nVent Powers Up Sustainability Efforts with Solar Panel Project in Straubenhardt
At nVent, environmental stewardship is integral to how we operate. As a company, we believe that innovation, adaptability, and continuous improvement can help us protect natural resources while also creating value for our customers and the communities where we live and work.
In 2021, we set ambitious goals to reduce our greenhouse gas (GHG) emissions and increase our renewable energy consumption. Our targets were to decrease Scope 1 and Scope 2 GHG emissions by 25% and reach 20% renewable energy consumption by 2030. However, in just one year, we made more progress than we expected, and in 2022 we were proud to announce that we raised our targets.
nVent is now working towards achieving a 50% reduction in GHG emissions and reaching greater than 25% renewable energy consumption by 2030. We are confident that with our commitment to innovation and adaptability, we can achieve these new goals and help make our operations more environmentally friendly.
As a part of our commitment to expanding renewable energy use across nVent, we recently launched an ambitious sustainability project in Straubenhardt, Germany. This project involves installing 4,000 solar panels on the roof of our facility by the end of 2023, expected to generate 1.35 million KWh of renewable energy per year and save 284 metric tons of CO2e, in addition to providing savings of around $320k annually.
The renewable energy produced will be used for the nVent internal operations, including recently installed EV charging stations at the location. Powering the stations with the photovoltaic solar energy system, makes them not only environmentally friendly but also lowers maintenance costs and helps future-proof the installation.
Overall, nVent is taking an important step towards combatting global climate change by reducing our carbon emissions and increasing our green energy consumption. We believe that these efforts are crucial for protecting our planet's natural resources. We remain committed to finding new and innovative ways to make our operations even more environmentally sustainable and to create value for our customers and communities.