The disruption that took place in 2020, it would be fair to assume most businesses are reluctant to ear-mark budget for upgrades. To invest in greener technology or new equipment to improve energy efficiency and emissions since the emergence of COVID-19. However, a number of businesses found the extra expense difficult to justify as the economic impact of the virus becomes clear. Just under 20% said they were now less likely to invest in new technology, with business uncertainty being the determining factor. Optimism in 2021, there are still a number of issues that may impede business’ recovery. It had become harder to find people with the necessary skills to operate and fix steam boilers since the pandemic. In addition to the skills gap, over half identified an increase in maintenance costs as another key issue. Consider hiring equipment as a way to bridge a gap in demand and minimize the threat of an existing boiler breaking down. Aggreko is set to launch some new steam boilers into its European fleet. The two and five-tonne models have a number of benefits, including rapid steam production from a cold start, higher energy efficiency ratings and low carbon emissions. The company believes it will not only help meet a surge in demand across various end-user industries, such as power generation and chemical processing but also help to navigate uncertainties following COVID-19 and the UK’s departure from the EU.
It’s encouraging to see businesses willing to invest despite the difficulties experienced throughout 2020. Steam boilers form a central part of many different production processes, so it was important for Aggreko to gauge how conditions have changed and what will drive uptake of more efficient equipment in the years ahead. There are clearly concerns, particularly around the supply of skilled labor and a heavier demand on existing assets, so it’s vital there are options available to mitigate these issues. Two new models will bridge gaps in demand and help to stimulate economic recovery in 2021.