“I am very pleased to present our new solar power system which will contribute to make our operation here at EFD Induction India even more sustainable”, said a visibly proud Managing Director Vishal Lodha who had invited a number of guests from around the world to a virtual launch and ribbon cutting.
The guest list included such dignitaries as the Ambassador of Norway to India, H.E. Mr. Hans Jacob Frydenlund, and the Director of Innovation Norway’s operations in India, Mr. Cristian Valdes Carter, as well as our own CEO and Chairman of the Board for EFD Induction India, Mr. Bjørn Eldar Petersen, along with the Vice President for our operations in Asia, Mr. Qin Song.
From his office in Norway, Bjørn Eldar Petersen mused over the vast distances between the participants, concluding that holding this launch online was yet another way to be eco-friendly.
In his presentation, Petersen talked about how our induction heating solutions contribute to less waste, less pollution and less use of both energy and resources.
“Now more than ever, it is important that we make sustainable choices so that we can help limit global warming to 1,5°C above pre-industrial levels”, he said, “and induction technology can really make a difference.”
However, although having a green technology is a good starting point, it also matters how you do business.
“That is why we are committed to integrating our environmental, social and corporate governance responsibilities into our business decisions and operation”, Petersen said, explaining how EFD Induction have chosen to focus on four of the 17 UN (United Nations) Sustainable Development Goals that are most relevant to our company and the industry we operate in.
The CEO was followed by Qin Song who talked about EFD Induction’s product development goals.
“At EFD Induction we have some great minds that always strive to make us better”, he said. “Our R&D teams constantly work to improve our products and come up with new solutions that are both cost- and energy-effective, as well as safe, durable, and help to reduce pressure on natural resources.”
“All over the world, customers have started to demand eco-friendly products, and we see how the market is increasingly concerned with our ESG commitment”, the VP said. “We welcome this, because at EFD Induction, we see sustainability not as an obstacle for business, but as an opportunity to ensure long-term growth.”
In his presentation, Vishal Lodha demonstrated how the environmental aspect was a top priority when their new state-of-the-art facility was designed. On the one hand, the building had to be functional and encourage productivity, on the other hand it had to be sustainable and energy saving.
“We have a mango orchard in the garden and inside the building we even have a living wall of plants”, he said. “A solar power system was the next natural step.”
The solar panels, which are delivered by Amplus Solar, are placed on top of the covered parking lot for electric vehicles. The capacity of this first phase of the system is 122 kWp (peak power capability). It is expected to generate 15% of the facility’s power consumption, but this will more than double next year when the second phase is implemented.
“The planned capacity of phase 2, which will be placed on the roof of our building, is 250kWp”, Lodha said. “That is half our power need.”
The Managing Director made sure to mention EFD Induction’s owners, Arendals Fossekompani – an investor that owns several energy and technology related companies.
“They have inspired and helped us to evolve our identity as a green-tech company”, he said. “We are proud to be part of their efforts to enable the transition to a green economy.”
“It is heartening to note that EFD Induction has globally adopted the UN Sustainability Goals”, Ambassador Frydenlund remarked after the presentations. “Development and deployment of affordable green energy solutions and technologies in India and Norway will have significant impact towards achieving the SDGs and fulfilling the Paris Agreement.”
The ambassador explained how Norway will allocate considerable capital over the next years towards a new Climate Investment Fund that will invest in renewable energy projects in developing countries.
“But this is not enough by itself”, he pointed out. “To succeed in reducing greenhouse gas emissions, particularly in Asia, we need to mobilize a lot more commercial capital.”
Frydenlund was therefore particularly pleased with EFD Induction’s initiative.
“The demonstration projects like this one from EFD Induction are important means for promoting green energy and contributing to green transition”, he said. “And I look forward to more such projects in times ahead.”
Coming from the Norwegian energy industry himself, Cristian Valdes Carter of Innovation Norway finds the effort to lower the carbon footprint extremely motivating.
“The common platform between Norway and India is that we both work to promote renewable energy and become independent of fossil fuels”, he said. “Norway will continue supporting India in achieving its ambitious climate goal, and net zero emissions by 2070, because pollution know no borders. Companies like EFD Induction, that take measures to be green, are the business winners of tomorrow.”
The e-launch was concluded with a virtual ribbon cutting to declare the solar power system officially opened. Now, we eagerly wait to see how it will work.