Energy resilience is a strategy designed to ensure stable energy supplies and to protect against disruption to business operations and to the public good. Unstable energy supplies can affect vital sectors such as manufacturing, transportation, health care and education. This makes energy resilience business-critical, especially when people’s lives could be at stake. Energy resilience also helps companies insulate against price volatility and fluctuations in supply.
Why Is Energy Resilience Important in Business?
Energy resilience is critical to maintaining operations and reducing commercial risk. For example, if a food manufacturer experiences a power failure, that could have negative repercussions on the brand. How the food manufacturer deals with the power failure — for example, whether or not it has a backup system, how fast the backup kicks in, and how much or how little product is lost due to the outage — makes up its business continuity, or a company's ability to continue operations following a disruption. Energy resilience for business continuity is therefore an important aspect of risk management.
Energy resilience is also one of the elements of business resilience, or a company's ability to adapt in a changing environment, according to the ISO. The difference between business resilience and business continuity is that the first refers to how a company evolves in response to lasting change, while the second refers to how a company responds to an unforeseen event.
How Does Energy Efficiency Make Companies More Resilient?
Reliance on fossil fuels is becoming increasingly costly as governments introduce legislation designed to curb emissions. Taking steps to mitigate these financial risks — such as making a company's facilities and operations more energy efficient, or introducing renewables into its portfolio — are strategies for energy resilience. This is also why business resilience and sustainability are so closely intertwined: companies must adapt to the changing market in order to survive. This adaptation must include embracing the transition to clean energy and sustainable processes of production.
There are many ways to develop a resilience plan for your business. For example, by integrating distributed energy generation systems with battery energy storage for optimum exploitation of renewables such as the sun or the wind. Another way to become more energy efficient and resilient is to join a Demand Response program to monetize energy flexibility while decarbonizing. Enel X offers a range of business solutions and consulting services to help companies become more energy efficient, resilient, and sustainable so that they can thrive in today's complex and changing world.