It’s a new year, and with it comes new opportunities, innovations, and trends that will shape the future of sustainable energy. As we progress into 2024, the significance of reaching net zero is far more crucial now than ever before. Now is the time for businesses to lead by example, setting a course towards a sustainable future and demonstrating commitment to environmental change. In this blog we will explore the different pathways which could assist in leading your business to reach net-zero.
Energy Reporting for Transparency and Progress
Energy reporting involves tracking and monitoring energy consumption to create a cost-effective strategy, identifying areas of waste. Consistent monitoring can assist businesses in saving energy, staying compliant with government regulations, and making informed decisions through transparent and detailed energy data. This allows for the tracking of progress towards emissions reduction targets, and the implementation of energy-saving measures.
The Efficiency of Energy Management
Energy management utilises energy monitoring to review your consumption with the aim of making your energy costs as accurate as possible, checking that suppliers are not overcharging you for your energy usage. Our team of Renewables Specialists can navigate the complex energy landscape for you, reviewing contracts and analysing your energy usage regularly to assist with keeping costs low and efficiency high where possible.
The Power of Solar PV
Projections indicate that, under current policy settings, renewables will contribute a staggering 80% of new power generation capacity by 2030, with solar alone accounting for over half of this expansion.
The appeal of solar energy lies in its unrivalled abundance, reliability, and eco-friendliness. The solar market has exhibited an impressive 9.95% Compound Annual Growth Rate (CAGR) from 2020 to 2027. Solar energy proves to be a cost-effective solution, with the added advantage of government incentives and tax credits. Further, its reliability is unmatched, offering a consistent energy production pattern ideal for areas with unstable power grids or remote locations lacking grid access, while significantly reducing carbon emissions.
The Benefits of Combined Heat and Power (CHP)
Other renewable energy solutions include CHP, which simultaneously generates electricity and heat from a single fuel source, allowing businesses to utilise the heat produced by the generation of electricity which would otherwise be wasted. This efficiency improvement can lead to lower fuel consumption and, consequently, reduced greenhouse gas emissions, helping to mitigate the environmental impact of energy generation.
Wind Power Technologies
Wind power is a crucial pathway to carbon net-zero, offering a renewable and scalable solution. By displacing fossil fuel-based electricity generation, it significantly reduces carbon emissions. Ongoing technological advancements enhance efficiency, affordability, and accessibility. Supported by government policies, wind power makes substantial global contributions to clean energy, playing a pivotal role in the transition to a low-carbon future.
Intermittency Setbacks
In the journey towards embracing renewable energy, the industry encounters a significant challenge known as intermittency—those inevitable gaps or periods when energy production temporarily ceases. Intermittency poses a challenge, especially for solar and wind power, as they depend on weather conditions and daylight availability. However, the solution lies in addressing this challenge head-on through the implementation of energy storage systems.
Energy Storage Solutions
As we stand at the beginning of a new year and a transformative era, the journey to net-zero beckons! By embracing renewable energy solutions, prioritising energy reporting, and implementing net-zero pathways, businesses can lead the way toward a sustainable future.
At Renewable Energy Solutions, our team can help you with sustainable energy sourcing and implementing carbon net-zero pathways into your business. We offer a tailored approach so that we can implement the most suitable solution for your specific business requirements. Book a consultation today with our Renewables Specialists and find out if we can help you with your net-zero pathway commitments.
