Carbon price breaking records…again

This time last year prices of carbons emissions were deemed record-breaking. On the 8^{th of} February 2021 they were priced at 38.61 euros per tonne. A year on and new records have been broken. On the 8^{th of} February 2022 the price of carbon had soared to 96.93 euros, with analysts predicting a further rise to above 100 euros fast approaching. The price of emitting carbon has yet again exceeded predictions made by analysts. These price hikes are in part fuelled by a volatile gas market, but also by the EU’s determination to push for green policies.

Investing in eco-friendly technology, like the HighLift heat pump, can help businesses avoid paying the hefty costs of carbon emissions. If the past year is anything to go by, we can be sure that uncertainties lie ahead when it comes to the price of carbon. It appears it’s no longer a matter of if the price of carbon will go up, it’s just a matter of when.

Olvondo Technology’s CTO to present at EHPA R&I Committee Event

Olvondo Technology’s CTO, Tor-Martin Tveit, will be presenting at the EHPA Research and Innovation Committee’s 9^th meeting, to be held on the 23.02.2022, 10:00 to 11:45 (CET). With extensive knowledge of energy efficiency, thermodynamics, environmental engineering, and environmental impact of processes, his presentation of Olvondo Technology’s HighLift heat pump is sure to be an interesting contribution. Participants of the virtually held event will get an insight into installation examples, heat pump performance data and more.

Iberdrola Collaboration

After taking part in the Energy4Planet initiative, Olvondo Technology has successfully secured a project in collaboration with global energy leaders Iberdrola. OT was selected from amongst numerous businesses hoping to secure the opportunity to cooperate with some of Europe’s largest corporations. With support from the Regional Research Fund of Vestfold and Telemark, OT and Iberdrola will now be able to implement innovative solutions within energy. In consideration of its application, the HighLift heat pump has been acknowledged as a solution to help save industry from already high and ever-rising C02 taxes. The technology has been praised for its contribution to reducing CO2 emissions from industry.

This is a big step forward for Olvondo Technology, one that will lead to the acceleration of a greener industry, not only within Europe, but worldwide. We look forward to working alongside Iberdrola and are confident that our heat pump technology can be used to facilitate industry’s shift to greener energy.

“Put a price on carbon, nature cannot pay that price anymore”

Explicit in her intentions to curb reliance on fossil fuels, Ursula von der Leyen actively encouraged raising prices of carbon in her statement at the COP26 summit in Glasgow. In the aftermath of the UN conference EU carbon prices have hit record highs. Monday 22^nd November showed the price of carbon surge to above 71 euros per tonne, following price increases for 5 consecutive business days. This rise in carbon prices is expected to increase the price of fossil fuels.

The President of the EU Commission also pointed out that “innovation and technology is available, now we have to scale up and deploy it”. Von der Leyen rightly identified that there are readily available solutions, and now, more than ever, it’s time to use them. The HighLift heat pump can facilitate businesses looking to mitigate their CO₂ emissions. Replacing systems which rely on fossil fuels for energy with just one of our heat pumps can reduce carbon emissions by hundreds of tonnes each year. Not only does this present an opportunity for cost savings, but it’s also a significant step in the direction of shifting to a greener way of conducting business. The green shift is well underway, and it’s time to join.

En2save signs agreement with Olvondo Technology

The Danish company En2save has signed an agreement with Olvondo Technology from Norway, working as their agent in Denmark.

Olvondo Technology has developed a heat pump that can deliver very high temperatures, which enables the production of 10 bar steam. En2save is very enthusiastic about the opportunities this special heat pump technology promises. It allows industrial businesses to convert their use of fossil fuels and make the transition to a greener, more sustainable industry. The MD of En2save, Henrik Adler Nielsen, is very much looking forward to the cooperation with Olvondo Technology for the Danish market, and sees a great possibility to facilitate consumers who are ready to reach their ESG goals and SBT initiatives.