GreenStream and TM System Finland Oy announce strategic cooperation in Chinese energy efficiency market

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GreenStream Network, a leading Nordic company focused on providing carbon asset management, comprehensive services in the climate and renewable energy markets and delivering energy efficiency projects in China, and TM System Finland Oy, the Finnish industrial energy efficiency company and the parent company of the TM Systems group, are pleased to announce a strategic partnership designed to enhance energy efficiency opportunities in China.

The 12th Five-Year Plan of China has set ambitious goals for reducing energy intensity and energy saving and, in combination with the scale of the Chinese economy such goals, the achievement of these goals will have significant environmental benefits. Through the annouced partnership, TM Systems and GreenStream can accelerate the expansion of their respective energy efficiency businesses in China. This expansion will build on current sucesses: TM Systems doubled its production capacity and has already extensive track record in China, having delivered equipment that saves over 4 TWh/per annum of energy; and GreenStream’s Beijing-based team has a market-leading position in China with GreenStream being the carbon finance partner for project owners in more than 65 projects.

GreenStream’s activities in China are delivered through a joint venture with Juno Capital Group. This collaboration results in a unique combination of local experience and relationships with GreenStream’s world-leading expertises and leverages a strong network of key industrial, financial and regulatory stakeholders in China. This co-operation model was recently recognized by GreenStream being annouced as a finalist in the 2012 European Business Awards for the Environment (International Co-Operation category).

In relation to the annouced partnership between GreenStream, Markus Hallapuro, the director of Business Development and the main owner of TM Systems stated “through this cooperation with a trustworthy and knowledgable partner, TM Systems will be able to significantly extend its customer base in China”.

Similarly, Jussi Nykänen, Chairman of the Board and founder of GreenStream noted that: “By using a model (known as “ESCO”) whereby GreenStream finances the implementation of world-class TM Systems solutions through utilising the energy savings generated, GreenStream and TM Systems will enable Chinese industry to meet their energy efficiency goals.”

The cooperation of GreenStream and TM Systems is further supported by the recent annoucement by TEKES of the establishment of a national project on Energy Efficiency Solution Business Concept for the Chinese Industrial Market.

Latest references

Opening China markets for Sarlin

GreenStream has opened China markets to many Finnish small and medium sized companies. One of the main technology partners at the moment is Sarlin.

Shangdong Guangjun Paper – annual energy savings up to 32 %

Annual savings:

Electricity saving: 1926.6 MWh
Water saving: 18495 m3
Steam saving: 2652 t
Standard coal: 1068 TCE
Emission reduction: 2766t CO2e

Energy Efficiency for Delong Steel

GreenStream’s project saved 15 % of the compressed air related electricity costs annually for Delong Steel’s Xingtai steel mill. The technology provider was Sarlin.