To energy efficiency and far beyond
Businesses are under pressure to minimise business energy costs, cut carbon emissions and improve resilience. So it comes as no surprise that 90% of large company CEOs are engaging with energy efficiency.
These are the some of the findings from the latest edie Business Energy Barometer. Writing for the report, Ian Hopkins examines the survey data to share insights into the key challenges and opportunities for energy leaders and managers going into 2020 and the next decade of climate action.
Although reducing consumption and behaviour change are the foundations of any energy strategy, we mustn't forget that this is just the starting point in the sustainability journey.
The power of data insights
It's encouraging to see that up to 82% of businesses see the value of data optimisation to take energy efficiency to the next level. By using Internet of Things (IoT) technologies to gain advanced energy insights, organisations can identify energy waste across multiple sites - right down to an equipment and process level.
In this way, huge energy and operational efficiency improvements can be achieved, but business leaders can miss a trick if they fail to use data intelligence to inform Demand Side Response (DSR) opportunities. The 57% of survey respondents who fail to see DSR as a priority are missing out on potential cost savings and lucrative revenue streams from using power more flexibly.
Game-changing AI Virtual Power
Similarly, the vast majority of businesses surveyed are overlooking artificial intelligence (AI), which provides the game changing opportunity to participate in advanced virtual power plants (VPP). Our AI VPP technology is helping businesses to capture multiple trading opportunities in the most lucrative markets using large industrial loads, onsite generation and storage. This advanced solution is also increasing security of power supply.
Enabling Electric Vehicles
We're also using IoT and AI to help organisations shift to sustainable transport by integrating their electric vehicle infrastructure with onsite generation and storage facilities and to maximise the payback via DSR and energy optimisation.