Danfoss – Industrial decarbonization is key to unlocking European competitiveness – Danfoss

• New paper from Danfoss provides a clear guide for industrial companies to strengthen their competitive advantage through decarbonization, electrification, and energy efficiency.
• Only one-third of the EU energy mix comes from electricity – electrification of energy demand in industry critical for driving competitiveness.
• Optimizing motor efficiency in the EU alone could save €9.5-10.7 billion in electricity costs annually while avoiding the equivalent annual CO2 emissions of up to two million European citizens.

Europe is falling behind the US and other countries on several key competitiveness parameters including productivity, energy prices, innovation, and investments. 

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