Potential offtaker

Ovako AB

www.ovako.com

Estimated electricity consumption

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Countries of production presence

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Ovako AB is a leading steel producer based in Sweden, with a rich history dating back to the early 1900s. The company has a strong reputation for producing high-quality steel products, with a focus on sustainability and decarbonisation. Ovako AB operates in the Steel Producers sector, which is a highly competitive industry that requires companies to constantly innovate and adapt to changing market conditions.

One of the key areas of focus for Ovako AB is decarbonisation. The company is committed to reducing its carbon footprint and has set ambitious targets to achieve this goal. Ovako AB is working towards becoming a carbon-neutral company by 2030 and has already made significant progress towards this target. The company has implemented a number of measures to reduce its carbon emissions, including investing in renewable energy and improving energy efficiency.

Corporate energy is another area of focus for Ovako AB. The company recognises the importance of energy efficiency and has implemented a number of initiatives to reduce its energy consumption. Ovako AB has invested in energy-efficient equipment and processes, which has helped to reduce its energy consumption and lower its carbon footprint. The company has also implemented a number of energy-saving measures, such as turning off lights and equipment when not in use, to further reduce its energy consumption.

Corporate power purchase agreements (PPAs) are another important aspect of Ovako AB's sustainability strategy. The company has signed several corporate PPAs with renewable energy providers, which has allowed it to source a significant proportion of its energy from renewable sources. This has not only helped to reduce the company's carbon footprint but has also provided cost savings and energy security.

Renewable energy is a key focus area for Ovako AB. The company recognises the importance of transitioning to a low-carbon economy and has made significant investments in renewable energy. Ovako AB has invested in wind and solar energy projects, which has helped to reduce its reliance on fossil fuels and lower its carbon footprint. The company has also implemented a number of energy-saving measures, such as energy-efficient lighting and heating systems, to further reduce its energy consumption.

In conclusion, Ovako AB is a leading steel producer based in Sweden, with a strong focus on sustainability and decarbonisation. The company has set ambitious targets to become a carbon-neutral company by 2030 and has already made significant progress towards this goal. Ovako AB has implemented a number of measures to reduce its carbon emissions, including investing in renewable energy and improving energy efficiency. The company has also signed several corporate PPAs with renewable energy providers, which has allowed it to source a significant proportion of its energy from renewable sources. Renewable energy is a key focus area for Ovako AB, and the company has made significant investments in wind and solar energy projects to reduce its reliance on fossil fuels.