Volume 15, Issue 86 November 5, 2018
In this Issue
What's New in Energy Efficiency?
Editor's Note
Storage Falls Below the 5-year Average
Weather
Local Cooling Degree Days*
What's New in Energy Efficiency?
Energy efficiency can set up a more cost-effective use of energy services

 

Companies and organizations have been investing in energy efficiency for years. However, new technology continues to surface, resulting in strides such as improving the energy required to produce a unit of economic output. Even small changes in consumption can result in measurable, cumulative gains.

The federal government spent $16 billion on energy from all sources in 2016, with energy consumption by facilities accounting for $6.1 billion. This reflects a 24 percent reduction in energy consumption, as well as lower energy prices. If consumption by federal facilities can be reduced by another 20 percent, up to $15 billion over 10 years could be channeled into other energy services.

Reducing the cost of energy is good and getting the maximum benefit from procured energy across an  expanding range of goals is even better. Energy efficiency can now set up a more cost-effective use of energy services, such as distributed energy resources and storage, and in some cases, could help pay for them. Assessing age, functionality and weaknesses of control systems yields useful information in determining requirements for subsequent energy initiatives and projects.

For government and commercial sectors, Energy-as-a-Service (EaaS) is an approach that uses quantified savings from new energy efficiency investments to help defray the cost of energy, energy attributes and other services being acquired. One major benefit of energy efficiency solutions is the cost-savings that may offload the required investment, resulting in long-term savings.

While energy efficiency is not a new strategy, what is new is its application as a key component of the expanding range of energy options. 


For information about the role of energy efficiency in improving resiliency and security, download our free whitepaper, Energy Efficiency for Resiliency, Security and Comprehensive Energy Management.