Join industry experts, large energy consumers, and solution providers working to overcome barriers to their projects.
TL;DR
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Inflation, interest rates, and instability will increase the price of energy this winter.
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These pressures are also making clean energy projects more expensive to get off the ground.
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Sign up for EnPowered’s webinar and learn how to fight these issues and start projects today.
Energy prices have businesses on the ropes—and a recession is about to tap in. You can’t ‘take five’ to catch your breath, but there are strategies that will help reduce your energy costs.
Inflation, higher interest rates, global instability, and supply chain issues are all contributing to rising energy prices.
There are assets available to businesses reducing their energy costs, but many choose to protect their capital budget instead of using it to start new projects.
On December 6, EnPowered’s Tomas van Stee is hosting a panel of energy experts to discuss how businesses can overcome budget issues, and start their energy projects without a large, up-front capital expense.
If your business likes reducing their energy costs (and who doesn’t), joining our webinar will give you the latest best practices, with an eye to the future.
Here’s five things you’ll learn from our webinar Reducing your energy costs during a recession.
1. How to mitigate the impact of rising energy prices in the coming season.
Several variables are impacting both energy prices, and your ability to combat them. The war in Ukraine, and its impact on fuel trade, is putting pressure on natural gas prices, a situation that will likely worsen this winter as supply gets more scarce.
The risk of extreme weather events and grid failure increases the risk of painful price spikes, like those seen in Texas last year, when electricity prices jumped to over $9,000 per megawatt (MW).
Meanwhile, the energy projects that can solve these problems are getting more expensive. Record inflation is increasing the cost of waiting to invest in energy assets, but for companies who start now, interest rates are increasing the cost of borrowing.
In our webinar you’ll learn strategies for minimizing the impact of high energy costs and price spikes this winter, and in the future.
2. Energy-efficiency projects you can start without committing budget.
Reducing your energy costs directly benefits your bottom line, but the cost of taking action can seem daunting. That said, your future energy savings are a powerful (pun intended) tool you can leverage.
At our webinar, we’ll share strategies and programs that will reduce your costs without subtracting from your capital budget. You’ll also learn how those savings can cover all expenses throughout the duration of your projects.
3. How much waiting to start projects actually costs you.
For businesses that need to upgrade their systems to save energy effectively; such as heating, ventilation and cooling (HVAC), and building management, it can feel risky to start high-cost projects during a recession.
However, the cost of waiting to start those projects can be more damaging to your capital budget. While inflation is raising the price of those assets at an unprecedented rate, you’re also losing savings (up to 70 percent!) on a monthly basis.
Ironically, the cost of waiting can double your project’s original cost within a year.
In our webinar, you’ll discover the true cost of waiting, and how your energy-efficiency projects will actually benefit your company’s financial health, not detract from it.
4. How to use curtailment to enhance the value of your new assets.
Energy-efficiency solutions reduce your overhead, but they work even better when paired with energy programs. These programs offer substantial savings, as much of your energy bill is determined by only a few peak hours each year.
Businesses who have the best results deploy a winning combination of energy assets and programs to maximize their savings.
In our webinar, you’ll learn about the latest automations, smart building systems, energy solutions, and coincident peak programs, and how they work together.
5. How to overcome objections from your team that cause delays.
Successful energy efficiency projects don’t get anywhere without buy-in from your team members, particularly CFOs. Projects with clear savings potential are often passed over because those responsible for approval can’t buy into the up-front expense, or the current cost of borrowing (as interest rates rise).
Our panelists will discuss best practices for showing finance teams net project savings, from the day the project is started. You’ll also learn to influence stakeholders by showing how your projects benefit their areas of responsibility.
Actionable insights from leaders in energy efficiency.
Our upcoming webinar will prepare you to reduce your energy costs during a recession while still realizing your efficiency projects. On our expert panel, CEO Tomas van Stee will be joined by:
- Tilo McAlister, Head of Strategic Marketing at T&T Power Group.
- Tobias Janes, Director of Technical Solutions at EcoPilot.
- Jon Bryan, Chief Efficiency Officer at Swantech.
The webinar is on December 6, 2022 at 11:00 a.m. Eastern time. Sign up to join an audience of large energy consumers and solution providers working together to combat their energy costs and overcome the barriers holding their projects back. We look forward to seeing you there!
