What practical steps can you take to better navigate the energy labyrinth?
Energy security is the number one threat to businesses trying to progress net zero plans in 2025. So forging a route ahead will rely on the ability to embrace new technologies – ones that deliver greater control over energy supply and strengthen energy independence. In a recent survey of 500 energy-intensive businesses, 50% agreed, saying innovation will be a top priority over the next three years.
However, market volatility still threatens to throw many businesses off course. Couple this with the vast and ever-changing investment choices, and many businesses are finding it hard to justify spending already stretched budgets on new or zero carbon solutions.
One avenue businesses are exploring is using AI to get a better handle on energy management. As many as 76% say they’ve used AI to help monitor and analyse energy consumption, 71% use it for grid optimisation, 70% for optimising costs and procurement, and 72% for energy forecasting. However, to get the best results from AI, collaboration is key for long-term success. Something more than half of businesses have already recognised by partnering with external experts for support with testing, deployment and integration.
This multifaceted approach is also evident when it comes to new technology. Instead of relying on a single piece of equipment, businesses are now warming to the idea that a range of consultative, integrated energy solutions can be combined more sustainably for better results. Especially for large organisations with complex energy needs.
From the we spoke to, energy resilient organisations – those that are driven by stability and sustainability – are most open to new technology. As many as 67% are experimenting with different options, 43% are either trialling or have already adopted Combined Heat and Power (CHP) solutions, and 42% say the same of hydrogen-ready CHP.
By integrating multiple technologies such as CHP and Heat Pumps, businesses have the opportunity to enhance supply reliability, ease strain on the grid, and lower emissions simultaneously. When these technologies work together, organisations can make substantial strides in emission reduction while also managing tight budgets and contributing to a more resilient energy system. And while funding new technology like this was a barrier in the past, more businesses are now seeing the value of corporate Power Purchase Agreements , with 77% of energy resilient businesses saying they’re either trialling or have already adopted them.
In our report, energy resilient organisations highlight several practical steps that businesses can take to overcome challenges and advance their sustainability journeys. They include everything from how to sharpen your strategy to diversifying your funding sources. Download our report, ‘Navigating the Energy Labyrinth: Where next for the energy transition?’ to see them in full.
Sign up to receive regular updates on:
By submitting your details you agree to process your personal data by Centrica Business Solutions as described on the Privacy Policy. Centrica Business Solutions will send you a regular newsletter and other marketing material we believe is relevant. You will be able to opt out of communications from us at any time.
