5 Ways to Power Your Business
Powering your business is more than just flipping a switch. It’s about making strategic choices that align with your values, optimise costs, and reduce environmental impact.
Through strategic decision making, your business can achieve cost reduction while also playing a part in creating a greener and more sustainable future. Here we will explore five ways to power your business, providing valuable insights to drive your organisation towards a brighter and more efficient tomorrow.
Central grid energy, distributed throughout the UK via District Network Operators (DNO’s), is the most common choice for businesses. It offers reliable and stable power, ensuring uninterrupted operations, and as the grid becomes less carbon intensive, so does your business! However, relying solely on the grid makes your business vulnerable to wholesale market volatility which can lead to uncertainty regarding operational costs. Additionally, it limits your control over the non commodity elements that a business is responsible for, and the carbon intensity of the grid is decreasing, if it were to increase, this could affect any sustainability and environmental goals your business might have.
Private Wire Supply
Private wire supply involves establishing a direct connection to an independent energy generator, such as a solar or wind farm. This option can result in significant cost savings, as it bypasses utility companies and their associated charges. It also provides energy security and gives you increased control over your power supply. However, implementing a private wire supply requires high upfront investment and may not be easily scalable. Ongoing maintenance is also necessary to ensure optimal performance.
Combined Heat and Power (CHP)
Also known as cogeneration, it simultaneously generates electricity and usable heat from a single energy source. This method can improve efficiency, resulting in cost savings and enhanced reliability. However, the initial investment for CHP systems can be high, and it may not provide complete independence from the grid. Additionally, the environmental impact depends on the type of fuel used, as non-renewable sources can contribute to carbon emissions.
Solar PV (onsite)
Solar PV is a renewable energy technology that converts sunlight into electricity through the use of solar panels. Businesses opting for solar PV can experience significant environmental benefits by reducing greenhouse gas emissions and dependence on fossil fuels. Businesses can take advantage of tax incentives and rebates provided for adopting renewable energy solutions and experience energy independence, allowing businesses to generate their own electricity and mitigate the impact of power outages or rising energy costs. However, there are certain challenges associated with Solar PV adoption. High upfront costs for equipment and installation can be a barrier. Solar PV systems are also weather dependent, relying on sunlight availability, which can affect consistent energy production and regular maintenance is also required to ensure the system operates at peak efficiency.
Other Natural Resources
Harnessing other natural resources like wind, hydro, geothermal, and tidal energy offers additional renewable and eco-friendly power options. These sources provide stable energy, reducing reliance on non-renewable fuels, but these options are only viable if your business is in the right location. Wind turbines utilise the power of wind to generate electricity, while hydroelectric plants convert the energy of flowing or falling water into power. Geothermal systems tap into the Earth’s natural heat to produce energy, and tidal turbines harness the power of ocean tides.
Remember, powering your business is not just about functionality; it’s an opportunity to shape a sustainable and responsible future. By making an informed decision, you can lead the way in driving positive change. Although many of the options here have a high upfront cost, there are different financing options available. Take a look at our article 5 Ways to Finance Energy Efficiency Projects to learn more about the different financing options available to businesses.
Our team of experts is ready to assist you in navigating these options, analysing your unique requirements, and finding the ideal solution for your business.
Creative: Sophie Parrington, Marketing Assistant
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