The Czech Republic is abiding by the EU strategy for sustainable development that stands for “Smarter and Cleaner Europe”. The adopted policies are supported by both the EU and national budgets and create a broad range of opportunities for investors to design, manufacture and deliver new technologies for environmental protection and energy savings for more than 700 million consumers in the European market. Technologies for reusing industrial waste in new products, increased use of renewable energy sources and support for energy savings through the introduction of new products and technologies in smart energy distribution systems are of paramount importance.
Source: EurObserv’ER, 2017
The Czech Republic offers investors in renewable energy sources and clean technology areas both technical competence and manufacturing excellence that, combined with cost effectiveness, create favorable conditions for new investments. Czech Republic has a long tradition in design and manufacturing of technologies for the energy sector dating back to 1919 when the first prototype of the Kaplan turbine was developed and produced. More than 10,000 students involved in energy and environment related studies graduate every year. The strengths in the Czech Republic energy and environment sector are the close ties between universities, research and industry, availability of skilled and experienced industry-specific staff at competitive prices, established industrial R&D, manufacturing and supply chain and supportive business environment and incentives for both R&D and manufacturing.
Source: Czech Ministry of Education, Youth and Sport, 2016
The focus in the Czech energy and environment sector is on research and development.
Opportunities for new investments include
- cogeneration units
- biomass boilers
- heat pumps
- solar thermal collectors
- small hydropower plants
- smart-grid and smart-city solutions
- energy infrastructure
- waste-to-energy technology
- technologies for reusing waste
- wastewater-treatment technologies
Source: CzechInvest, 2017