TECO and Danfoss Sign MoU to Enhance Energy Efficiency in Asia Pacific Mining

·         Integrated motor-drive solutions will help increase competitiveness and lead to significant energy savings of approximately 15-40%

TECO Electric & Machinery (1504) announced today (13th) that it has signed a strategic cooperation memorandum of understanding (MOU) with Danfoss Taiwan to jointly expand the market in the heavy industry and mining sectors in the Asia-Pacific region. President of TECO, Thomas Fann, stated that in response to the increasing demand for key mineral resources driven by the global energy transition, the strategic combination of TECO’s motors and Danfoss’ inverters will provide mining customers with high-efficiency and energy-saving power solutions. Specifically targeting key countries rich in lithium, copper, and nickel, such as Australia and Indonesia, TECO and Danfoss Taiwan will actively collaborate to enhance operational efficiency and sustainability for our customers in the mining industry .

With the rise of global low-carbon infrastructure, there is a significant demand for specific metals in green energy construction, including solar energy, wind power, electrification, and batteries. The extraction of these so-called "green gold" minerals, particularly in resource-rich Australia and Indonesia, holds immense development potential and plays a crucial role in local industrial development and even global sustainable development goals. TECO's medium and high-voltage motors have long earned the trust of mining customers. Future strategic collaborations with Danfoss will primarily focus on customized projects such as 690V and up to 1400KW medium and high-voltage motors, while Danfoss will mainly supply medium and high-voltage inverters capable of withstanding harsh environments. Under this MOU, Danfoss and TECO will collaborate to:

• Offer comprehensive motor-drive packages: Combining     Danfoss' leading-edge drive technology with TECO's robust and reliable     motors to deliver a seamless and high-performing solution.
• Expand market presence: Leverage     the combined strengths and established networks of both companies to     effectively target and capture new opportunities in the Australian and     Indonesian mining sectors.
• Conduct joint marketing     and business development: Implement coordinated     initiatives to promote the combined solutions and engage with key     stakeholders across the mining value chain.
• Provide enhanced customer support: Deliver     comprehensive technical expertise and after-sales service to ensure optimal     performance and customer satisfaction.

“This partnership exemplifies our commitment to providing customers with complete solutions that optimize their operations, reduce energy consumption and increase competitiveness. By combining our expertise with TECO's, we are confident in our ability to deliver exceptional value and drive sustainable growth in the mining industry." says Krisada Phetsuksiri, Head of Asia Pacific & India Regions, Danfoss Drives.