TITAN, an innovative and fast decarbonizing cement producer, and Orcan Energy, the leading cleantech company turning waste heat into clean electricity, announced an innovation partnership.
This partnership brings together TITAN’s expertise in cement production and decarbonization, and Orcan Energy’s proven track record in sustainable energy solutions. Together, the partners will explore the development and deployment of an innovative modular clean energy solution that will convert waste heat into clean and affordable electricity. This efficient solution has the potential to accelerate project implementations and at the same time reduce costs.
“We have a strong ambition to reduce specific Scope 2 emissions by ca. 58% by 2030 from a 2020 base year. The collaboration with our waste heat recovery partner Orcan Energy has the potential to transform waste heat into zero-carbon clean energy, with a novel but well-proven modular approach, aiming at a significant reduction of emissions coupled with immediate financial gains. Additionally, the innovative business model could be a step towards a partnership-driven ecosystem, in the face of rapid changes in decarbonization and digitization technologies,” Samir Cairae, Chief Technology Officer of TITAN, said.
On his part, Dr Andreas Sichert, CEO of Orcan Energy, said: “We are thrilled to partner with TITAN for utilizing their vast and valuable waste heat resources. Our technology will help not only to reach the Group’s extraordinary decarbonization ambitions but also to significantly save electricity expenses. TITAN is a remarkable player in the cement industry, constantly building the business while at the same time proactively pushing sustainability initiatives. We are here to combine both worlds: business and sustainability. Our modular approach will allow TITAN to flexibly respond to outside changes in uncertain times.”
