Danfoss Report: Waste Heat Could Save Europe €140 Billion Annually
What happened
A report from Danfoss found that two-thirds of global energy was wasted as heat in 2024, a figure expected to rise to 55% by 2030. The analysis states that reusing waste heat from facilities such as factories and data centers could save Europe a staggering €140 billion a year. This potential is based on 3,1000 TWh of heat dumped in 2023.
From euronews.com
Why it matters
Capturing and reusing waste heat could be a breakthrough for Europe’s energy security and competitiveness, helping reduce its reliance on gas. The report notes that governments are currently lagging in unlocking this potential, despite the massive annual savings available.
From euronews.com
Who's involved
- DanfossDanish engineering firm that produced the report on energy waste.
- EuropeContinent where the potential for €140 billion in annual savings is discussed.
- European CommissionExecutive branch of the European Union noted as needing to remove barriers to waste heat use.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- EuropeSpeculative
Europe could see annual savings of €140 billion through enhanced energy efficiency.
- Danfoss Power SolutionsSpeculative
Danfoss Power Solutions might see increased market demand for infrastructure solutions driven by European policy.