OUR MONTHLY NEWSLETTER SIGNUP

A list of external and internal media coverage on the Danish Cleantech Hub.

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New York

COVID-19 Market News: Unemployment rate expected to drop to around 9.3 pct.

June 12, 2020 / Posted by Tone SøndergaardTone Søndergaard / New York

The Situation as it Stands

The Federal Reserve expects the US economy will shrink by 6.5 pct. this year due to the impact of COVID-19 according to their projections put forward on 10 June. At the same time the FED predicted that the unemployment rate will drop to around 9.3 pct. by the end of the year from a current level around 13,5 pct.

In total four relief packages have been adopted, totaling the collective relief to $3,000 billion. In addition, the US Federal Reserve has set up loan programs to provide $2,300 billion in economic support to companies. The relief and support plans are important steps in attempt to stabilize the situation and rescuing a distressed business community. A new relief package is expected over the summer.

Doing Business in the U.S?

For further information about the situation in the U.S. please see the latest report from the Confederation of Danish Industry. The report provides a selection of information on essential developments related to the Corona crisis in the U.S. As for now, reports are also available on the situation in China, United Kingdom, Germany, France and Sweden.

For comments or questions please contact Louis Funder, U.S. General Manager at lfk@di.dk

Street Lighting Leads the Way for Smart Cities in the US

June 4, 2020 / Posted by Tone SøndergaardTone Søndergaard / New York, Smart city

Market forecast

According to a new report published by the Northeast Group, the interest in smart street lighting triples in US cities. Of the cities with more than 100,000 residents, 314 cities are converting to LED lighting and the country will invest $8.2bn in street light modernisation over the next decade.

In addition, the Global Smart Street Lighting & Smart Cities: Market Forecast (2019-2028) reveals that the over-all investment in LED and smart streetlights, as well as supplementary smart city sensors attached to streetlights, will reach $50.4bn over the next decade.

New market opportunities

Although the US has been cautious to invest in smart city technologies, various statements highlight, investments in smart city technology are securing important cost-savings as cities face budget gaps in the wake of economic challenges related to COVID-19.

“The smart street lighting market has rapidly advanced since our last survey back in 2018,” said Chris Testa, Research Director at the Northeast Group. “The number of planned projects has more than doubled, prices have stabilized, and the benefits are better understood,” he added.

As LED and smart street lighting projects have always represented enormous efficiency opportunities for cities, with savings typically reaching over 65 percent, the increasing demand for smart street lightning makes the US and in particular New York City a growing market for start-ups and companies worldwide.

Smart lighting will form the backbone for larger smart city programs all over the US as cities look to add smart parking, environmental sensors, electric vehicle charging infrastructure, traffic monitoring and other applications producing new urban data streams.

Want to know more?

Danish Cleantech Hub is a public-private partnership, led by the Confederation of Danish Industry and State of Green.

We support the visibility and commercialization of Danish companies and expertise in the U.S. by providing a single point of entry for all cleantech-related activities between Denmark and USA. Danish Cleantech Hub provides tailored assistance to Danish companies and assists all export related activities.

If you are interested in the US market opportunities, feel free to contact Mille Munksgaard, Project Manager mimu@di.dk for more information.

Danish Ørsted has Completed the Installation of the First Turbine Foundations in U.S. Federal Waters

June 3, 2020 / Posted by Tone SøndergaardTone Søndergaard / New York, Renewable energy

A Monumental Day

In January 2020 it was announced that the first offshore wind energy project on a federal lease was to start in May 2020 and last week Danish energy company Ørsted and Dominion Energy finalized the installation of the first turbine foundations and it was a true monumental day for the U.S. offshore wind industry. As a first-mover in offshore wind energy, Denmark commissioned its first offshore wind farm in 1991 nd today, the sector contains both technologies and services aimed at all phases of an offshore wind energy project, which creates a growing interest in the US for Danish solutions throughout the supply chain.

Market Forecast

According to the American Wind Energy Association (AWEA), the United States has a vast offshore wind energy resource with a technical potential of more than 2,000 gigawatts (GW) – or nearly double the US’s current electricity use.

Additionally, the U.S. has a total offshore wind pipeline of over 26,000 megawatts (MW) spanning 10 states of the East and Great Lakes coasts. By itself, the State of New York has dedicated itself to 9,000 MW of offshore wind energy by 2035 – enough electricity to power up to 6 million homes. In comparison, European States have within the last 25 years installed a collective sum of 22,072 MW offshore wind, indicating the vast market potential.

New Market Opportunities

Harnessing America’s offshore wind resources presents an enormous opportunity to create tens of thousands of highly-skilled jobs, revitalize coastal communities, and deliver large amounts of clean, reliable energy to the US’s biggest population centers.

“Today is a monumental day for the U.S. offshore wind industry as Ørsted completed the installation of the first turbine foundations in U.S. federal waters.” Thomas Brostrøm, President at Ørsted North America wrote on Twitter on May 27, 2020. “I hope today serves as a symbol for what the future of this industry holds for the U.S.”

As offshore wind energy is gaining traction in the US, the interest and demand for offshore wind technology will increase, making the US and in particular New York State a growing market for energy companies and offshore wind supply chain companies.

Want to Know More?

Danish Cleantech Hub is a public-private partnership, led by the Confederation of Danish Industry and State of Green.

We support the visibility and commercialization of Danish companies and expertise in the U.S. by providing a single point of entry for all cleantech-related activities between Denmark and USA. Danish Cleantech Hub provides tailored assistance to Danish companies and assists all export related activities.

If you are interested in US market opportunities, feel free to contact Louis Funder, US General Manager lfk@di.dk for more information.

Big Danish Companies Join Forces to Deliver Green Hydrogen Project

June 3, 2020 / Posted by Tone SøndergaardTone Søndergaard / New York, Renewable energy

Container shipping group AP Moller-Maersk, airline SAS, logistics group DSV Panalpina, ferry line DFDS, Copenhagen Airports and renewable energy company Orsted have brought together the demand and supply side of sustainable fuels in a unique partnership with the concrete vision to develop a new ground-breaking hydrogen and e-fuel production facility as soon as 2023 as they try to help Denmark achieve carbon neutrality by 2050. When fully scaled-up by 2030, the project could deliver more than 250,000 tonnes of sustainable fuel for busses, trucks, maritime vessels, and airplanes every year.

The project would use renewable energy to produce hydrogen instead of the current way of using natural gas, before using it to make methanol that could be used in ships and aircraft by 2027. A peak capacity employing a 1.3GW electrolyser to make hydrogen from water, the project could save 850,000 tonnes of carbon emissions annually but would need a 3GW offshore wind farm, one of the world’s largest, to power it.

Today, such sustainable fuels come at a higher cost than fossil-based fuels. To become competitive with fossil fuels, the production of sustainable fuels will need to be matured, built at industrial scale, and go through a cost-out journey similar to what has been seen over the past decade in other renewable energy technologies, such as offshore wind, onshore wind and solar PV. As an example, the cost of offshore wind has declined by approximately 70 percent in Northwest Europe since 2012. For this to happen, governments and industry must come together to create a framework that incentivizes private investments in large-scale sustainable fuel production.

Want to Know More?

Danish Cleantech Hub is a public-private partnership, led by the Confederation of Danish Industry and State of Green.

We support the visibility and commercialization of Danish companies and expertise in the U.S. by providing a single point of entry for all cleantech-related activities between Denmark and USA. Danish Cleantech Hub provides tailored assistance to Danish companies and assists all export related activities.

If you are interested in US market opportunities, feel free to contact Louis Funder, US General Manager lfk@di.dk for more information.

COVID-19 Update: All States are Reopening with Different Speed and Effect

June 1, 2020 / Posted by Tone SøndergaardTone Søndergaard / New York

The Situation as it Stands

With more than 1,750,000 registered cases in the U.S. it is the country with the highest number of COVID-19 cases in the world. 41 million Americans have filed for unemployment benefits the last ten weeks, and the unemployment rate is around 15 pct.

In total four relief packages have been adopted, totalling the relief to $3,000 billion. In addition, the US Federal Reserve has set up loan programs to provide $2,300 billion in economic support to companies. The relief and support plans are important steps in attempt to stabilize the situation and rescuing a distressed business community. In addition, a new relief package is being discussed in Congress right now.

At the same time, it can be experienced that all States in the U.S. are reopening in various degrees and with different speed and effect.

Doing Business in the U.S?

For further information about the situation in the U.S. please see the latest report from the Confederation of Danish Industry. The report provides a selection of information on essential developments related to the Corona crisis in the U.S. As for now, reports are also available on the situation in China, United Kingdom, Germany, France and Sweden.

For comments or questions please contact Louis Funder, U.S. General Manager at lfk@di.dk

COVID-19 and the U.S. market: Some States begin to reopen

May 20, 2020 / Posted by Tone SøndergaardTone Søndergaard / New York

The Situation as it Stands

With more than 1,350,000 registered cases in the U.S. it is the country with the highest number of COVID-19 cases in the world. 36,5 million Americans have filed for unemployment benefits the past eight weeks indicating how serious the situation is evolving.

In total four relief packages have been adopted, totaling the collective relief to $3,000 billion. In addition, the U.S. Federal Reserve has set up loan programs to provide $2,300 billion in economic support to companies. The relief and support plans are important steps in attempt to stabilize the situation and rescuing a distressed business community.

At the same time, it can be experienced that more than 30 States in the U.S. are beginning to reopen in various degrees over the next couple of weeks as U.S. closes in on 1 million coronavirus cases.

Doing Business in the U.S?

For further information about the situation in the U.S. please see the latest report from the Confederation of Danish Industry. The report provides a selection of information on essential developments related to the Corona crisis in the U.S. As for now, reports are also available on the situation in China, United Kingdom, Germany, France and Sweden.

For comments or questions please contact Louis Funder, U.S. General Manager at lfk@di.dk

U.S. Cities’ interest in smart street lighting triples

May 7, 2020 / Posted by Tone SøndergaardTone Søndergaard / New York, Smart city

A report from the Northeast Group estimates the largest 314 cities in the US (those with over 100,000 residents) are converting to LED streetlights in the next decade. This will lead to a $8.2 billion investment in streetlight modernization over the next decade and greater investments in smart street lighting. Smart street lighting is IoT-enabled, and reports have found that cities implementing these actions achieve energy savings of up to 80 percent, leading to cost-savings as well as sustainable cities.

Although the US has been cautious to invest in smart city technology, the Northeast Group reports investments in smart city technology are reaping important cost-savings as cities face budget shortfalls in the wake of COVID-19 related economic challenges.

“The smart street lighting market has rapidly advanced since our last survey back in 2018,” said Chris Testa, research director at Northeast Group. “The number of planned projects has more than doubled, prices have stabilized, and the benefits are better understood.”

The increasing demand for innovative street lightning solutions makes the US a market Danish companies should look for, as Denmark has already proven how technology-driven changes in street lightning contribute to livable and resource efficient cities.

Want to Know More?

Danish Cleantech Hub is a public-private partnership, led by the Confederation of Danish Industry and State of Green. We support the visibility and commercialization of Danish companies and expertise in the U.S. by providing a single point of entry for all cleantech-related activities between Denmark and USA. If you want to get in touch with us to please write to mimu@di.dk for more information.

Green Circular Transition Program

May 7, 2020 / Posted by Tone SøndergaardTone Søndergaard / Circular economy, Climate adaptation, New York

What is it all about?

The Green Circular Transition program aims a providing business from across industries with building competitive advantages based on increased resources efficiency and circular economy approaches. The program is in place from 2019-2022 and is implemented by a group of 17 organizations and with the expertise of 60+ circular consultants.

Denmark has a longstanding tradition for developing green and sustainable solutions. The next generation of competitive advantages is likely to be generated through a transition to a circular economy and resource efficiency. The aim of this program is to enable Danish SMEs to be at the forefront of this development and customer’s needs, who in the future will demand circular products and services.

The program aids companies to implement circular business such as:

  • Product life extension
  • Design for disassembly and recycling
  • Product as a service
  • None-virgin material use
  • Resource efficiency and circular supplies

The program will especially work to transition more companies within industries that are challenging but where circularity has a large potential.

  • Plastic production and use
  • Food and beverage industries
  • Manufacturing processes and components
  • Construction and buildings
  • Design, textiles and furniture
  • Service driven sectors

Program activities:

The Green Circular Transition program also includes a strong focus on innovation. For this reason, the program includes a track designed to enable Danish SMEs to tap into international best practices. Workshops with global frontrunners and international fact-finding tours will be key to achieve this goal. The role of digitalization as a driver for circular innovation will likewise be a focus area.

Participating companies get access to fully funded and specialized:

  • Individualized consulting
  • Collaborative challenge driven projects
  • Intensive transition sprints
  • Digitalization and international innovation tracks

Learn more:

Please visit the program website (only in Danish) to learn much more about how to participate in the program.

Contact Tone Søndergaard at tone@di.dk to learn more about sharing you can be part of this international knowledge exchange and innovation track.

Seeking urban challenge owners: Business Match

April 21, 2020 / Posted by Tone SøndergaardTone Søndergaard / Circular economy, New York, Smart city, Urban planning

Looking for New Partners to Solve a Challenge?

Do you have a challenge you would liked solved by an international crossdisciplinary team of Nordic frontrunners? And co-create a solution with fellow passionadas from different fields of knowledge? Now is your chance! In a new free to program, international challenge owner can pitch a problem, and if selected, get a team of innovation solution providers to come up with new ideas. Challenge owners can be a city agency, a private developer, a solution provider or anything in between. This fall 2020 BLOXHUB is especially looking for challenges with a circular potential.

Bridging Urban Challenges of Today with Solutions of Tomorrow

BLOXHUB in Copenhagen matches the right people to help develop solutions, networks and new partnerships – to create better cities. The Business Match workshop program establishes partnerships with a potential of generating business nationally and internally, co-create concrete solutions or services on urban challenges and lift the participants innovation capacity into new cross-disciplinary business partnerships and opportunities nationally and internationally.

Contact Tone Søndergaard at tone@di.dk to learn more about Business Match

How Does COVID-19 Affect the U.S. Market

April 1, 2020 / Posted by Tone SøndergaardTone Søndergaard / New York

The Situation as it Stands

With more than 957,000 registered cases in the U.S. it is the country with the highest number of COVID-19 cases in the world. 26 million Americans have filed for unemployment benefits the past five weeks indicating how serious the situation is evolving.

Friday April 24, a $484 billion relief package was adopted by the House of Representatives in the U.S. to support, among other things, small businesses critically affected by the corona crisis. This is the fourth package, totaling the collective support to U.S. companies to $3,000 billion. In addition, the U.S. Federal Reserve has set up loan programs to provide $2,300 billion in economic support to companies.

The relief and support plans are important steps in attempt to stabilize the situation and rescuing a distressed business community, stated by Louis Funder, U.S. General Manager for the Confederation of Danish Industry:

“Several companies applied for the original package. Unfortunately, not everyone was able to get support before the money was spent. Now, companies are being given a new opportunity to help cover ongoing expenses, enabling them to retain their employees in a difficult time”

Are You Also Affected?

For further information about the situation in the U.S. please see the latest report from the Confederation of Danish Industry. The report provides a selection of information on essential developments related to the Corona crisis in the U.S. As for now, reports are also available on the situation in China, United Kingdom, Germany, France and Sweden.

For comments or questions please contact Louis Funder, U.S. General Manager at lfk@di.dk

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