Market Digest

‘Huawei solutions to cut electricity production cost by 7pc’

Special Correspondent

3 June, 2021 12:00 AM printer

Huawei smart PV solutions can help to cut power generation costs by 7 percent.

Catherine Chen, Huawei Corporate Senior Vice President and Director of the Board disclosed it Tuesday at a three-daylong virtual event styled ‘Responsible Business 2021’ organised by Reuters Events.

Speakers from Governments, International Organizations and Businesses shared their views about the international agreements, commitments and measures towards the global sustainability transition.

“Carbon neutrality, circular economy, energy efficiency or waste management are at the heart of this much needed sustainability transition”, said Catherine Chen.

In her keynote, she emphasised the importance of reducing carbon emissions and fostering the use of renewable energy, and highlighted Huawei Smart PV solution which is being widely used in more than 60 countries. “All in all, when deployed in large ground-based power plants, Huawei smart PV solutions can help cut power generation costs by 7 percent. When used in enterprise campuses and households, they can increase power yields by 2% and reduce power consumption costs”, she stated.

The speakers also discussed how to achieve alignment around a clear purpose and strategy, creating a new structure and a new model to assess new opportunities? They acknowledged Industries like ICT have been at the forefront, providing enabling technology for a greener world. ICT-enabled power savings and carbon emission reductions will far exceed the industry's own, helping greatly conserve energy and reduce emissions worldwide.

In 2020, Huawei worked with 93 of its top 100 suppliers to set a carbon emission reduction target. The PV power plants on Huawei campuses generated 12.6 million kWh of electricity.

1.55 billion kWh of clean energy was used, reducing carbon emissions by more than 620,000 tons, she said. The device recycling program was expanded to cover 48 countries and regions, and recycled more than 4,500 tons of electronic waste. Huawei was among the top 5% of the Carbon Disclosure Project (CDP) ‘A List’ companies, out of the 9,000 companies scored by CDP on their climate change disclosures in 2020.

The event featured well renowned leaders and high level government officials including: HRH The Prince of Wales, Carlos Alvarado Quesada, President of Costa Rica, Nadia Calviño, Vice President and Minister of Economic Affairs and Digital Transformation, Spain, Virginijus Sinkevičius, Commissioner Environment, Oceans and Fisheries, European Commission, Sanda Ojiambo, Executive Director, UN Global Compact, Pierre Gramegna, Minister of Finance, Luxemburg, Tina Bru, Minister of Petroleum and Energy, Norway, Jochen Flasbarth, State Secretary at Ministry for the Environment, Nature Conservation and Nuclear Safety, Germany, Thomas Dermine, State Secretary for Economic Recovery and Strategic Investments, Ministry of the Economy and Employment Belgium, and Hilde Hardeman, Head - Service for Foreign Policy Instruments (FPI), European Commission, etc.

“Responsible Business 2021 clearly articulated the pressing demand for businesses to re-think parts, if not all, of their business. Companies like Huawei can play a vital role in ensuring the just transition and can serve as a role model for companies to transform their businesses.”, said Liam Dowd, Managing Director, Reuters Events Sustainable Business.