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Energy Efficiency - the Unsung Hero

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Summary

The potential of energy-efficient electric motors is widely underestimated. ABB - a company Globalance currently holds in its portfolios - shows in a new study that if the more than 300 million industrial motor-driven systems currently in operation were replaced, global electricity consumption could be reduced by up to 10 percent. That’s roughly 91 percent of the annual consumption of the entire EU.

"The technology needed to help achieve these goals already exists, and even surpasses the regulatory demands." Morten Wierod, President, ABB Motion

What is it about

In an attempt to meet the Paris Agreement’s target of limiting global warming to 1.5 °C above pre-industrial levels, the EU has pledged to reach carbon neutrality by 2050 and has set two critical interim targets to achieve by 2030. Firstly, the bloc has targeted reducing its greenhouse gas emissions by 55%, while the second target will look to improve energy efficiency by at least 32.5%.

One technology that we rarely consider, but nonetheless has an undeniable presence in our daily lives: electric motors.

Why is it important

The EU’s new Ecodesign Regulation (EU) 2019/1781, will require a wide range of electric motors to meet the IE3 premium efficiency standard. By implementing the use of higher-efficiency motors, and the drives that control their speed and torque to save even more energy, the EU aims to save 110 terawatt-hours by 2030. That’s equal to the entire annual electricity consumption of the Netherlands.

The Globalance View

ABB - a Globalance portfolio-company has recently published an energy efficiency study that highlights that if the more than 300 million industrial motor-driven systems currently in operation were replaced with optimized, high-efficiency equipment, global electricity consumption could be reduced by up to 10 percent. That’s roughly 91 percent of the annual consumption of the entire EU.

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