Renewable energies megatrend
Renewable energies are integral to tackling the biggest challenge of the 21st century: climate change. With its products, Phoenix Mecano is helping to address, while also benefiting from, this long-term trend.
The importance of renewable energies is growing as more and more people and businesses realise that climate change poses an existential threat and that renewables are a key part of the solution. Meanwhile, warnings of power shortages have further underscored how vital renewable energies are for Switzerland and other countries. At the same time, this development is a great opportunity for innovative and flexible industrial companies.
Virtually all countries subject to the Paris Agreement will only be able to meet their net-zero goals if they abandon fossil fuels and switch to renewables instead. That is why more and more governments and companies are investing in renewable energies and setting targets for their expansion.
Phoenix Mecano also relies on renewable energy to achieve its CO2 targets. The sustainability report highlights the potential for further reducing energy from non-renewable sources. The Group is pursuing many projects to cut this consumption, for example by replacing it with solar power generated on its own factory roofs.
The costs of renewable energy have fallen sharply in recent years, and are increasingly on a par with – if not cheaper than – fossil fuels. This makes renewables competitive and more attractive for businesses and consumers.
In this context, renewable energy products are becoming more and more important for Phoenix Mecano too. The Group is benefiting from this development by offering products and solutions for solar energy, wind power and hydrogen applications and helping to develop these new markets.