Swiss companies are investing heavily in cleantech and energy efficiency technologies, as the country beings to realise the potential of the industry, according to a new study.
Environmentally friendly technologies are becoming increasingly important to Switzerland as an economic and research hub, the study by Empa found.
Empa is the Swiss Federal Laboratories for Materials Science and Technologies and is one of the project partners of the report.
The study found that investment in cleantech and energy efficiency technologies was increasing across the board, making Switzerland now a leader in innovation.
Recent findings by the Business Research Centre at the Swiss Federal Institute of Technology in Zurich looked at the economic mechanisms involved in generating and expansing energy efficient technologies. It concluded that Swiss companies channeled, on average, between five and seven per cent of their total investment into energy efficient technologies.
As such, the Swiss economy is now using clean technologies on a wide-scale.
‘As far as R&D is concerned, Switzerland is indeed top notch,’ Gian-Luca Bona, director of Empa. ‘But it takes much more for Swiss industry to be able to take advantage of the ‘big business’ that cleantech is likely to become.
‘We need to transfer research results much more effectively into innovative – and marketable – technologies.’
The study found that the proportion of investment in energy efficient technologies is particularly high in the paper and electrical engineering industries, with 12 per cent of spend being directed into this area.
Meanwhile, power supply companies allocate some 48 per cent of their entire investment into such technologies.
Empa said the principle driver behind this proportion of investment – regardless of the size of the power company – was high energy prices and environmental factors.
One of the most notable deals in recent weeks to impact the region has been the business unit of Siemens, which has secured an order for its energy efficiency technology from Viessmann, which has operations in the country.