Energie 360° wants to supply only renewables from 2040 onwards
Ten years earlier than previously planned, namely from 2040, Energie 360° wants to switch completely to renewable energy. The reason is the Russian crisis. So far, the share is 18.2 percent. The company sees itself on course.
The Zurich energy supplier Energie 360° wants to supply only renewable energy from 2040 onwards. This is ten years earlier than previously aimed for. The reason for the faster phase-out of fossil fuels such as gas and oil is the Russian crisis, the company announced in a media release on the annual balance sheet.
According to this, the energy supplier delivered 15.9 percent more energy to end customers in the 2021 financial year than in the previous year. Of the 4978 gigawatt hours, 18.2 percent were of renewable origin. The company sees itself “on course”. By 2025, the share of renewables should increase to 30 percent.
With sales of CHF 537.1 million, Energie 360° generated a net profit of CHF 61.9 million. In the previous year, sales were CHF 466.2 million and net profit was CHF 71 million. The reason for the decline is lower investment income after the sale of two subsidiaries.
In view of the Russian crisis, Energie 360° recommends “customers who want to move away from Russian gas to replace their gas heating and switch to renewable energy sources”. As an alternative, the company promotes the energy networks in the city of Zurich, which make locally available renewable energy such as heat from Lake Zurich available. It names wood pellets as a further option and recommends increasing the proportion of biogas.
Energie 360° sees great potential in biogas and has increased its share in its standard gas product to 25 percent as of April 1, 2021. This saved around 200,000 tons of CO2 in the direct supply area. Energie 360° wants to build more biogas plants and invest in innovative research projects.