Energy waste occurs in many ways. For example, an office with lights that don't switch off after employees leave, or a factory with leaky pipes will both waste electricity, heat, and other forms of power.
There are many ways to reduce wasted energy, including energy saving strategies and technologies such as replacing inefficient equipment with energy efficient equipment, and installing programmable thermostats to automatically adjust heating and cooling levels based on occupancy. Additional ways to prevent wastage of electricity include switching to systems that generate energy from renewable sources like the sun or the wind, coupled with battery energy storage solutions to stockpile energy for use when the sun isn't shining or the wind isn't blowing.
Why is it important to reduce wasted energy?
Reducing wasted energy is good for the environment and good for the bottom line. There are many ways to reduce energy waste, but what they all have in common is that they will cut your utility bills and your greenhouse gas emissions at the same time. For example, reducing energy waste in manufacturing and improving production line efficiency is essential if manufacturers are to comply with mandatory greenhouse gas emissions regulations.
As more and more industries transition to renewable energy in order to meet their sustainability goals, flexibility in the way electricity is generated combined with energy conservation and storage techniques can help you reduce power consumption and save energy. Services such as Demand Response are a way to increase flexibility and reduce energy waste.
Ways to reduce wasted energy in your business
There are many ways to reduce wasted energy so that you can improve your business' bottom line and also shrink your carbon footprint. The question of how to reduce wasted energy can be answered by, for example, optimizing the use of refrigeration and chilling, which can account for up to 50% of a site’s energy costs. Another useful tip is to maintain boilers and heating distribution systems on a regular basis, as poorly operating boilers can add 30% to heating costs. You can also replace older lighting technologies with LED lighting, and replace inefficient boilers with Combined Heat and Power (CHP) units, which can achieve energy cost savings of up to 40% and reduce CO2 emissions by up to 30%.