The German Federal Ministry for the Environment and the Federation of German Industries (BDI) have honored Lorenz as a national pioneer in smart metering and the circular economy with one of Germany’s highest corporate awards.
The German Federal Ministry for the Environment and the Federation of German Industries have awarded Lorenz the German Innovation Award for Climate and Environment. The award recognizes the development and intelligently networked production of fully recyclable smart meters, as well as their take-back and remanufacturing as part of a comprehensive circular economy concept. Federal Environment Minister Svenja Schulze praised the award winners.
The German Innovation Award for Climate and Environment (IKU) is one of the highest distinctions a company can receive in Germany. Every two years, the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) and the Federation of German Industries (BDI) honor national role models from business and research. Across seven categories, the organizers recognize innovative technologies, techniques, methods, processes, products, services and business models that demonstrate new approaches to climate and environmental protection. The award carries total prize money of 175,000 euros.
From more than 140 companies and research institutions, the distinguished jury chaired by Prof. Ottmar Edenhofer (Director of the Potsdam Institute for Climate Impact Research, PIK) selected Lorenz GmbH & Co. KG for first place in the category “Environmentally Friendly Products and Services”. The award recognizes a comprehensive circular economy concept. The smart water meters developed by the medium-sized family business enable precise flow measurement, efficient and secure data transmission, and intelligent analysis in water networks. This helps prevent water waste while significantly simplifying processes for water suppliers, municipalities and metering service providers.
Because the water meters are made from high-quality materials and durability and recyclability are taken into account throughout the entire development and production process, Lorenz can take them back after use and after replacement due to statutory calibration requirements, and recycle them either in their entirety or component by component to the greatest possible extent. This saves hundreds of tonnes of raw materials and millions of kilowatt-hours of electrical energy every year, along with the associated environmental impacts and CO2 emissions. The resulting savings in material costs enable production in Germany to remain competitive with low-cost products manufactured in low-wage countries.
After the award ceremony could not take place in Berlin as planned due to the coronavirus pandemic, Federal Environment Minister Svenja Schulze honored the award winners in a video message.