Potential offtaker

Norican Group

www.noricangroup.com

Estimated electricity consumption

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Countries of production presence

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Norican Group is a leading global provider of innovative solutions for the foundry industry. The company offers a range of products and services that help foundries to improve their efficiency, productivity, and sustainability. Norican Group is headquartered in Denmark and has operations in more than 30 countries around the world.

The company operates in the General Purpose Machinery sector, which includes a wide range of machinery and equipment used in various industries. Norican Group's products and services are specifically designed for the foundry industry, which is a key sector for the global economy. Foundries produce metal castings that are used in a wide range of applications, including automotive, aerospace, construction, and many others.

Norican Group is committed to decarbonisation and reducing its environmental impact. The company has set ambitious targets to reduce its carbon footprint and increase its use of renewable energy. Norican Group is also working with its customers to help them reduce their environmental impact and improve their sustainability.

One of the key ways that Norican Group is reducing its carbon footprint is through the use of renewable energy. The company has invested in a range of renewable energy projects, including wind and solar power. Norican Group is also exploring the use of other renewable energy sources, such as geothermal and biomass.

In addition to investing in renewable energy, Norican Group is also implementing a range of energy efficiency measures. The company is upgrading its facilities to improve their energy efficiency and reduce their energy consumption. Norican Group is also working with its suppliers to improve the energy efficiency of its products and services.

Another important aspect of Norican Group's sustainability strategy is corporate power purchase agreements (PPAs). Corporate PPAs allow companies to purchase renewable energy directly from renewable energy providers. This helps to support the development of new renewable energy projects and reduces the company's reliance on fossil fuels.

Norican Group has signed several corporate PPAs with renewable energy providers around the world. These agreements allow the company to purchase renewable energy at a fixed price, which helps to reduce its energy costs and improve its sustainability. Norican Group is also exploring the use of virtual PPAs, which allow companies to purchase renewable energy from projects that are not located near their facilities.

Norican Group is also working to improve its corporate energy management. The company has implemented a range of energy management systems and processes to monitor and control its energy consumption. Norican Group is also working with its employees to raise awareness of energy efficiency and encourage them to adopt more sustainable practices.

In conclusion, Norican Group is a leading provider of innovative solutions for the foundry industry. The company is committed to decarbonisation and reducing its environmental impact. Norican Group is investing in renewable energy, implementing energy efficiency measures, and signing corporate PPAs to support the development of new renewable energy projects. The company's sustainability strategy is helping to improve its competitiveness and support the transition to a more sustainable global economy.

✓ Science Based Targets member
✓ Declared Net Zero commitment