The recent increase in oil and gas prices will most likely lead to the acceleration of the EU's Green Deal program. Together with the whole world, companies in fossil-free energy and energy-saving solutions will benefit from this.

There is an ongoing debate in the EU if nuclear and natural gas can be considered fossil-free energy. If we classify natural gas as fossil fuel, we end up with nuclear, solar, hydro, wind, biomass, and geothermal sources.

A recent study, by McKinsey & Company, estimates that more than 85% of today's emissions can be abated with already existing technologies. Solar, wind, and heat pumps are good fossil-free energy sources.

For many Scanfil customers, energy transition is good news e.g. Danfoss is well-positioned in the transition. Saving energy is the quickest and most affordable way to decarbonize the economy. Scanfil has been their worldwide supplier since 2019.

Merus Power has solutions for renewable energy production and storing energy. Wind parks need transformers and Scanfil has been in the market through its customers for over a decade.

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