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Heat pumps are VICTORs new big business

Energy City Frederikshavn

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By Energy City Frederikshavn, March 10, 2020

Timely care and a clear understanding of the company's business potential, helped VICTOR reach their full potential by transitioning from black to green energy supplier.

In just two years, VICTOR has replaced the worlds declining offshore market with special solutions for district heating. Today, the company in Frederikshavn is Denmark’s largest district heat pump supplier with a market share of more than 50 percent. At the same time, the company possesses the expertise currently demanded internationally to push the green transition.

Since summer 2018, VICTOR has supplied heat pumps to Skagen, Strandby, Frederikshavn, Støvring, Brande, District Heating Funen, Svendborg and Farum. The pumps, which are already in operation or coming later this year, account for a heat output of over 120 MW. This corresponds to the heating of 50,000 households now taking place without the use of fossil fuels, but through renewable energy.

The pump’s energy absorption include various kinds e.g. air, and wastewater. However, it also includes surplus heat, as seen in District Heating Fun’s new plant, which is one of Denmark’s largest and one of the world’s most advanced heat pump systems. It utilizes the excess heat from the cooling of servers at Facebook’s data center in Odense. The plant is proof that regardless of the type of energy source, it is possible to find a heat pump solution that works. Therein lies VICTOR’s specialty, explains Ole Nygaard, CEO, VICTOR DST:

“All the plants are individual. They are adapted to the needs of the place. In some places, we supply a turnkey plant, at other times it is a specially designed heat pump technology for an existing plant. It does not stop there. Based on our experience, we are also able to produce and put together solutions that draw the heat out of, for example, the sea or the underground. ”

VICTOR DST offers the heating supply plants in collaboration with IESenergy. VICTOR is the main or total supplier, and IESenergy stands for sales and basic design. The agreement means that VICTOR will budget with a turnover of more than half a billion in 2020 and the number of jobs has increased accordingly. From 50 employees who produced heat pumps in 2018, VICTOR currently has 125 employees in Frederikshavn who work exclusively on plants under construction.

By the end of 2020, approximately 80 of Denmark’s 480 heat plants will have heat pumps installed. Studies show that the socio-economic gain from the conversion is large and estimates that for each new heat pump that is established, CO2 emissions reduces by up to 75 percent. At the same time, Denmark is facing an electrification with the new Klimalov’s goal of reducing greenhouse gas emissions by 70 percent by 2030. In other words, the potential is great.

“Demand for domestic heat pumps lasts at least five years. There is popular and political headwind. In addition, we will take a closer look at exports in the near future. Here, among other things, the European climate debate is contributing to the heat pumps getting further wind, and we are stand by,” says Ole Nygaard.

Fact
Today, 64 percent of Danish households uses district heating. This is equivalent to approximately 1.7 million households. From 2030 all district heating in Denmark must come from a renewable energy source. A dwelling with district heating has an average emission of 1700 tons of CO2, while an average dwelling with oil-fired boilers has an emission of 5600 tons of CO2.

For further information contact: Ole Nygaard, https://www.victor-dst.dk/

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