Energy Management: An Energy Strategy for the C-Suite

Aashish Yadav | July 29, 2022 | 224 views | Read Time : 03:05 min

Energy Management: An Energy
Every year, large corporations spend millions, if not billions, of dollars on energy—and millions more on supply chain, outsourcing, and logistical expenditures. Outside of the most energy-intensive sectors, however, the majority of businesses regard energy as just a cost to be managed. This is a strategic error that misses out on the significant potential to decrease risk, boost resilience, and generate new value.

Today, energy is moving up the corporate agenda as a result of broad environmental, social, and economic developments, such as climate change and global carbon regulation, growing demands on natural resources, increased standards for corporate environmental performance, advances in energy technology and business models, and dropping costs for renewable energy sources. These major trends alter the environment in which businesses operate, exposing them to new risks and value-generating opportunities.

PWC surveyed major commercial and industrial enterprises based in the United States and discovered that 72% are actively exploring new renewable energy acquisitions in order to decrease emissions (85%), produce an attractive ROI (76%), and mitigate the risks related to energy price volatility (59%).

Corporate energy is a focus. Organizations in all sectors—and particularly those with large energy footprints—are encouraged to implement a C-suite strategy for energy management developed around the key points mentioned below.


Make Energy Management a C-Suite Priority.

If energy is to get the attention it requires in order to have an effect, its significance must be conveyed from the top down. This will require the CEO to designate energy management as one of the company's top objectives and delegate strategy development and implementation to the COO, CFO, or other executives.


Embrace Renewable Energy Technologies

Technology advancements, coupled with government incentives, have driven down the cost of sustainable energy. LED lighting, solar energy, wind energy, and the batteries that enable intermittent renewables, for example, have all come down in price in recent years, making these technologies more economical than before. This is significant since alternative energy solutions can provide enormous advantages to businesses, such as preparing them for future requirements, enabling them to continue operations in the case of a power loss, and strengthening their image as an environmentally conscientious brand (for CRE, this. As a result, every business energy management plan should contain a directive to adopt renewable and alternative energies at every opportunity.


Strategize Using Risk and Opportunity

The risk and opportunity factors connected to its sourcing and consumption should serve as the foundation for the company's energy management strategy. This calls for a comprehensive grasp of the company's present energy costs and the potential benefits of change. Therefore, while creating an energy management plan, businesses should think about how they can:

  • Calculate and cut down on variable energy bills.
  • Energy costs should be adjusted to improve the value and reduce expenses.
  • Increase the amount of renewable energy they utilize.
  • Reduce their carbon footprint.
  • Select suppliers that exhibit a dedication to eco-friendly operations.
  • Integrate energy strategy into the organization's goals and daily activities.
  • Make a public strategy to achieve strict emission and energy use goals.


Closing Lines

Competitive edge drivers are constantly evolving. Not a long time ago, "quality" was a fringe philosophy, and IT was just a cost center. Quality is no longer optional, and understanding big data is essential. Energy is taking a similar path. What was previously buried deep inside procurement is now emerging to take its position among the fundamental drivers of corporate success.

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Solar Energy Centre (SEC) a division of SEC Industrial Battery Company Ltd has been manufacturing, designing and distributing Solar Photovoltaic systems and Batteries for over 35 years.

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NuScale Power | September 08, 2022

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Bloom Energy | September 22, 2022

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This collaboration combines the strength of each technology – fuel cells’ ability to generate resilient, always-on power, daytime power generation from solar, and energy storage benefits from batteries – to fulfill the facility’s 24/7 power needs completely, independently, and cost-effectively. While microgrids are often implemented only to provide power to critical loads in the event of outages, Taylor Farms seeks to prove that companies can, with partners like Bloom Energy, Ameresco, and Concept Clean Energy, take control of all their energy needs and establish price and power predictability. “We are looking forward to the energy stability this will provide our San Juan Bautista, California facility,Fresh food reliability is essential for our customers and it’s more critical than ever to provide quality, fresh foods to North Americans.” -Bruce Taylor, Chairman and CEO, Taylor Farms. Per the California Independent System Operator, it is estimated that the state faces an energy capacity shortfall of 1,700MW, which could be as high as 5,000MW if California is hit with multiple extreme events at the same time, such as wildfires and heat waves. With the flexibility to leverage the right technology for the right application, companies can now avoid relying on strained power grids, as Bloom Energy and Ameresco aim to provide always-on power for Taylor Farms. Our partnership with Taylor Farms and Ameresco is a landmark demonstration of the capabilities that innovative, clean energy companies have to provide uninterrupted low-carbon power to large-scale facilities,” said Sharelynn Moore, EVP, Chief Business Development and Marketing Officer, Bloom Energy. “Our decade-long relationship with Taylor Farms is culminating in this leading application of what a microgrid can do – enabling America’s largest producer of packaged produce to maintain and improve the reliability of their power. This journey builds on Taylor Farms’ relationship with Bloom Energy and is intended to allow the produce distributor to explore disconnecting from the regional power grid amid energy price escalations and reliability challenges. “Ameresco is excited to partner with Bloom and Taylor Farms on a truly transformative project that demonstrates innovation in advanced energy technologies,We look forward to this project serving as a blueprint for others as the role for baseload, dispatchable alternative energy sources serve as the cornerstone for resiliency in microgrids.” -Ameresco EVP Michael Bakas. Working with Taylor Farms' leadership has inspired Concept Clean Energy to develop highly innovative and versatile solutions for solar canopies, rooftops and ground-mounted applications,” said Elliot Jaramillo, CEO, Clean Concept Energy. “We're enabling Taylor Farms to achieve energy independence and realize unprecedented economic returns Energy solutions, including fuel cells and solar, can be integrated at scale, to provide low-carbon energy, reliability, resiliency, and immunity to challenges facing current grid operations. At Taylor Farms, Bloom and its partners are paving the way for decarbonizing production, while showing how industries like agriculture, an important part of the California and national economies and the fifth largest source of California’s greenhouse gas emissions, can reach net-zero. Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com. About Taylor Farms Taylor Farms is a leading North American producer of salads and healthy fresh foods with production facilities across the U.S., Canada, and Mexico. Taylor Farms is grounded in a commitment to quality, assured supply, innovation, sustainability, and food safety. Taylor Farms is family owned and based in “The Salad Bowl of the World” Salinas, California. For more information, delicious recipes, and more visit www.taylorfarms.com and follow Taylor Farms on Instagram, Facebook and TikTok. About Ameresco, Inc. Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and Europe. Ameresco’s sustainability services in support of clients’ pursuit of net-zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, Massachusetts, Ameresco has more than 1,000 employees providing local expertise in the U.S., Canada, and Europe. For more information, visit www.ameresco.com. About Concept Clean Energy Concept Clean Energy is a leader in the field of renewable energy, primarily focused on the agricultural sector. Our team has created several proprietary solutions designed to maximize solar generation while keeping valuable land in production. These solutions allow heavy energy users, such as Taylor Farms, to produce large amounts of reliable clean power onsite, protect critical operations and ultimately achieve energy independence. www.ConceptCleanEnergy.com

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