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ČEZ ESCO and SPP to make Slovakia an active player in the energy transformation

ČEZ ESCO, a member of the Czech utility group ČEZ signed an agreement with largest Slovak energy supplier Slovenský plynárenský priemysel (SPP). Through the agreement, the companies established a joint venture called ESCO Slovakia, which will contribute to the modernisation of the energy sector in the country, increasing energy efficiency and helping to meet climate change-related commitments and the goals set by the European Green Deal. 

“Europe is moving towards carbon neutrality,” said Kamil Čermák, CEO of ČEZ ESCO (pictured above). “This means not only a great challenge but also an opportunity because climate-friendly technologies will be of interest all over the world.”

ČEZ already operates with modern technologies in the Czech Republic, Germany, Austria, Poland and Northern Italy and now it is interested in building the same environment in Slovakia.

“Slovakia was the first country in the Central European region to join the European Union’s goal of achieving carbon neutrality by 2050,” commented SPP’s chairman of the board of directors, Milan Urban (pictured above). “SPP, as the largest energy supplier in Slovakia, wants to be an active player in the energy transformation and entering into the energy efficiency market is an opportunity to complement a portfolio of reliable electricity and gas supply.”

The European energy sector is going through the biggest revolution of the last 50 years. Modern energy solutions are becoming market competitive, fully digitised and facilitating the functioning of businesses, cities and the entire public administration. Under the Green Deal, the EU has agreed to be climate-neutral by 2050 reducing emissions by at least 55 per cent by 2030.

“ESCO Slovakia will focus on market solutions,” said Naďa Hartmann, ESCO Slovakia’s CEO-to-be. “We have a number of products that will enable Slovak companies, cities and municipalities to reduce the price of energy and thus their total operating costs. We are ready to move Slovakia to a higher energy level.”

Among others, ESCO Slovakia will focus on energy-saving projects in buildings, energy audits and consulting, rooftop photovoltaic power plants, cogeneration units and ecological heating industry and installation of modern lighting.

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