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: follow these steps to implementing a multi-product energy solution.
Recent advances in technology, a focus on energy efficiency and a global appetite for going green have led many organizations 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, posing a considerable challenge.
Many companies have found that incorporating onsite 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 organization.
Step 1: Bundle technologies together
The modern energy landscape is no longer about traditional, centralized power generation. Companies are increasingly adopting a decentralized model that includes sources such as solar, battery and onsite 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 a renewable source of energy and reduce the amount of electricity you draw from the grid, any excess power your system generates will be exported to the grid. These renewable sources 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 cogeneration 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 organization, pinpointing any potential equipment failures before they happen, as well as reducing inefficiencies and waste.
More than half of the most efficient companies use three or more different measures to track energy. They can see how their systems are benefiting from reduced maintenance costs and less unscheduled downtime. With the right data on 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 utilize the expertise of external partners to help your business simplify and standardize its systems, as well as stay informed about the latest technology. By working with energy partners, more organizations can realize the full potential of energy solutions.
Centrica Business Solutions currently serves 28 million customers who benefit from more than 200 years of experience. We are one of the few suppliers in the USA to design, manufacture, install, commission and service cogeneration units directly onto our customers’ sites. Centrica Business Solutions delivers all these services in-house, rather than relying on subcontractors for help.
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 centralized coal plants will soon be a thing of the past, and a future filled with renewables and small-scale, gas-fired production beckons.