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A Solar Energy Boost for Romanian Porcelain

Solar panels on the roof© Innovation Norway
In a world increasingly driven by sustainability, IPEC, the renowned porcelain powerhouse, embarked on a remarkable journey. From its modest genesis in 1990, when General Director Cristian Covaciu kickstarted operations in his garage with a mere $50, IPEC has evolved into a noteworthy global player in porcelain production. Their creations grace tables in chic restaurants, find comfort in countless homes, and even find a prestigious spot on the shelves of IKEA stores worldwide. Yet, success brought its own challenges, none more glaring than the surge in energy consumption. Read more about how the Norway Grants lent a helping hand.

Making Mugs Requires Energy

Today, IPEC stands as an emblem of excellence, boasting sales of a staggering 650 million plates worldwide. Their dominance extends to Europe's mug production arena, accounting for an impressive 1% of the market share.

Yet, the ascent in energy consumption was stark - an issue that demanded immediate attention.With 300 diverse products fueling their production line, IPEC's operations devoured energy voraciously. Consequently, energy costs ballooned from 7% to a staggering 36% within a year.

A Journey to the Sun with the Norway Grants

Enter the Norway Grants. With a grant of $523,496, the Norway Grants marked a pivotal moment in IPEC's journey towards energy efficiency and sustainability. With this boon, IPEC embarked on an audacious venture, installing a photovoltaic system, poised to redefine their energy consumption paradigm.

The photovoltaic system, flaunting a 1 MV installed capacity, promised to yield an impressive 1040 MV annually. This wasn't merely a switch; it was a declaration of energy independence. Moreover, it was a beacon of hope for the environment, pledging to curtail CO2 emissions by a substantial 319 tones yearly. IPEC's commitment to sustainability was, quite literally, etched in sunlight.

A Testimonial of Triumph

Covaciu's testimony resonates with gratitude and admiration for the Norway Grants initiative. "Of all the financing endeavors we've undertaken," he declared, "the collaboration with the Norway Grants has been an extraordinary experience." Mr. Covaciu thanked Norway as a Donor State and commended Innovation Norway for their unwavering professionalism, unparalleled efficiency, and resolute fairness, granting them the highest praise.

Adding to the Norway Grants Solar Energy Portfolio

Thanks to Norway as a Donor State, IPEC is proud to announce that their clients’ cups of coffee are not onlyfunctional, but are also not harming the environment. With their advanced photovoltaic system, the company has not only saved on energy costs, but also taken a giant step towards a greener future. This success story highlights how Norway's support is making a tangible difference in fostering sustainability for businesses and the planet.

Take a look at some of the other solar investment projects facilitated by the EEA and Norway Grants:

About the Energy Programme in Romania

The Energy Programme in Romania, managed by Innovation Norway, aims at less carbon intensive energy and increased energy security, providing grants for investments in renewable energy, energy efficiency and electrification of households. The Programme financing is ensured through the EEA and Norway Grants which contribute to social and economic development in 10 European countries, including Romania.

About Innovation Norway

Innovation Norway is the Norwegian Government's most important instrument for innovation and development of Norwegian enterprises and industry. Innovation Norway supports companies in developing their competitive advantage and to enhance innovation. In Romania, Innovation Norway is managing two programmes: the Energy Programme and the SMEs Growth Programme.

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