Danes paid when using electricity - renewable energy
Helle Bank J?rgensen, GCB.D, CCB.D and NACD.DC
CEO Competent Boards. #1 Amazon Bestselling Author, Global Keynote Speaker. Thought Leader & Corporate Advisor.
I'm visiting Denmark - my birth country, where I learned to save energy and water as a child because it was very expensive. I remember having to pay a small amount to my parents if I forgot to?turn out?the lights?in a room I?wasn’t using, and we put stones in the toilet so we didn't flush as much water.
Perhaps due to the high?cost, Danes also learned to find ways to save energy and water in production facilities,?and companies?were naturally incented to?invest in renewable energy?innovation.?A great example would be?Danish Vestas,?now a?global leader in sustainable energy solutions.?As far back as?1971, Vestas started developing?wind turbines to?turn wind into electricity. (Read more about the fascinating history here:?https://www.vestas.com/en/about/this-is-vestas/history )
And then this past weekend, it happened - too much renewable energy was produced, resulting in normal Danes getting paid for doing a wash, tumbling clothes or getting their?electric car recharged…or leaving the lights on!?The strange pricing situation might only be due to a long weekend. Still, this scenario opens up many business opportunities and risks - or at least to start thinking differently.?
When batteries can store the excess renewable energy, we will probably not be paid for using it - but by harvesting the wind and sun,?it will certainly be cheaper if not free.
领英推荐
What will such a scenario mean for your business? Will your products be?more cost-effective?to produce? Think about competing technologies or products that so far haven't been viable because they were too energy?intensive. If the?cost of energy?doesn't need to be embedded into those or future products, will they outcompete your products??
I would appreciate your thoughts on the impact on your business or life if renewable energy was abundant and?inexpensive or?free.?Please also think about what solutions could be available to those who do not?currently?have access due to high energy prices. What energy-intensive technologies?could solve some of the world's biggest challenges?in this scenario?
Welcome to a new world of opportunities!
Wow, your experience and thoughts resonate deeply with the journey towards sustainability! ?? Benjamin Franklin once said - Energy and persistence conquer all things. In a world where renewable energy is abundant and affordable, businesses could revolutionize their operations, leading to a greener footprint and fostering innovation. ???? It encourages individuals to become not just consumers but active participants in a sustainable future. Let's inspire and lead the change together! #RenewableRevolution #SustainableFuture #Innovation ??
Presidencia en EMPRESAS DE CONSTRUCCION, ROJILO S.A. DE C.V.
1 年Hello Helle. The use of renewable energy and education in its rational use would favorably impact the inhabitants of social housing developments. The prices paid for gas and electricity consumption would be practically zero. And the cost of the equipment is reduced if, from the design of these communities, it is considered to reduce the electrical infrastructure and domestic and storm drainage. I invite industrial designers to make proposals for housing equipment that help reduce the costs of water and energy consumption. Greetongs from Mexico.
Colonel at Botswana Defence Force
1 年One of the major impediments to business especially small businesses is the cost of utilities and I can imagine if it were to be totally managed . Life would change over night for many youths unemployed in Africa and elsewhere
CEO | Director | Consultant | Entrepreneur | Advisor | Mentor | EXPERTISE: Business Strategy, Sustainability (UNSDG/ESG/DEI), Culture, Innovation, Organization Design, Change Management, Leadership
1 年Hej Helle, Tak fordi du startede denne vigtige samtale. ?? If renewable energy became abundant, inexpensive, or even free, the impact on businesses and daily life would be revolutionary. From a business standpoint, companies would experience a significant reduction in operational costs, as energy expenses often constitute a substantial portion of their budgets. This would enable businesses to allocate resources towards other critical areas such as research, development, and expansion. We all need to do our part to make this a reality. For example; in my business we are turning forestry biomass waste into #BIOGraphite to support EV Battery Manufactures in their supply chain needs, to enable the transition to electromobility. The many upsides are: GHG Avoidance from Mining, Net Negative (Climate Positive) Plant run on Renewable Energy and Carbon Capture creating High-value Carbon Credits supporting hard to abate industries in lowering their overall emission profile. NanoTerraTech If you'd like to know more, I'm happy to share this good story with anyone who is willing to open their mind about how things can be PPP. H?ber at tale med dig snart Helle! ?? Hilsen fra Connie Ekelund
Business Leader | Board Professional, Regulatory-Adjudicatory | Provincial Government | SME in Engineering, Science-Technology, Energy, Healthcare, Academia, Community, Management Consulting | ESG, Sustainability
1 年Thank you for your very insightful writeup on the "Future of Energy'. A lot has certainly changed in your home town and much more to follow. Looking beyond the present day, we have challenging opportunities integrating energy into climate action. One such example of another discussion is : https://www.youtube.com/watch?v=5La8D1vp3g0 Hope you enjoy the video and happy to hear your thoughts.