A Solar Energy Boost for Romanian Porcelain
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:
- e-Laborator became the first furniture manufacturer in Romania to use only solar energy for its operations
- The Romanian Air Traffic Services Administration removed 150 tons/year through the Norway Grants
- Solar powering Prundu Bargaului Commune, Ocna Mures Municipality, Pitesti
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.