Tackling the triple challenge of energy cost control, carbon reduction and operational resilience is more urgent than ever before in 2023.
Energy market volatility and cost inflation continue to threaten all businesses, who must also reduce their carbon footprint and improve energy security.
But the savviest organisations recognise that profit and planet are two sides of the same coin. These sustainable energy leaders are acting now to drive a pathway towards net zero – for long-term success.
In this blog, we explore the three ways in which forward-thinking organisations are responding to mounting pressures. We look at how you can also future-proof your energy strategy to gain economic, environmental and operational advantage in 2023.
Energy efficiency is the most economical starting point for any cost and carbon reduction strategy. Many of our business customers have already utilised the quick-win energy saving opportunities. They are now using advanced data analytics to go much further.
Sustainability leaders are making use of advanced Internet of Things (IoT) energy insights technologies. This gives 360-degree visibility of their energy consumption, including what’s happening at an equipment and process level of scrutiny. In this way, there’s an intense focus on eliminating energy and operational waste to reduce bills and emissions.
In 2023 organisations will also drive financial savings by deploying onsite generation, such as high efficiency Combined Heat and Power (CHP) and Commercial Solar Photovoltaic (PV) technologies.
With the cost of grid-supplied electricity and gas at an all-time high, both CHP and solar are delivering faster payback than ever before. In many cases, customers installing CHP are seeing a return on investment within 2 years and cost savings of up to 40%.
Sustainable business leaders recognise the strong link between profit and planet. They realise that delaying action on decarbonisation will cost much more in the longer term.
We’re helping our customers to develop a culture of sustainability. We empower their teams with the tools and data to succeed and take affordable, incremental steps along their tailored net zero pathway.
This stepped approach – matched with innovative technologies and integrated energy efficiency solutions – is helping customers get ahead of environmental regulation and higher carbon taxation. We set them up for future success.
Energy resilience is increasingly viewed as a top-level business threat. However, there are steps you can take to de-risk energy supply interruption and build a more sustainable operation.
The most advanced, sustainable businesses are those best able to manage energy security and mitigate risk.
These organisations are maximising the competitive advantage of big data to digitalise and automate their businesses. They’re using device-level monitoring to mitigate the risk of energy outages. This is a highly effective measure – one of the most common causes of energy-related failure is ageing and poorly maintained equipment. Using IoT-enabled sensors and reporting tools to identify problems before they happen is a cost-effective and easy method of increasing energy reliability.
Onsite generation technologies (such as Solar or CHP) in combination with battery storage, are also providing protection against both supply interruption and costly operational failure.
It’s more than possible to score a win-win for profit and planet in 2023. Contact us to find out more about how you can tackle the challenge of carbon reduction and cost control.
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