The circular economy is a growing market, and VEO is actively investing in it. The company is known for its electrification solutions for renewable energy, and this sector already encompasses more than half of its turnover. The last link in the circular economy chain is turning non-recyclable waste into energy. VEO is already an old hand at waste-to-energy concepts in the Nordic countries and now the company has turned its sights further afield in Europe.
“We are going to invest in a strong growth strategy, especially in the UK,” says Jarkko Aro, Vice President, Industry Business Unit.
In the next few years, 42 billion pounds will be invested in renewable energy in the UK and 10 billion of that will be directed to waste to energy and biomass plants. Together with its local partner, I.C. Electrical (ICE), VEO intends to be a part of this market. ICE is the perfect partner to complement VEO’s know-how and service supply in the British market and together they will provide a one-stop shop for automation and electrification projects.
In the next few years, 42 billion pounds will be invested in renewable energy in the UK.
Jarkko Aro
“Our partner has local contacts and knows the health and safety requirements and contract law, while we will be in charge of providing top technology products and process know-how,” Aro says.
Founded in 1986, ICE has extensive experience in carrying out electrical installations in process and industrial applications.
“Together we can easily compete with larger operators. The competitive environment will also be an advantage to us, because there are not many operators similar to us,” Aro believes.
VEO and ICE have already worked together in supplying automation and electrification for process industries and several biomass power plants in the UK. Their first larger joint turnkey contract involved designing electrification solutions for the EcoPark energy from waste plant, with VEO supplying the technology and ICE taking care of the installation work and local connections. Located close to London, this plant treats more than 500,000 tonnes of waste from local households per year and uses it to generate energy to the national grid, enough to power up to 8,000 homes.
“The EcoPark is proof that there is plenty of customer potential in the UK. The road is clear, now all that is needed is hard work,” Aro says.
