Oilon, a trail­blazer in energy effi­ciency, joins ABB’s Energy Effi­ciency Move­ment

Sep 16, 2022 | General UK

  • Oilon, an inter­na­tional energy tech­no­logy company, joins the ABB Energy Effi­ciency Move­ment
  • Energy Effi­ciency Move­ment seeks to increase the aware­ness of various stake­hold­ers of the sig­ni­fic­ance of energy effi­ciency, as well as ini­ti­ate actions to develop a low-​carbon society

Oilon’s goal is to promote sus­tain­able devel­op­ment and set an example in the mit­ig­a­tion of climate change. It creates high-​quality heat pump solu­tions that are also suit­able for the most chal­len­ging indus­trial applic­a­tions to improve energy effi­ciency. In addi­tion, Oilon is a pioneer in low-​emission burner tech­no­logy with years of exper­i­ence and it has com­pre­hens­ive solu­tions for almost all renew­able liquid and gaseous fuels, includ­ing hydro­gen.

“We see the ABB Energy Effi­ciency Move­ment as an excel­lent plat­form to promote more sus­tain­able energy use and pro­duc­tion. Its goals also support our company’s purpose and busi­ness activ­it­ies,” says Oilon CEO Tero Tulokas.

“Our heat pump solu­tions have often achieved carbon emis­sion reduc­tions of almost 90%, com­pared to the baseline. Our com­bus­tion tech­no­lo­gies can reduce CO2 emis­sions from a few percent to tens of percent. At the same time, other harmful emis­sions are also sig­ni­fic­antly reduced,” Tulokas describes.

“Switch­ing to more energy-​efficient solu­tions has also been an excel­lent invest­ment for our cus­tom­ers, espe­cially in the face of rising energy prices.”

Con­sid­er­able carbon dioxide emis­sion reduc­tions achiev­able through energy effi­ciency

With 45 percent of elec­tri­city in the world being used to elec­tric motors in industry and build­ings, improv­ing energy effi­ciency is an essen­tial strategy for reach­ing the climate targets required by the Paris Agree­ment. Accord­ing to the Inter­na­tional Energy Agency (IEA), green­house gas emis­sions can be reduced through energy effi­ciency meas­ures by more than 40 percent within the next 20 years, and 50 percent of this reduc­tion will come from the indus­trial sector.

Increas­ing energy effi­ciency is, in fact, one of the most effect­ive ways to mit­ig­ate climate change. It is also a sig­ni­fic­ant factor as the sus­tain­ab­il­ity require­ments for com­pan­ies’ oper­a­tions increase and com­pan­ies seek oppor­tun­it­ies to cut the rising energy costs.

Both ABB and Oilon are com­mit­ted to the Science Based Targets ini­ti­at­ive (SBTi) to limit global warming to 1.5 degrees in accord­ance with the Paris Agree­ment. Among 3,000 pion­eer­ing com­pan­ies, the emis­sion reduc­tion targets by 2030 for the actions of both com­pan­ies follow the most ambi­tious level of the SBTi.

“Redu­cing emis­sions from our own oper­a­tions by improv­ing energy effi­ciency is a key stra­tegic object­ive for Oilon,” Tero Tulokas says.

“We have been com­bin­ing Finnish com­pet­ences in innov­a­tion with Oilon for many years already. For example, heat oil pumps con­trolled with fre­quency con­vert­ers are a sig­ni­fic­ant part of the solu­tion when build­ing a low-​carbon society. We highly value Oilon’s actions to drive energy effi­ciency, which have already been under way for 60 years, and warmly welcome them to the Energy Effi­ciency Move­ment to build a more sus­tain­able future,” com­ments Pekka Tiit­inen, Man­aging Dir­ector of ABB Finland.

The Energy Effi­ciency Move­ment launched by ABB in March 2021 assembles an eco­sys­tem that accel­er­ates meas­ures aimed at redu­cing CO2 emis­sions. The goal of the move­ment is to con­trib­ute to the mit­ig­a­tion of climate change through raising aware­ness and encour­aging actions that reduce energy con­sump­tion and CO2 emis­sions. Stake­hold­ers all over the world are asked to join the move­ment and make a public pledge as a means to inspire others to take action. Microsoft is one of the largest cor­por­ate part­ners to join the ini­ti­at­ive so far.

Oilon is an inter­na­tional energy tech­no­logy company whose products support sus­tain­able devel­op­ment by dir­ectly and meas­ur­ably redu­cing emis­sions. Oilon’s goal is to promote sus­tain­able devel­op­ment and set a good example in the fight against climate change. As a 60-​year-​old family busi­ness, Oilon wants to pre­serve the envir­on­ment for future gen­er­a­tions as well. Oilon man­u­fac­tures high quality heat pump solu­tions that are suit­able for even the most demand­ing indus­trial uses. In addi­tion, it is a pioneer in low emis­sion com­bus­tion tech­no­logy with decades of exper­i­ence. www.oilon.com

ABB (ABBN: SIX Swiss Ex) is a leading global tech­no­logy company that ener­gizes the trans­form­a­tion of society and industry to achieve a more pro­duct­ive, sus­tain­able future. By con­nect­ing soft­ware to its elec­tri­fic­a­tion, robot­ics, auto­ma­tion and motion port­fo­lio, ABB pushes the bound­ar­ies of tech­no­logy to drive per­form­ance to new levels. With a history of excel­lence stretch­ing back more than 130 years, ABB’s success is driven by about 105,000 tal­en­ted employ­ees in over 100 coun­tries. www.abb.com 

Learn more about the Energy Effi­cient Move­ment here.