Austria's green tech sector on course for success
Austria's green tech sector is home to market-leading green tech pioneers, from waste management and recycling to industrial production and the circular economy.Contact us
green tech sector
on course for success
In order to overcome the ecological challenges of the world, we need innovative solutions for climate and environmental protection. Austria's green tech sector offers precisely that: With an R&D ratio of five per cent, it is home to market-leading green tech pioneers from diverse areas – from waste management and recycling to industrial production and the circular economy.
After all, environmental technologies, energy efficiency and the production of alternative energies have a long tradition in Austria. For instance, 70% of the required electricity is produced from hydropower. This pioneering spirit means that Austria's companies can offer tried-and-tested technologies where other countries are only just starting out: In 2021, Austria ranked third in the Eco-Innovation Index of the EU and is thus one of the green innovation leaders in Europe.
Green tech in Austria:
5 good reasons to locate your company here
In the Eco-innovation Index, Austria ranked 3rd in 2021 in an EU comparison with regard to ecological renewal. In terms of "value creation / environmental protection and resource management", Austria actually tops the rankings. And: According to the Environmental Performance Index of 2020, Austria ranks 6th worldwide for sustainability, environmental protection and vitality of the ecosystems.
Hydrogen as a field of the future
In the pivotal field of the future, hydrogen, Austria is leading the way with top-level research: For example, the world's largest pilot plant for hydrogen electrolysis is found in Linz. It will soon facilitate CO2-free steel production. In Villach, the companies Infineon and Linde are constructing a plant for sustainable hydrogen which will make chip production climate-neutral. And research facilities such as HyCentA are promoting the further development of hydrogen technology so that it can be used for mobility and industry on a grand scale.
Climate tech start-ups
Young Austrian entrepreneurs are putting sustainability on their agenda ever more frequently: 34 per cent and thus a third of all young entrepreneurs are focusing on ecological challenges. More than 150 climate tech start-ups in categories such as mobility and the circular economy to nutrition and agriculture are driving the development further.
Green Tech Valley
The Green Tech Valley in the south of Austria is the home to globally known pioneers and technology leaders in the green tech sector. The focus is on their green innovations in the areas of renewable energies and the circular economy.
Austria set new standards on the domestic electricity market early on: 78.2% of the Austrian electricity production come from renewable sources of energy (as of 2020) – Austria is thus the current leader in the EU. The Renewables Expansion Act ("Erneuerbaren-Ausbau-Gesetz") stipulates the boundary conditions for the expansion of green electricity in the next ten years and provides a comprehensive system of funding: The volume of funding is EUR 1 billion per year until 2030. The EAG points the way to 100% green electricity in the year 2030 and is one of the pivotal instruments of the energy transition.
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