Resiliency isn’t often thought of until it is desperately needed. This realization comes in time periods of hardships such as a devastating natural disaster, a terrorist attack or today’s struggle — a global pandemic. COVID-19 has left many companies and organizations struggling to survive the current economic downtown and the unknown of how long it may last.
At EnergyLink, we understand the importance of resilience, and we are experts at how to use energy to make your company resilient in two ways: financially and physically.
1. Financial Resilience
In times when revenue is uncertain, cutting costs is a must and a renewable energy project can cut your utility bill by almost 50%. Also, with the many rebates, grants, and energy bonds available, the energy savings could even self-fund these projects from day one. For more information on financing options check out our website.
A renewable energy project can make your company financially resilient by reducing your overhead costs to mitigate reduced cash flows. By integrating your HVAC with building automation systems and solar, you can simultaneously decrease your utility cost. And you can even achieve positive cash flows from day one.
Also, when times get better and consumer demand increases, your business can market the initiative taken to reduce energy consumption and carbon emissions. There is power in the brand equity and good public relations that comes with projects of this nature.
2. Physical Resilience
When we discuss physical resilience for a company or non-profit organization, the worry isn’t if you will run out of money. In this instance, it’s if your company could run out of power. As our world currently braces a global pandemic, we continue to learn the lesson that we can’t expect what is ahead. It’s important to ask ourselves how prepared we are for another future crisis and what can we do today to help us be more resilient tomorrow.
If your organization relies on the electric grid, could your company be resilient if a natural disaster damaged this? Or if another scenario happened like last year in California when Pacific Gas & Electric had to turn off the electricity to prevent starting wildfires? If your answer to these questions isn’t a confident yes, then we have solutions that can help you be more prepared.
How to be more energy independent
Here’s how different components of a renewable energy solution can help your company or organization function at a maximum level independent of the grid.
- Energy efficiency
- By installing energy-efficient technology your company can reduce the amount of energy required to maintain normal operations amd, subsequently, lower overhead costs. Up to date HVAC units and LED lighting systems are just a few examples of what we provide at EnergyLink.
- Energy storage
- Energy storage is a great way to help a company’s resiliency during a shortage of power. A battery back-up system is a great place to start. In times of distress, it’s important to have a backup in place so that, if utility companies are struggling, you still have a source of power to keep your operations going.
- Renewable Energy
- Renewable energy can be naturally replenished on a regular basis. Solar panels are a perfect tool to continually generate on-site power and make it so your organization is not reliant on its local utility grid. Strategically pairing renewable systems can accomplish that goal and olar arrays paired with battery storage can be a great option to build resiliency.
At EnergyLink, we are committed to helping our clients find energy-saving solutions even in this challenging time. For more information on how to cut costs and how to finance an energy system upgrade during this time, contact us!