Romstal and the reduction of carbon emissions through heat pumps

In an era deeply affected by climate change issues, it is essential to increasingly turn to economical and environmentally friendly solutions that can help reduce our impact on the planet.

In terms of the technologies we use, one viable solution is the use of heat pumps. This technology plays a significant role in reducing carbon emissions and creating a more sustainable environment. In the following, we will discuss some important facts about heat pumps.

The universal need for heat pumps

The first closed circuit heat pump was installed in 1928 in the Geneva city hall – the heat source being Lake Geneva. Heat pump technology was developed in response to the coal shortage in Switzerland before and during the Second World War. Since the second half of the 20th century, heat pump technology has been refined and the type of applications has diversified: from high power to residential solutions.

Advantages of heat pumps

Unlike combustion-based heat sources, heat pumps do not ‘generate’ heat, but transport it from a colder to a warmer environment. Saving energy and reducing pollution is a big advantage of heat pumps in today’s changing climate and unstable energy market. 

Another advantage is that the electricity needed to run the heat pump can be largely covered by a photovoltaic installation, which considerably reduces the operating cost of the equipment.

Last but not least, modern heat pumps are a versatile piece of equipment, which can cover both heat during the heating season and cold during the summer.

The trend of heat pump purchases in Romania. Situation in Romania VS Europe

The trend of heat pump sales in Romania is upward, with significant increases in recent years. In 2022, the demand in the country doubled, but in 2023, the market stagnated. At European level, 3 million units were sold in 2022. Compared to Romania, 281,000 units were sold in Germany in 2022, an estimated 14 times more than in Romania. The Nordic countries are the leaders in the implementation of heat pumps: in Finland there are 69.4 heat pumps per inhabitant, in Norway 62.2, in Sweden 39.3 and in Denmark 29.8.

Consumer profile in Romania

Considering that the investment in a heat pump is still considerably higher than in a conventional heat source (fossil fuel power plant), the typical customer is one with above average income. Often they either do not have access to the gas grid or have access, but have a photovoltaic system installed, which can significantly reduce the operating costs of a heat pump. There are currently no heat pump financing programmes for residential customers.

Accelerating investment in heat pumps in Romania

The large-scale implementation of heat pump solutions instead of fossil fuels is an important measure to decarbonise the energy sector by increasing the contribution of renewable energy. This is relevant both in terms of reducing pollution at local level and in terms of achieving the 2030 climate targets that Romania has set itself within the European Union.

What does the future look like for the use of this technology?

nZEB legislation in The European Union estimates that by 2030, 70% of European homes will have heat pumps. Across Europe, around 50% of total energy consumption is for heating and cooling buildings, of which over 70% still comes from fossil fuels. In order to reach the 2030 climate targets, the European Union aims to install at least 10 million new heat pumps by 2027.

Romstal’s activity in this field of heat pumps

Climate change impacts all of Romstal’s activities. To reduce the impact, the company has launched a comprehensive programme of measures. For example, it has started to monitor the energy used at its subsidiaries much more closely and is taking more proactive steps to avoid energy waste. It is investing heavily in renewable energy production and in replacing fossil fuel and methane gas systems with electricity.

Knowing that most customers face the same challenges, Romstal has invested heavily in the heat pump product range to offer not just a variety of products, but an integrated solution for anyone wanting to switch to this type of technology.

Romstal aims to reduce natural gas consumption by 95% by 2025 by replacing gas-fired central heating systems with electric HVAC (heating, ventilation and air conditioning) equipment, i.e. heat pump chillers, air or water heat pump batteries, VRF systems. These will provide both space heating and cooling;

curated by Romstal

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Agenda FEL Energy Trilemma Workshop

13:30 – 14:00

Welcome coffee & networking

An informal opportunity for participants to meet and greet each other over coffee before the session begins.

14:00 – 15:00

Keynote speakers

Olivian Savin – Manager Communication & Marketing FEL Romania
Ștefan Gheorghe – Executive Director CNR-CME
Andrei Gurin – Sustainable Finance Unit, Team Leader – Taxonomy and Reporting, European Commission
Ana Nedea – Director of Strategy & Business Development, SIMTEL Team

15:00 – 15:20

Coffee break

15:20 – 16:30

Energy Trilemma Workshop

Olivian Savin – Manager Communication & Marketing FEL Romania

16:30 – 18:00

Networking wine tasting offered by Simtel Team

CEE Climate Connect Agenda

Date: October 17, 2024

Location: Representation of the European Commission in Romania, Lascăr 31 Business Center

Co-organized with the Representation of the European Commission in Romania and the EU Climate Pact, this Climate Change Summit side event is a speed networking session aimed at professionals and key stakeholders in Central and Eastern Europe. It offers a chance to quickly connect with influential people, build new relationships, and explore potential collaborations. The goal is to help participants make valuable connections that can support their work and initiatives in the region.

09:30 – 10:00

Welcome Coffee

An informal opportunity for participants to meet and greet each other over coffee before the session begins.

10:00 – 10:15

Welcome Remarks

Roxana Cojocaru, Executive Director, Social Innovation Solutions
Mara Roman, Deputy Head, Representation of the European Commission in Romania
Ana-Maria Pălăduș, Vice President, REPER21, National Coordinator for the EU Climate Pact in Romania

10:15 – 10:45

Participant Introductions

In this session, each participant will have the opportunity to introduce themselves briefly, sharing their role, the organization they represent, and their key areas of focus related to climate action and sustainability. This session is designed to give attendees a better understanding of who is present and to start identifying potential points of collaboration.

10:45 – 12:00

Facilitated Networking Activities

This interactive segment will guide participants through structured networking exercises, encouraging meaningful exchanges and collaboration opportunities. Activities will include:

  • Speed Networking: A fast-paced series of short, one-on-one conversations where participants can quickly introduce themselves and discuss mutual interests.
  • Group Discussions: Participants will be divided into small groups based on shared topics of interest (such as energy, agriculture, or urban sustainability) to explore ideas and possible synergies.
  • Collaboration Mapping: Using a visual tool, participants will highlight potential collaborations within the group, allowing them to identify common goals and resources that can be shared for future projects.

These activities are designed to help attendees make impactful connections in a short amount of time and foster potential long-term partnerships.

12:00 – 12:30

Lunch

A relaxed networking lunch where participants can continue their conversations and deepen connections made during the morning sessions.

ESG Leaders Forum Agenda

09:00 - 10:00

Registration and Welcome Coffee

10:00 - 10:15

Introduction and Welcome Address

Philippe Thibaud

Deputy CEO, BRD - Groupe Societe Generale

Philippe Gabulon

CEO, Societe Generale Global Solution Centre in Romania and Deputy CEO for SG GSC in India

Ciprian Stanescu

President Social innovation Solutions

Mihaela Frăsineanu

State Counselor, Prime Minister's Chancellery

10:15 - 10:45

Panel 1: Legislation

Codruț Nicolau

Founder, Sustain Future

Elena Cargnello

Member of the Board of Directors | Cogenio

Mihaela Frăsineanu

State Counselor, Prime Minister's Chancellery

10:45 - 11:15

Panel 2: Sustainable Finance & Investment

Aleksandra Palinska

Executive Director at Eurosif

Andrei Gurin

Sustainable Finance Unit, Team Leader – Taxonomy and Reporting, European Commission

Iuliana Tiba

Director Social Environment and Positive Financing Division BRD Groupe Société Générale

11:15 - 11:45

Panel 3: ESG Measurement and Reporting

Alexander Stevens

CEO, Greenomy

Fenya Sourla

Co-founder, COO & ESG Expert at Dataphoria

Kaisa Karjalainen

Director of the Mission Zero Academy (MiZA)

11:45 - 12.30

Panel 4: Examples of Good Practice in Business

Tiberiu Dănețiu

Corporate Affairs and Media Retail Director, Auchan Romania

Ioana Botezatu

Head of CSR, Societe Generale Global Solution Centre (SG GSC) India and Romania

Raluca Mocanu

Sustainability Leader, IKEA România

Boualem Saidi

Senior Bayer Representative for the Country Group and Managing Director of Bayer SRL Romania

12:30 - 13.00

Coffee Break

13.00 - 14.00

Breakout Sessions (3 simultaneous topics)

Room 1: Legislation
Room 2: How to make Sustainable Financing work (workshop led by Theresa Spandel, on implementation of the CSRD)
Room 3: ESG Measurement and Reporting in Practice (session led by Alexander Stevens)

14.00 - 15.00

Networking Lunch

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