“To achieve carbon neutrality, increasing renewable energy sources like wind and solar power is important, but every country has different climate conditions. There are ways to contribute to carbon neutrality in any environment. And that is by applying technologies that boost energy efficiency.”
Peter Terwiesch, President of the Process Automation Business Area at ABB, responded as such to the question, “How can companies achieve carbon neutrality in Korea, where the conditions for renewable energy generation are not as favorable as in European countries?” during an interview with the Chosunilbo on June 28. “Expanding renewable energy and CCS (carbon capture and storage) technology along with improving energy efficiency is very important for carbon neutrality,” he said. “You need to have the right mix of all three, without leaving any out.”
ABB is a Swiss industrial group that offers companies a wide range of products, systems and integrated solutions for automation, electrification and digitalization. Founded over 140 years ago, ABB was the first company to introduce electrically powered railroad technology so that trains could easily climb the steep mountains of Jungfrau, Switzerland’s largest tourist attraction. ABB produces electrical control systems, marine propulsion systems and robots at its 177 factories around the globe. The company invests $1.3 billion annually in research and development. ABB’s revenue reached $32 billion (44.5 trillion won) last year.
ABB mainly focuses on developing technologies and products that help companies become more energy efficient. “The best way is to ‘use less,’” Terwiesch said. “Every day, new technologies for energy efficiency are being developed, and as these technologies become more widespread, carbon neutrality will be achieved faster.”
A few months ago, ABB developed a new propulsion system for large ships shaped like a whale’s tail. This system is highly energy-efficient because it can turn in tight spaces and has a low-carbon electrical system, cutting energy consumption by up to 22% compared to traditional propulsion systems. “Methods to improve energy efficiency vary depending on the industry and the company’s size, so it’s important to consider multiple methods and combine as many as possible,” he added.
But with the recent economic downturn, many companies have become reluctant to invest in costly energy-efficient equipment and systems. “Energy efficiency is a ‘win-win’ for businesses and the environment,” said Terwiesch. “Most companies that invest in energy efficiency and automation are seeing a return on their investment within two to three years.
