3 ways to overcome the challenges of implementing a multi-product energy solution
Implementing a multi-product energy solution doesn’t need to be a struggle. Follow these steps to get started.
Help your business achieve greater efficiency, flexibility and resilience
Recent advances in technology, a focus on energy efficiency and a global appetite for going green has led many organisations to reconsider their energy strategies. Businesses are having to meet an incredibly high level of demand, meaning higher energy consumption which can have a knock on effect on maintaining a reliable supply, which poses a considerable challenge.
Many companies have found that incorporating on-site generation solutions into their existing energy infrastructure is a proven way to boost resilience, flexibility and efficiency. This approach can also help them to generate a reliable source of energy. Follow these three steps to surmount the challenges of introducing a multi-product energy solution into your organisation.
Step 1: Bundle technologies together
The modern energy landscape is no longer about traditional, centralised power generation. Companies are increasingly adopting a decentralised model that includes sources such as solar, battery and on-site generation.
Businesses that combine newer technologies with those that are more established benefit from greater resilience to future energy price changes and potential equipment failure. They are able to generate consistently high levels of energy that would not be achievable from a single solution.
Battery storage continues to be a crucial player in renewable integration. While solar is a useful way to harness the power of the elements, any excess power will be exported and does not provide the best commercial return for users. These renewable sources are also intermittent and may not be able to provide enough energy during peak demand.
A simple solution is for energy companies to use batteries to collect and store excess electricity generated by renewables. Using Combined Heat and Power (CHP) and solar power at different times is also an effective approach to provide a consistent level of energy.
Step 2: Determine the right mix of energy
Ensuring your business is getting the right mix of energy is crucial in determining what is working well and what is not. Only a quarter of businesses assess energy use continuously, so it’s important to have a formal energy strategy in place. A robust energy strategy will enable companies to monitor the effectiveness of all technologies at once, saving time and money.
Take our energy insight offering. These self-powering sensors attach to energy-using equipment and wirelessly transmit real-time data to PowerRadar, a cloud-based analytics platform from Centrica Business Solutions. This software can then track energy consumption across your organisation, pinpointing any potential equipment failures before they happen, as well as reducing inefficiencies and waste.
Energy managers can also analyse equipment efficiency using building information modelling (BIM), a collaborative information sharing platform that visualises every detailed aspect of a building in one accessible place.
More than half of the most efficient companies use three or more different measures to track energy. They can see how their systems are benefitting from reduced maintenance costs and less unscheduled downtime. With the right data to hand, businesses can make smart investment choices in future.
Step 3: Work with a trusted partner
50% of businesses say they lack the internal expertise needed to monitor and implement efficiency. It makes sense to utilise the expertise of external partners to help your business simplify and standardise its systems, as well as stay informed about the latest technology. By working with energy partners, more organisations can realise the full potential of energy solutions.
Centrica Business Solutions currently serves 28 million customers who benefit from more than 200 years of experience. Through recent acquisitions of ENER-G, Panoramic Power and the award-winning Demand Side Response (DSR) provider, REstore, we can offer the full breadth of energy solutions. We are the only supplier in the UK to design, manufacture, install, commission and service CHP units directly onto our customers’ sites. We’re also leaders in the development of large-scale centralised battery storage products, such as our 49MW Roosecote battery store in Cumbria.
Rather than being tied to a single energy source, a multi-product solution can free your business from the catastrophic risk of power failures. And committing to more than one solution — including carbon-neutral technology — offers protection from punitive new legislation, as well as helping companies to work smarter and improve their sustainability score.
The way we generate and consume energy is permanently shifting: relying on large centralised coal plants will soon be a thing of the past, and a future filled with renewables and small-scale, gas-fired production beckons.
Discover how Centrica Business Solutions can help you to implement a multi-product energy solution.