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More than 50% of businesses say they’re ‘least advanced’ when it comes to energy

(February 4, 2019) – As featured in Greentech Media with Dan Svejnar, Vice President, Head of Commercial North America for Centrica Business Solutions. Advances in energy solutions and innovative financing could help far more organizations invest in their energy strategy and sustainability efforts, according to a study by Centrica Business Solutions.

The energy landscape is moving rapidly through a period of decentralization towards localized energy sources, as increased demands for energy put more pressure on existing energy infrastructures. Forward-thinking businesses are implementing energy strategies that allow them to take greater control of their own power supply and turn energy from a cost to an asset. These businesses are embedding sustainability at the heart of the their energy strategy and are looking for alternative sources of power that are more affordable, resilient, flexible and more environmentally sound.

Businesses are starting to discover the wide-ranging benefits of transforming from energy customers into energy creators by implementing an energy strategy that utilizes energy solutions to analyze, generate, store, and even sell power.

As featured in Greentech Media: Despite the headlines about bold renewable goals and organizations like Google committing to deeper sustainability missions, comprehensive energy strategy continues to be a struggle even for large energy users. According to The Energy Advantage Report – a study by Centrica Business Solutions – one in three organizations are thinking about how energy can contribute to business growth, drive deeper efficiencies and reduce risk. And yet, the study found that more than half of businesses identified themselves in the “least advanced” category when it comes to energy strategy, while less than 10 percent considered themselves “most advanced.”

In other words, there’s a pretty sizable disconnect between businesses that would like to approach energy differently and those that actually do.

“It’s not that they don’t have the interest; it’s just that they don’t have the resources and time,” said Dan Svejnar, Vice President, Head of Commercial North America for Centrica Business Solutions.

But the time is ripe for the self-described "least advanced" organizations on the energy spectrum to get access to some of the same opportunities the Googles of the world have long embraced. A confluence of technological advancements, regulatory changes, overall price declines and novel financing packages now make a range of clean energy solutions attainable for many large energy users and not just a few sophisticated, global organizations.

To summarize:

  • Powering performance, not just buying energy – while the energy sector is evolving faster than it ever has before, many businesses still see energy as a cost and not an asset that they can monetize.
  • Find the right energy partner – investing in energy solutions like demand response or flexible backup power does not necessarily require deep expertise, but it does call for finding an energy partner that understands what solutions fit a company’s energy profile and economic needs so they can build a tailored solution.
  • Innovation beyond technology – a host of innovative financial solutions are offering businesses the opportunity to make investments in energy solutions that even a decade ago would have been too much of an upfront capital expense.

“Many businesses are focused on more traditional methods of adding revenue streams or cost-cutting in their business,” said Svejnar, “and they just aren’t thinking about using energy in this way.”

Media Contact:
If you are a journalist and would like to get in touch with our media team, please contact media_NA@centrica.com.