February 2023

Our contribitions towards net-zero

To reach net-zero, governments, corporations, and citizens must implement both low-impact methods of producing materials, and apply circular-economy principles to optimize their use and reuse to reduce greenhouse gas emissions. And perhaps even begin to create energy from new sources.

In this newsletter, you can read how we are contributing. Among other things, we are featured in the Reaching Net-Zero report by Good Company, we have signed a new agreement with Alfa Laval, and we are embarking on a new pilot project about generating power from building structures.

Read all about it right here, and meet the new member of our team 👇🏼👇🏼

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Ideally placed in the renewable sector

Our subsidiary, TEGmat, is highlighted in the Reaching Net-Zero Industry Report, composed by Israeli Good Company in collaboration with industry leaders such as BCLP, KPMG, ASHTROM, ABInBev, Continental, and Co-Pace.

There has been a revival of interest in thermoelectric technology from global corporations, where TEGmat is ideally placed as a hardware producer in the renewable energy sector. The full report is available here.

A result of this work led the TEGnology team to visit AB InBev’s brewery in Bremen, where several heat sources for converting waste heat into electricity were identified and discussed in relation to their potential use and collaboration.

New collaboration agreement with Alfa Laval signed

TEGnology’s smart power supply unit converts surface heat from a plate heat exchanger into electricity to power condition monitoring sensors. This concept has been proven with a solid business case after a 7-month pilot test. For TEGnology, it means massive business potential that is worth tens of millions of Euros for a single product.

As a natural follow-up, a collaboration agreement has been signed between TEGnology and Alfa Laval, which aims at early adoption and further optimization. The case study was presented by Hao Yin, CEO of TEGnology, and Anders Nyander, Project Manager at Alfa Laval, at the IoT Solutions World Congress in Barcelona on the 2nd of February.

Did you know that up to 2.5% of the world’s CO2 emissions could be prevented if heat exchangers performed optimally and were serviced regularly?

Every year, based on data from sensors, the number of heat exchangers serviced by Alfa Laval Services to optimize energy efficiency, reduce their customers’ energy use by 50 GWh. This equals to the amount of energy that can be generated by 10,000 wind turbines in the same timeframe.

Imagine what we could achieve if all industries serviced their plate heat exchangers to optimize heat transfer efficiency.

Leading Lights with EIT-Manufacturing

TEGnology participated in EIT Manufacturing’s annual conference, Leading Lights, which was held at Volvo’s foundry in Skövde, Sweden. At this meeting, possible topics for the upcoming innovation project call were collected, and potential partners were matched.

The visit at Volvo’s foundry was the highlight of the day. Highly automated assembling lines secure the quality of Volvo’s powertrain for heavy vehicles.

And as you can imagine, large amount of heat is involved during the manufacturing processes, which provides good potential for thermal energy harvesting. In addition, TEGnology was also invited to visit the foundry of Scania.

Pilot Test in iClimabuilt

Due to the fact that buildings consume 40% of the total energy, and it is anticipated that over 80% of the buildings in use today will still be in use by 2050, the reduction of the energy consumption of buildings has a significant impact on reaching net-zero.

In iClimabuilt – a Horizon 2020 project, TEGnology is testing a solution for integrating thermal energy harvesters into cement elements. It will monitor the performance and decay of concrete, as well as generate power for BMS (Battery Management System) sensors. Our solution might even be able to convert buildings from energy consumers into energy generators, by utilizing indoor/outdoor temperature differences.

We are pleased to welcome a new member to our team

Chuhao is doing an internship in TEGnology. He comes from the city of Wuhu in China, a cozy city full of tea, special snacks, and ships. Chuhao has lived in Denmark for three years and loves reading, traveling, cooking, and writing fictions with hundreds of readers following online.

Chuhao holds a bachelor’s degree in Economics and Finance from the University of Liverpool and a master’s degree in Economics from the University of Copenhagen. He has experience working in financial institutions and consulting companies and has in-depth knowledge and skills in market analysis, project management, accounting, management consulting, M&A, financial investments, and IPOs.

He has currently finalized the Chartered Financial Analyst (CFA) Level II exam.