In recent decades, global economic development has increasingly been impacted by energy and sustainability considerations. While corporations in previous eras were not concerned with the environment, todays companies – whether catalyzed through government legislation, consumer demand, or a sense of social responsibility – companies are developing and growing their businesses with the environment in mind. This “green economy” takes in account the full cost of an operation.
Nearly two out of three millennials – who now hold the lion’s share of spending power and guide the requirements for tomorrows facilities – prefer to spend their money with corporations who promote social change and responsibility. Furthermore, 60% of consumers of all ages are willing to pay more for products from companies that promote sustainable business practices.
The green economy is here to stay.
Why a Focus on Buildings?
Buildings consume 40% of our energy and are the greatest contributor to GHG’s. Most buildings are not energy efficient and yet have a very long life span. As such, building owners need to anticipate the needs of their tenants for the next 50 years. Given that the younger generations are much more concerned about the environment, building owners are more motivated now to build better and retrofit existing buildings.
Why do we care?
With all the attention on reducing green-house gasses, most tenants are demanding facilities that are energy efficient and align with their sustainability values and market reputation. As commercial facility managers are concerned with tenant attraction and retention, building owners are now taking steps to address the energy consumption at their facilities. By reducing energy and lowering operating costs, tenants and building owners are able to share in the savings.
Resilience to climate events is a component of any disaster recovery plan. Buildings that can demonstrate more reliable access to power are more attractive to today’s tenants.
Where do I start?
However, building owners and operators are now inundated with a wide range of energy savings technology and service offerings. As the green technology market is still immature, there is no clear strategy that defines the best route to success – leading to the question “Where do I start?”.
The Energy & Sustainability Strategy provides an understanding of the needs of the facility and an assessment of the technology options that will address these needs, answering questions like: Which solutions are right for my facility? How do I assess all the options? How do I maintain control over my facility? How do I know I am getting the forecasted benefits?
What do we do?
eDecisions develops comprehensive energy and environmental management strategies for companies, municipalities and communities. As a fully independent organization, we provide objectivity in measuring the energy needs at a facility and assessing the financial and environmental feasibility of a wide range of energy efficiency solution options.
eDecisions has developed an Energy Efficiency Economic Simulator which assesses the feasibility of a wide range and combination of energy efficiency solutions.
For existing buildings, eDecisions will work with building owners and building managers to develop an energy model for their facilities. For new construction projects, the eDecisions team will leverage the design phase energy model. These models are then used to evaluate the economic and environmental impact of solution options.
Once an energy efficiency solution is in place, the eDecisions Data Centre will monitor the operational performance of the facility. This data is used to periodically generate financial and environmental reports for all the stakeholder groups in the projects (owners, operators, users, public). Facility owners are always interested in tracking the savings, their actual return on investment (ROI), energy efficiency and GHG reductions over time. This is especially important to those facility owners that are depending on government programs that require specific energy efficiency and GHG reduction targets.
The Energy Efficiency Simulator considers a wide range of solution options and combination of solutions, including:
- Combined Heat and Power
- Solar PV
- Solar Thermal
- Grid scheduled batteries
- Organic Rankine Cycle
- And others…
For years, eDecisions has serviced Energy & Sustainability market in Alberta. Our management consulting practice is supported by processes and technologies that help decision makers better understand the financial and environmental value of a wide range of energy efficiency solutions.