Electric drives could save as much energy as nuclear power plants, according to a Swiss power and technology group.
ABB claims it saved about 310 million MWh of electric power last year, equivalent to the energy generated by around 41 nuclear reactors.
It claims those savings made from its electric motors would be equivalent to 260 million tons of carbon emissions if the power was generated from fossil fuels. The company also suggests this would correspond to the annual power consumption of 75 million EU households or energy savings of approximately $34 billion (£21 billion) for customers.
Ulrich Spiesshofer, Head of the company’s Discrete Automation and Motion Divison said: “The future potential for energy and cost savings is enormous since only about 10% of industrial motors are combined currently with electric drives.
“Using energy more efficiently will remain, for a significant time, the biggest opportunity available to cut energy consumption as well as costs and emissions.”
Industrial electric motors account for about 25% of electricity consumed worldwide used in running fans, pumping water and moving elevators.