Renewable Energy And Energy Efficiency: Evidence From Tecnalia Company

Abstract

This study aims to determine the existing synergy among renewable energies and energy efficiency, by identifying their advantages and benefits, to do that evidence is taken from Tecnalia company which is considered as a pioneer and leading company in the field of renewable energies and energy efficiency . The results of the study reveal that: First, Tecnalia company can help organizations to save more energy and achieve the energy efficiency, by providing some innovative products. Second, Tecnalia provides for organization the service to use and adopt the renewable energy sources. Third, Tecnalia provides some efficient renewable products. Finally, energy efficiency and Renewable energy are working in synergy to reach global energy decarbonization. When pursued together, they result in higher shares of renewable energy, a faster reduction in energy intensity, and lower energy system costs. This also brings environmental and social benefits, such as less air pollution. Moreover, all countries can benefit from the important synergies between renewable energies and energy efficiency. Specific technologies enable energy efficiency and renewable energies in the energy and end-use sectors.