Corporate CEOs need proactive energy strategiesErnst & Young has released its Global Annual Cleantech Insights and Trends report, and the results have a strong message for utilities who are willing to listen. According to the survey, the largest global corporations are already tackling potential future energy cost rises through C-suite engagement and proactive energy strategies. Of respondents, 42 percent estimate they spend at least $50 million in energy costs annually; 27 percent estimate spending more than $100 million annually. "While cost reduction is cited most frequently as the primary objective of corporate energy strategies, a number of other energy-related risks are also being addressed, such as energy security, carbon reduction and price stability. Regulatory compliance, together with reputational and brand aspects, also plays a part," Gil Forer, Ernst & Young's Global Cleantech Leader, said. CEOs are generally the final decision-makers related to these issues, spotlighting how critically important energy issues have become. "As a result, energy-efficiency measures, company self-generation of energy and integration of renewable energy into the corporate energy mix are all being implemented at increasing rates to meet these ends and are set to accelerate further over the next five years." In regard to renewable energy, 59 percent of respondents reported that their renewable purchased energy levels are likely to increase over the next five years. If utilities have not started energy-efficiency and renewable energy conservations with these CEOs, they may want to plan their strategy and start talking. When it comes to an overall corporate energy mix strategy, only those companies that have a comprehensive and diverse energy strategy will be able to create a competitive advantage in the new world of a more resource-efficient and low-carbon economy. For more: Related Article:
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