Mads Clausen founded Danfoss in 1933 in his parents' farmhouse in Nordborg, Denmark, and since then, the business has managed to grow into one of the world's leading suppliers of innovative, energy-efficient solutions, best known as a producer of components within the hydraulic off-road vehicle industry and more specifically refrigeration.
Two years ago, the company announced their goal to be carbon-neutral and signed up for the Science-Based Targets initiative.
To achieve this lofty goal, Danfoss has been utilizing carbon-neutral electricity for all its locations in Denmark and Germany through a Power Purchase Agreement (PPA), which has delivered 25% of the group's total electricity consumption over the last year.
On top of altering its energy source, the company is also currently focusing on energy efficiency.
"The world is going in an exciting direction, focusing on one of three key areas: air quality, limiting fossil fuel-based energy, or assessing climate targets again. It fits very well into the company's core DNA," says Jonas Loholm Hamann, Business Process Expert at Danfoss.
The company has been optimizing the energy contained within its production processes and offices, focusing on waste heat in the past five years.
Installing this kind of system is an excellent way of decarbonizing while keeping the costs relatively low. It also has the potential to provide heat that is cheaper for customers. Danfoss is currently running this system through its facilities and projects in Denmark, China, and the UK.
