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Nidec ASI presents its 8 Guidelines for restarting the economy in the name of sustainability

The Group is committed to creating an electric and green future, placing the Made-in-Italy excellence of its technologies at the heart of this revolution. Nidec ASI's goal is to increase its current turnover of €400 million to €1 billion by the end of 2023, concentrating on the energy sector, mobility and industrial efficiency

Nidec ASI, the commercial platform of the Nidec Group, which has always been committed at an international level to ensuring a more sustainable economic development, has decided to elaborate some guidelines for a green restart inspired by concepts of sustainability and circular economy which focus on the transformation towards an “All Electric” world. A responsibility that the globally present multinational has been particularly aware of throughout this delicate and challenging period which has created an important sense of community.

Each of the 8 Guidelines elaborated focuses on a different aspect: renewables, energy efficiency, logistics, mobility, circular economy, digital, young people and health. They represent Nidec ASI's desire to inform everyone on how the Group is evolving (also by strengthening its R&D) and what principles and areas it is working on in order to contribute to an evolution which can no longer be delayed, creating awareness among institutions, businesses and citizens alike on the need to take climate change very seriously and restart in the wake of this crisis by acting decisively as true enablers of a green and digital future.

2016 07 18 101814"As Nidec ASI, we firmly believe that by supporting the evolution of energy, logistics and industry, it really is possible to make a difference and we are developing solutions that can reduce energy consumption by building on renewables, the sustainable movement of people and goods and on promoting greater energy efficiency, not only in the industrial sector, but also in every aspect of our lives," said Dominique Llonch, CEO of Nidec ASI and Chairman of Nidec Industrial Solutions. "The future will be electric; this is the only key for promoting a model of sustainable development. Institutions must allow this change to happen in the shortest possible time while companies currently operating in the industrial solutions market must make the technologies they produce accessible to all. An offer of quality and affordable green technologies which are also sustainable must represent the main and moral objective of the players operating in the market, and as always, we want to do our part, continuing to develop technologies such as Power Quality, at the center of hydrogen production, and BESS, which are essential for optimizing the use of renewables and represent the excellences of our Italian production facilities."

1) Renewables

Today the Energy & Utilities sector is undergoing a radical transformation which is impacting every phase of the value chain. Upstream of the value chain, we are witnessing the progressive transition from a centralized system to a much more distributed, interactive and interconnected ecosystem for the production of electricity from renewable sources. The transition towards renewable energies is in fact the most effective way to combat climate change and air pollution and, rightly so, the European Recovery Plan envisages investments to support growth of the clean energy sector. It is therefore more necessary than ever to move away from a fossil fuel economy towards an electric economy and an "All Electric" world.

Italy, a land of sun, water and wind, is starting out from an environmentally advantageous position, consequently it is desirable that institutions work with the aim of facilitating this essential change, allocating funds to the development of renewables.

Nidec ASI has understood the needs arising from the transition towards renewable energy sources, offering solutions that enable optimum usage, such as: BESS (Battery Energy Storage Systems), a sector in which the Group is a leader with more than 70 projects worldwide and over 700MWh of systems installed, microgrids, important innovations in the field of LNG (Liquefied Natural Gas) extraction and the development of the hydrogen market. Nidec technology is also present in two of the three most important nuclear fusion research centers.

2) Improving energy efficiency

A reduction in greenhouse gas emissions, but above all improved electricity consumption efficiency, must apply in every socio-economic context.

Our homes and public buildings can represent a good starting point, as highlighted by the European Recovery Plan. The adoption of innovative technologies, new low energy impact home appliances, heat pumps and photovoltaic panels that make it possible to zero energy needs, together with the renovation of buildings with the aim of achieving net-zero energy, represent the simplest and most effective solutions in this race against climate change.

Nidec Group supports the decision of the European Council, included in the latest Recovery Plan, to move in this direction, setting up over 20 research laboratories dedicated to studying how to optimize the efficiency of electric motors and drives.

In addition to houses, however, it is also essential to focus on the energy efficiency of industry, especially heavy industry. The goal, which Nidec ASI has also adopted as its own, is therefore to transform these plants to make them more efficient.

3) Diversified and digital logistics

The COVID-19 emergency uncovered a number of weak points in logistics leading to considerations useful for rethinking the approach towards a more agile, flexible, green and sustainable supply chain. In the future, those businesses which adopt enlightened procurement policies and logistics, relying on diversified zero-kilometer suppliers, located in different countries, and not only those able to offer the lowest price, will find themselves with a huge competitive advantage also in times of emergency situations.

It is precisely with a view to diversifying the supply chain that the European Union will implement the Trade Policy Review, to ensure a continuous flow of goods and services. In this scenario, Nidec ASI already has a head start, given that the Group's flagships are still the Italian factories.

Consequently, it becomes evident that it is essential for those players operating in logistics to rethink their way of seeing things, activating leaner decision-making processes, accelerating the digital transformation by making use of IoT (Internet of Things) solutions, thus strengthening the entire supply chain. Another important aspect in this transformation concerns accelerating port automation which, thanks to digitalization, will be able to significantly reduce emissions.

Connected, fast and streamlined logistics will increase the efficiency of moving vehicles, goods and even people, and will make it possible to reduce energy consumption and, consequently, also the environmental impact.

4) Electric mobility

The world of mobility, increasingly strategic for the development of all economic sectors, especially those related to the digital economy, will become 100% electric: ports, ships, cars, trains and public transport will all be connected and powered through the electricity grid.

Promoting this transformation is fundamental, partly because this is the sector where it is most necessary to reduce CO2 emissions and where the objectives set by the authorities are highest and partly to guarantee a green restart of tourism, of primary importance above all in a country like Italy, where this sector accounts for 13% of the national GDP and employs 15%-20% of the Italian workforce, thus confirming its strategic nature for relaunching the country.

Also in this case, the European Recovery Plan traces out the direction to be followed, focusing on the need to support the development of electric transport, the relative recharging infrastructure and alternative fuels.

Electric vehicles will become increasingly more popular, as they represent the most efficient option to completely eliminate emissions. This process has been going on for years, but it must also be supported through the allocation of ad hoc funds for the widespread diffusion of recharging points and upgrading of the electricity grid to ensure that during times of peak demand sudden drops in voltage are avoided that could cause blackouts in the cities and also to meet car sharing needs which will become more and more common.

Nidec is at the forefront of this sector, thanks to its Ultra Fast Charger for electric vehicles. The Group also contributes to the development of hybrid and electric buses connected via cable and wheels by making use of its knowledge of the battery market.

Maritime transport, which also contributes heavily to the emission of pollutants harmful to the air, will also have to undergo a radical green transformation. Nidec ASI was among the first players in the world to promote the adoption of solutions for electric navigation, starting with the electrification of port docks, which allow ships to turn off their engines and hook up to the electricity grid. It is in fact currently involved in a "shore-to-ship" project for the port of Genoa as well as in 8 other similar projects around Europe. The Group also offers solutions for on-board energy storage systems, such as those installed on the Seasight ferries which today navigate Norwegian waters without producing any type of pollution or noise.

5) Circular economy

A further essential pillar for an industrial restart from a green perspective follows the principles of the circular economy, an area into which huge European investments will be channeled, as envisaged by the new Circular Economy Action Plan, with particular reference to the development of infrastructures and technologies capable of optimizing waste management.

The world in which we find ourselves has increasingly scarcer resources, hence the need for effective recycling and the activation of a virtuous circle is emerging that makes it possible to minimize waste and the use of raw materials.

Nidec ASI, which invests 3% of its turnover in power electronics alone, is committed, with its research activities, to dealing with these principles, reducing the number of components in the field. A virtuous example is its VDF AFE, a new variable frequency medium voltage drive. By eliminating the transformer, it guarantees extremely high energy efficiency, it is 30% more compact and about 60% lighter than other solutions, reducing not only energy consumption and emissions but also the use of difficult to dispose of metals such as copper and iron. A particularly innovative product is also the CAplus, a new electric motor characterized by the fact that over 95% of the materials used in its construction can be recycled at the end of its service life.

6) Digital transformation

The electric and green transformation of logistics, transport and industry goes hand in hand with digital transformation, where connectivity is able to bring enormous benefits not only with a view to more sustainable development, but also in terms of quality of the services offered, safety and competitiveness of the relative industries.

In the future, for example, ports will be increasingly integrated and connected thanks to the Internet of Things, based on the extensive use of sensors, and the evolution of big data, which will make it possible to optimize the collection and analysis of the data produced, improving the traceability of goods, staff safety and sustainability.

Even the evolution of steel works is undergoing integration with new technologies, primarily wi-fi, up to a prospective vision of creating a "Steel Industry 4.0", experiments into which are already in progress. Nidec ASI's automation and system integration solutions are developed and implemented to successfully complete revamping projects, even very complex ones, with the aim of making advanced solutions, such as wireless technologies 'talk' to older technologies.

As rightly envisaged by the European Recovery Plan, investing in the process of digitalization of Italy and Europe in general (which has accelerated during this period of crisis) is therefore a priority in order to be able to bring about a real transformation in the direction of dematerialization and therefore a reduction in emissions, with consequent benefits everywhere. However, all of this requires, first and foremost, substantial investments in telecommunication networks and innovative technologies (AI, robotics, cybersecurity, data cloud infrastructure, blockchain), adequate partners and incentives, a reduction in red tape and an effective education process.

7) Engagement with young people

In the race towards a sustainable economy, it will be essential to guarantee a future for young people and engage them, given that they are increasingly more attentive to green issues. Companies and institutions must therefore target the main issues concerning sustainability at the new generations who can become the main testimonials of the urgency for a green restart.

Also in the industrial solutions sector, it will be essential to continue to attract and retain young talents who will be able to develop the sustainable innovations of the future, increasing funding for internships, also extending the time spent in companies and supporting the insurance / additional costs caused by the new safety standards, as well as investing in advanced welfare programs capable of ensuring a good work-life balance and a satisfactory training path.

With the aim of initiating a constructive dialog with young people on these issues, the idea was born to launch Nidec ASI's new social communication campaign, I WANT A GREEN FUTURE on a worldwide level, which aims to awaken everyone's consciences, starting with young people, raising awareness on the values of environmental sustainability.

8) Health

The spread of the coronavirus throughout the world has highlighted the undeniable link and interconnection between all human beings on the planet, uncovering enormous economic imbalances that still persist in different parts of the globe.

In this scenario, it is increasingly more evident how a company cannot grow and thrive in an unhealthy environment where safeguarding health is not a priority. Institutions must therefore allocate huge investments to protecting people's health.

A concrete demonstration of how the focus on people's health is crucial is given by the path Nidec has taken, also with the recent announcement of the "Nidec Health Declaration", aimed at strengthening and focusing even more on the management of employee wellbeing, and the establishment, by the Nidec Group, of a Health Promotion Committee. The Group also boasts an employee welfare program, which offers wellbeing benefits.

Nidec ASI is also committed to continuously minimizing the impact of its activities on the environment and society by adopting a vision of the future that is also "collective", and therefore takes the community into huge consideration. Recognizing that we are part of the ecosystem which surrounds us and understanding that our actions can have an impact on the territory where we operate is the duty of each and every one of us.

Nidec Industrial Solutions is the commercial platform created by Nidec Group which brings together all Nidec ASI products and services. The company designs, manufactures and installs reliable and efficient control and power systems, with particular attention to life cycle, performance and energy consumption, making it one of the world's technological leaders operating in the process of energy transition towards an "All Electric" and therefore green and sustainable future. Nidec Industrial Solutions offers customised solutions throughout the world for a wide range of industrial applications. Its reference markets are the petrochemical, traditional and renewable energy, steel, naval and industrial automation markets. The multinational is specialised in heavy duty applications in which high power and high performance are key: electric motors and generators up to 65 MW of power (87,000 HP); power electronics inverters and converters; automation and software for industrial processes; retrofitting of power plants and hydroelectric generators; integrated systems for producing electricity from renewable sources and their integration in power grids; medium and low power drives. Thanks to the acquisitions of Control Techniques and Leroy-Somer, the company is also able to offer technologies optimised for the control of motors and to develop automation solutions for specific applications, tailored to the needs of the client to provide a flexible response to each requirement.

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Transmission license exemptions grant UK offshore wind farm generators time to complete ownership transfer, says GlobalData

With the onset of COVID-19, the UK Government proposed time-bound exemptions for wind project generators in tender rounds 5 and 6 of the Offshore Transmission Owner (OFTO) regime. GlobalData anticipates that the exemption is likely to provide the developers of the projects that were impacted by the virus valuable time to execute the transfer process.

2017 04 20 114457Somik Das, Senior Power Analyst at GlobalData, comments: “With the lockdown in-situ, there was a scarcity of working personnel. Now, because the lockdowns are gradually being lifted within the UK, movement is predicted to be restrained for some time. Conventional working practices are still impacted and uncertainties looming in the near term are expected to cumulatively delay any ownership transfers.”

The Beatrice project was nearest to the end of its commissioning period, with the date set for October this year. Social distancing norms in the UK have hindered the project’s transfer, and, although things are expected to be back to shape by the end of the year, the cloud of uncertainty still looms ahead. An extension to the timeline is anticipated to bring utmost relief to the current owner.

Das continues: “In this Build-Own-Operate-Transfer (BOOT) model, the new owners after the transfer might need to rework project finances to account for any potential delay. In addition, the average monthly electricity price had been on the decline since March, and, as economic activities resume and demand normalizes, electricity tariffs are likely to improve. This tariff increase will benefit the new owners by way of improved revenues.”

to Editors

  • Comments provided by Somik Das, Senior Power Analyst at GlobalData
  • The government proposes a 12-month extension in the transfer of ownership of the 1.2GW Hornsea One Project to preferred OFTO bidder Diamond Transmission Corporation (DTC), 588MW Beatrice Project, and the 400.2MW Rampion project to Transmission Capital Partners. The transfer deadlines for Hornsea One, Beatrice, and Rampion projects are proposed to be extended to 14th January 2022, 2nd October 2021, and 27th November 2021, respectively.
  • For new offshore wind projects in the UK, the generator builds the project and can own and operate the offshore transmission system for a maximum commissioning period of 18 months without possessing a transmission license.
  • The proposal for granting an extension of the timeframe of ownership transfer, depends largely on the extent the wind project owners have been impacted by the crisis.

About GlobalData

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

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US’ proposed ITC extension to 2025 would mean more than 25% share of solar and wind, says GlobalData

The proposed Investment Tax Credit (ITC) extension is greatly welcomed by power industry associations and developers. Cost-effectiveness is better observed in these large-scale utility projects, as they achieve break-even faster - as the generation is bartered for the long term. Hence, GlobalData expects that rejection of the extension would greaty bruise the developers involved in these projects.

Somik Das, Senior Power Analyst at GlobalData, comments: “GlobalData notes that renewables (including small hydro) formed 17% of the overall installations at the end of 2019. Benefitted by the presence of tax incentives, solar PV has enjoyed a great run in the last two decades, from no presence to more than 6% of the cumulative installed capacity by 2019. When combined with the effects of COVID-19, the future growth trajectory of the solar and wind traction could be put in jeopardy without the extension.”

2017 04 20 114457Along with the ITC, an extension to the Production Tax Credit (PTC) in the current situation is likely to boost installations in the wind segment as well, which forms the majority of the renewable installed capacity in the US. The extensions are anticipated to provide a positive thrust to the wind and solar PV sectors, which together, as per GlobalData, could form around 25% of overall installations by 2025.

Das added: “The ITC has already reaped benefits as installed costs have dropped significantly since 2008. A lot of government investment comes back through tax revenues, and employment within the sector has increased multi-fold. The events around COVID-19 has set the stage to a point where an ITC extension might help provide a necessary green thrust to economic recovery.

"With the onset of the crisis, the US renewables space was forced to cut jobs. The proposals made in the Moving Forward Act has the potential to generate significant employment opportunities to revitalize the economy in the present downturn."

Notes to Editors

  • Comments provided by Somik Das, Senior Power Analyst at GlobalData
  • As a part of the proposed Moving Forward Act, the US’ House Democrats vouched for a US$1.5trillion bill to be voted on the 4th of July. It is aimed at improving infrastructure and boosting the nation's economy in the period following the COVID-19. The moving Forward Act, inclusive of the Growing Renewable Energy And Efficiency Now (GREEN) Act is, expected to expand the development of renewable energy. Allowing investments in enhanced efficiency and emissions model, the GREEN Act aims to reduce the nation’s carbon footprint.
  • The measures in the bill propose an investment of more than US$70billion to modernize energy infrastructure, an extension of the solar ITC at a rate of 30% through till 2025, promotion of green energy and energy storage projects and widespread deployment of EV infrastructure. Along with aiding an economic recovery, the bill is expected to help in bringing about a clean energy future.
  • The bill throws some sunshine on the solar sector. It proposes a 5-year extension of the solar Investment Tax Credit (ITC) at 30% through to 2025, beyond this, it would be reduced over two years. In 2026 the rate would drop to 26% then to 22% in 2027 and then drop to 10% for utility-scale and commercial solar projects. From 2028 it would be removed entirely for the residential sector. Along with this the ITC also included a direct cash payment option for recipients. Being an expected tool to aid economic recovery, the proposed extension of the ITC is greatly welcomed and cheered by industry associations and developers.
  • As a part of the proposed Moving Forward Act, the US’ House Democrats vouched for a US$1.5trillion bill. It is aimed at improving infrastructure and boosting the nation's economy in the period following the COVID-19.

About GlobalData

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

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Niramax overhauls SRF production line with new shredding technology

Waste management specialist The Niramax Group, has overhauled its alternative fuel production line with the switch to new shredding technology. The move is expected to boost capacity for the Hartlepool-headquartered organisation, by as much as 30% per year.

Previously operating a high-speed system to transform pre-sorted commercial and industrial waste into a refined SRF for use in combined heat and power plants, the Niramax development team was encountering repeated problems with machine damage, unplanned downtime and excessive wear costs.

Keen to boost the reliability, throughput and profitability of the plant, Niramax has therefore re-evaluated the marketplace and made the switch to an UNTHA XR3000 mobil-e with new XC cutting configuration.

The purchase of the energy-efficient machine follows a successful trial on the Hartlepool site, where operators put the XR to the test using their own materials.

UNTHA XR3000 mobil-e with new XC cutting configurationUNTHA XR3000 mobil-e with new XC cutting configuration

Despite the varying and often challenging nature of the input waste, the shredder was able to achieve a homogenous, on-specification <80mm SRF at a continued rate of 30 tonnes per hour. With in-built foreign object protection mechanisms, the shredder came to a stop – safely and without causing machine damage – so that any unshreddables could be safely ejected.

Elaborating on the trial, Niramax’s Managing Director, Nick Elliot said: “We soon learned that UNTHA’s clever foreign object design feature protects our operators as they don’t need to ‘enter’ the machine at any point to investigate the issue. Our machine is protected from excessive wear and potentially costly damage too.

“At the same time, we’re safeguarding the quality of our fuel and maintaining consistent throughputs, which means we can deliver clients’ expectations with ease, and further boost the capacity of our site.”

Now fully operational, the UNTHA SRF shredder is expected to achieve fuel consumption savings of up to 40%. Supplied on rubber tracks with integrated discharge conveyor and cross-belt magnet, it boasts a quick-change cutting system which provides maximum flexibility should Niramax wish to vary their in-feed processes or output specifications.

Commenting on the project, UNTHA UK’s sales director Gary Moore said: “For years, the industry has been persuaded that high speed operations are the only way to achieve impressive throughput volumes. But the production of RDF and SRF is a complex process, not least because the input materials can contain anything from chunks of metal to rigid plastics, textiles, film and more.

“High speed machines simply can’t withstand the pressures that come with processing these tricky and often unexpected wastes, which means at best they encounter continued, costly wear, if not disruptive breakdowns that soon limit the throughputs the operator seeks.

“They risk jeopardising the safety of the plant too, which can no longer be tolerated. Engineering advancements mean slower speed, high torque operations can now satisfy capacity requirements without the same downtime, environmental, financial and safety risks.”

UNTHA UK has launched a series of flexible finance packages with zero deposit and VAT deferment options – plus varied customer support programmes – to help the waste industry keep moving during the COVID-19 pandemic.

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Wind and Solar Shares 5 Year Outlook, Study Forecasts 169% Price Gains

By 2025, publicly traded companies from the solar and wind energy sectors could boast share price gains of up to 169%. This emerges from the findings of a new infographic from Kryptoszene.de. According to the results of the study, this could even be the biggest growth industry.  In contrast to the renewable energy sector, the value of the international stock index MSCI World ACWI is set to fall by up to 4.5%. 

  • Wind and solar stocks expected to grow 169% by 2025
  • Fastest growing sector
  • 80% of Germans expect growing importance of wind and solar energy

According to the authors of the study, the field of electromobility could be the second greatest beneficiary. Experts are predicting share price gains of up to 108% by 2025 for leading companies in this field. 

2020 06 05 101733

In the future, policymakers are likely to intervene more substantially to promote climate protection, while the risk of climate change still appears undervalued on the stock exchange floor.

As can be seen in the infographic, a majority of German citizens also believe in the potential of renewable energies. 59% of the population favour solar energy, while only 4% approve of coal-based electricity. 8 out of 10 of those surveyed also stated that they expect wind and solar energy to grow in importance in the years to come.

"An evaluation of Google search queries reveals a growing interest in listed companies from the wind and solar sectors," notes cryptoscene analyst Raphael Lulay. "It remains to be seen whether the price gains live up to this - though all the signs are pointing towards a longer-lasting growth trend". 
 

The full story with the infographic, facts and more statistics:

https://kryptoszene.de/wind-and-solar-shares-5-year-outlook-study-forecasts-169-price-gains/

About Kryptoszene.de

Kryptoszene.de is a news and information platform that publishes cryptocurrency forecasts, investment news, background reports, analyses and instructions for buying and trading cryptocurrencies and other assets.