FED results to live on through Center Denmark

Press release, The Danish Industry Foundation, 23 March 2022

The Danish power supply needs to be smarter, and we need to speed up the development of the digital solutions and business models that will be crucial if we are to succeed with the green transition. These are the goals of a new ambitious collaboration within the field of energy, funded by The Danish Industry Foundation. Increased digitalization of the energy grid will also result in significant advantages such as a stabler power supply and new smart consumer solutions.

In the coming years, we will see a steadily increasing use of green forms of energy, making a markedly increased degree of digitalization in the energy sector a necessity. Today, the sector suffers from an extensive lack of innovative digital companies capable of developing the solutions necessary for reaching the 2030 goal of a 70% reduction of CO2 emissions.

This is why The Danish Industry Foundation has entered into a collaboration with a series of strong partners on establishing the Digital Energy Hub, whose purpose is to future-proof Denmark's leading position within energy technology by boosting digital competences within, among other things, artificial intelligence and Machine Learning. The aim is to facilitate the development of new successful energy technology companies, as they will play a crucial role in the green transition of the energy sector in which power from sustainable energy sources is increasingly used.

- We are facing a significant positive challenge in terms of making sure our energy supply is intelligent, as the demand for electricity increases and sustainable energy sources gain ground. We believe that the Digital Energy Hub can contribute to solving this challenge. In addition, the Digital Energy Hub will play a central role in supporting the sustainability of Danish industry, in which digital and intelligent energy solutions will be increasingly crucial for production companies to electrifying their production and decrease CO2 emissions, says Thomas Hofman-Bang, CEO of The Danish Industry Foundation.

Data to kickstart the digitalization of the energy sector

One of the strong partners behind the new Digital Energy Hub is Center Denmark - a non-profit and independent company that supplies digital infrastructure supporting actors within the energy sector in the development of new data-driven solutions. The first years of the company's existence have been spent establishing a foundation and a digital infrastructure that enables the utilization of data in the energy sector.

- We know that data-driven solutions are capable of reducing CO2 emissions markedly with minimal investments, even within a foreseeable future, says CEO of Center Denmark, Søren Skov Bording.

Another member of the Digital Energy Hub is Energinet, who intends to primarily contribute with knowledge on potentials and challenges in the green transition of the energy system.

- A strong digital entrepreneurship and industrial environment is a crucial element in bringing data into play in green digital business models. It will be crucial for our being able to efficiently transform the energy system and utilize our current energy infrastructure optimally. The Digital Energy Hub is an important initiative to support this development, says Thomas Egebo, CEO of Energinet.