Tag: Vattenfall

Vattenfall sets circular economy target for permanent magnets

Stuart Mitchell

Vattenfall has announced its commitment to achieving 100% circular outflow of permanent magnets from their wind farms decommissioned from 2030 onwards. This initiative marks Vattenfall as the first developer to commit to a detailed circular economy target for these crucial components. Permanent magnets are integral to wind turbine functionality, especially for direct drive turbines, and depending on size, turbines are housing between one to eight tons of these magnets. The amount of 1 ton of permanent magnets would be sufficient for use in approximately 20,000 standard home loudspeakers. These magnets…

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Youth racing event organised with the help of Vattenfall energy storage

Stuart Mitchell

Motorsport has long been closely associated with petrol. But that no longer has to be the case. The world’s first all-electric racing competition for juniors is now being held for the second year in a row. The competition – NXT Gen Cup – is decided over five rounds, four in Germany and one in Sweden. Famous motorsport arenas are being opened up to the promising young racing stars of the future, and the first round took place on 5–7 July at the Norisring in Germany.  The rest of the races…

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Vattenfall receives Platinum for its sustainability performance again

Stuart Mitchell

For the fourth time, Vattenfall’s sustainability performance receives Platinum, the highest rating from EcoVadis, one of the largest and most trusted providers of sustainability assessments. With a score of 85 out of 100, Vattenfall remains in the top 1 percent of all companies assessed by EcoVadis in the electricity, gas & steam category. The top rating from EcoVadis strengthens Vattenfall´s position as one of the most sustainability-oriented companies in the energy sector being ranked the top 1 percent among 100,000 companies. “To be recognized by EcoVadis as a Platinum industry…

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Vattenfall’s Annual and Sustainability Report 2023: Continued work for fossil freedom

Stuart Mitchell

Vattenfall’s Annual and Sustainability Report for 2023 contains a special focus on offshore wind and new nuclear power – necessary factors for the energy transition as well as Vattenfall’s continued work for fossil freedom. The demand for fossil-free energy increased during 2023, and the targets for the energy transition have never been higher. However, the required build-out is not keeping pace. Investments need to multiply and the right incentives for those affected by the necessary new infrastructure must be developed. Vattenfall is committed to building a future where everyone can…

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Vattenfall receives top marks for its climate work

Stuart Mitchell

Vattenfall has received highest rating in the Carbon Disclosure Project’s (CDP) environmental disclosure ranking for 2023. Together with just under 400 companies all over the world, Vattenfall is placed on CDP’s ‘A-list’ of companies who are recognized as ‘global leaders in environmental transparency’. CDP, a non-profit global organization, annually scrutinizes companies all over the world on their work on climate change, deforestation or water security, based on a large number of information criterias. For 2023, over 21000 companies were scrutinized and given a rating from A to D. Only 2…

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