lower harmful emissions, thus reducing carbon costs and make energy recycling profitable. Embracing innovative, climate friendly solutions appears to be the best way to allow businesses and industries to prosper, and given the current energy situation, there’s no better time than to start the journey to greener energy now.
Olvondo Technology to present at Green Industry Day
On the 31st March, in Bergen, LOS Group will be presenting their innovation and technology solutions for a greener Norway. At the event, Olvondo Technology will be speaking about their revolutionary heat pump technology and how it can contribute towards reaching climate goals within industry.
Olvondo Technology cooperation with energy giants Iberdrola
A press release featuring news of the cooperation between Olvondo Technology and one of the largest energy companies in the world, Iberdrola, is now available. It outlines how the Spanish energy giants and Olvondo Technology plan to establish a reference plant for industrial heat pumps, with the aim of demonstrating how HighLift heat pump technology can help decarbonise European industry.
Click on the link below to read the press release (Norwegian):
Olvondo cooperation with Iberdrola
Olvondo Technology to present at High Temperature Heat Pump Symposium
Join us at the High Temperature Heat Symposium in Copenhagen, 29-30th March, where we will be presenting our industrial heat pump technology. The event is an opportunity for those within the high temperature heat pump community to communicate, share and exchange ideas surrounding HTHP systems.
Olvondo Technology featured on Energi24.no
Norwegian industry news website Energi24.no interviews Olvondo Technology’s CEO Stefano Vittor and gains insight into the high temperature heat pump technology offered by the company. The article is available at the link below: