Danfoss North America recently signed a power purchase agreement with CIG Capital, a U.S.-based project financing firm, to purchase about 75 MW of solar power from a solar farm in Texas, starting in 2025. The initial agreement term is twelve years, allowing Danfoss to fully replace its annual electricity usage in North America with green energy through at least 2037.

The new agreement will provide Danfoss with green certificates, signifying that they are supplying the North American electrical grid with the full amount of green electricity needed to power all 24 factories and 36 locations in North America, and will reduce Danfoss’s carbon footprint in the region by 75 percent.

Soren Revsbech Dam, head of ESG and decarbonization, global services real estate, at Danfoss says, “As part of our ESG goals, Danfoss has committed to achieving carbon neutrality across our global operations by 2030. This agreement to secure green energy for our North America operations will reduce our global emissions by 21 percent. This significant step demonstrates that we are serious about putting sustainability at the heart of our business.”