Declare energy independence this Fourth of July with a resilience plan
There’s no better day to celebrate independence for your business by taking control and generating your own reliable supply of energy.
July is about celebrating American independence. What better way to show your independence than to rely less on traditional, sometimes unpredictable energy sources from the grid – and instead, generate your own efficient power on site by leveraging your existing assets?
The role of energy is changing
As the energy landscape undergoes a radical transformation – from a world of large centralized coal plants, to a decentralized energy world made up of distributed energy solutions, on-site generation (including commercial solar, cogeneration, and back-up generators), and energy efficiency measures – the stability of electricity supply will affect energy pricing. The challenges that the growth of renewables bring to the grid, in terms of intermittency, mean that transmission and distribution costs are set to consume an increasing proportion of bills.
It’s imperative that businesses plan for these changes in order to mitigate threats, avoid disruption and keep ahead of the competition.
Ensuring your business has a resilient energy supply helps insulate against price increases or fluctuations in supply, becoming critical to maintaining operations and reducing commercial risk. Causes of resilience issues can include power surges, weather, natural disasters, accidents, and even equipment failure and human operational error.
What can you do to protect your business?
Follow these steps to ensure your business is making steps toward energy resilience:
- Identify and assess the risks.
- Build in resilience where possible. This can vary widely by industry but can be accomplished by reducing reliance on the grid or generating on-site power (full time or as a back-up). Depending on your predicted cost of loss of power, you can make a financial decision on the scale of what you need to invest.
- Put contingency measures in place and make sure the proper functions are trained on executing the plan in the event of a power failure.
Build a ‘power plant of the future’
The most forward-thinking businesses are those who are taking control of their energy supply. They are facing a changing energy landscape by increasing the amount of power they self-generate as opposed to pulling energy from the grid. Our new research report reveals that energy security is seen as one of the fastest growing business risks, with 35% of businesses viewing energy security as a substantial risk to their long-term economical success.
In addition, four in five businesses are planning to increase the amount of power they self-generate by 2025. And when they manage their excess energy in-market to balance the grid, they will essentially become the ‘power plants of the future’.
Centrica Business Solutions is helping organizations across the country turn from energy customers into energy creators and build their resilience strategy. We helped the City of Bridgeport develop a microgrid solution to power key municipal buildings and critical facilities like City Hall, Police Headquarters, and the Golden Hill Senior Center. The standalone system provides uninterrupted, environmentally-friendly and reliable power.
Maintain a consistent supply of energy in times of need
For sectors such as manufacturing, healthcare, assisted living and education, any issue surrounding unstable or failing energy supplies will affect operations, making resilience business-critical especially when people’s lives could be at stake.
Consider a food manufacturer that experiences a power failure. Their food could be exposed to temperatures outside standard guidelines. If that food makes it to the shelves of the grocery store, only to be recalled later, that food manufacturer could face negative brand implications that will impact their reputation. Surely the cost of implementing energy resilience would outweigh the loss of sales the brand would experience in this scenario.
Take the first step in declaring energy independence
Demonstrate your leadership in your industry and community. Contact our team of experts today to learn more about our distributed energy and on-site energy generation solutions that can help you build a comprehensive resilience strategy.