Energy producers can enhance their on-site resilience and revenue-generating assets at a low or no cost by monitoring the current energy use.
Fremont, CA: Numerous elements are influencing how forward-thinking organizations handle their energy. The energy industry is transforming due to decentralization and digitization, offering consumers unprecedented control over their energy consumption and budgets. Businesses are increasingly utilizing on-site energy assets for purposes other than resilience. They're utilizing them as a source of revenue and cost savings. Energy management is no longer a matter of cost. It is a sophisticated combination of supply and demand side tactics to reduce energy use and strategically shift it to generate a competitive edge in today's hyper-competitive business environment. Leveraging on-site energy assets and energy flexibility enables an organization to obtain a competitive edge through cost savings, new revenue streams, or self-sustaining energy-producing or storing assets.
Asset optimization for an excellent energy strategy
Monetizing existing assets or processes
Increase revenue streams by incorporating energy flexibility into the business processes while assisting in meeting the organization's corporate social responsibility goals. Asset Optimization enables an organization to cut its energy use amid grid stress or move it to lower prices by leveraging automated processes to access previously untapped revenue streams. A company can monetize its existing assets by offering a range of services to the grid operator and utility in order to generate new recurring revenue streams that it can reinvest in its business.
Upgrade on-site assets
By investing in or upgrading the on-site power and heat-producing assets, a company may reduce operational expenses and carbon emissions while also protecting its business from ever-rising energy prices. Energy-generating assets can be utilized to provide services to grid operators and utilities; the revenue generated by these services can be used to offset the cost of upgrading or purchasing new energy-generating assets. Installing cogeneration, solar, or backup generation at a reduced cost enables the business to take advantage of the distributed energy benefits. This has a number of benefits for an organization, including increased resilience, financial savings, and a smaller carbon footprint.