Introduction DEIF A/S’s annual report for 2020 has been prepared in accordance with the Danish Financial Statements Act regarding large enterprises in reporting class C. The Group’s primary activities & strategy DEIF develops, manufactures and markets digital solutions and electronic products for the global energy and marine markets – with a focus on production, distribution and consumption of electrical energy (electricity). Development and production takes place in the parent company in Denmark. Sales, development, delivery and servicing of customer solutions takes place in both the parent company and subsidiaries. DEIF’s main objective is to provide technology that helps to improve the environment and supports green growth. This objective is driven by a number of global megatrends: • Higher energy consumption, increasingly based on electricity. • A political desire to limit global warming and reduce air pollution. • Renewable energy has become economically competitive relative to oil and gas. • Green energy technology is a significant growth engine in the global economy. In recent years, DEIF has invested heavily in developing solutions in renewable energy with a particular focus on wind turbines and hybrid energy technologies that combine various sources of energy, including solar panels and batteries. Through its products and solutions, DEIF contributes to the opti- misation of fuel consumption in decentralised power production and ships, and the company supports the cleanest technologies, such as conversion to bio-based fuels. Increased electrification creates a high demand for supply security and cybersecurity. DEIF contributes to this with tech- nology for complex emergency power systems that protect e.g. data centres, hospitals and vital infrastructure from power failures.
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