Denmark Makes Energy Efficiency a Competitive Advantage  

2017.05.23

According to a new study by Damvad Analytics, Danish industrial companies are more energy efficient than their foreign counterparts.

Increasingly, energy efficiency is becoming an obvious way to reduce production costs. In Denmark, energy expenditure amounted to 7.9% of the total production value in 2014. In contrast, energy expenditure amounted to 13.4 % of the total production value in foreign companies. This was found in a new study conducted by the Danish consulting firm Damvad Analytics for the Danish Energy Agency.

The results highlight Denmark’s competitive advantage within the development and use of green energy technologies. Furthermore, the relatively low energy costs in Denmark makes the Danish business environment more robust against fluctuations in energy prices compared to abroad.

Related news: Denmark is one of the best countries for doing business

Great green business potential

The analysis conducted by Damvad Analytics also shows, that Denmark excels in green transition, specifically within the area of wind energy, district heating, bio energy, and bio fuels as well as water and energy efficiency.

“Denmark is one of Europe’s most energy efficient economies, reflecting a decade-long history of cooperation between the public and private sector in terms of development of technologies, solutions, know-how and policies within energy efficiency. Additionally, energy efficiency is seen as a win-win situation in Denmark. Improving energy efficiency will save financial resources, help protect the environment, spur economic growth through foreign Investments, create new jobs, and at the same time improve security of supply,” says Peder Bo Sørensen, Cleantech Team Leader at Invest in Denmark.

How can we help you?

If you want to know more about Denmark’s cleantech industry or doing business in Denmark, please contact Peder Bo Sørensen, Cleantech Team Leader, via mobile phone +45 2170 58581 or e-mail pedsor@um.dk.

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