Abstract
Enel X is leading the transition toward a sustainable business model, with the circular economy as an important pillar. Using renewable energy sources and materials, extending product life cycles, creating sharing platforms, reuse and regeneration, rethinking products as services. The principles of the circular economy have become essential, considering the paradigm shift overturning the traditional linear economic model. Enel X was one of the first businesses to offer products on the market that concretely apply the five business models of the circular economy and reconsider the entire value chain from a sustainability perspective. This approach is characterized by two core principles: 1. the first, addressed internally, focuses on the business’s product portfolio, which ranges from “measuring” circularity to identifying solutions for improvement; 2. the second is directed toward the outside, and especially toward industrial customers and public administrations or end customers, with the goal of evaluating their level of “circularity” and helping them outline a roadmap to circularity.
Highlights
Using renewable energy sources and materials, extending the useful life of a product, creating platforms for sharing, reuse and regeneration, re-imagining products as services
The modular solutions offered by Enel X were designed to facilitate the replacement, reuse or regeneration of the various components, as well as the recycling of modules at the end of their life cycle, which make up two pillars of the circular economy: “extending the life cycle of goods” and recovering the value of those being disposed of”
Enel X draws up a detailed report for companies and public bodies – the Circular Economy Report, which identifies the current level of circularity and proposes a roadmap of innovative solutions in order to raise it (Figure 5)
Summary
Using renewable energy sources and materials, extending the useful life of a product, creating platforms for sharing, reuse and regeneration, re-imagining products as services This is the Circular Economy, a model created to meet the planet's demand for sustainability, which is a tremendous opportunity for companies in terms of competitiveness, innovation and employment, creating value for both themselves and their customers. To address the issue of the cities of tomorrow, Enel has decided to use the concept of circular city since it believes it is important to take a holistic view of the urban environment, considering all its areas, with technology serving as an enabler to implement a sustainable development model and not an end in itself With this in mind, the circular economy is an overall framework where lines of action can be established with an integrated approach. The company's commitment ties in with the various business areas dedicated to the end customer, both in the energy market and in terms of Enel X – the Group division dedicated to new technologies for transforming energy into new opportunities.)
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