Energy management is important to help you optimize the way you consume your energy resources. However, you're here to find out if energy management is something YOUR business needs.
Keep reading if you've wondered how energy management could transform your business. Uncover the practical benefits of investing in energy management for your business operations.
While the upfront costs may vary among service providers, the long-term cost-saving benefits make energy management a valuable investment. Also, with rising energy costs, it's now seen as a necessary investment for your business's longevity. Aside from increasing your overall energy savings, energy management can save your business from equipment breakdown and replacement costs in the long term.
Phantom loads, energy costs accrued even when equipment and appliances are turned off, and time-of-use (TOU), knowing when to maximize or minimize your energy use based on peak hour time frames, are just some of the aspects energy management systems can help you optimize—ultimately to improve your business's bottom line.
The keywords here are measurable cost savings. Energy management systems provide real-time data on energy consumption across various aspects of your restaurant, like refrigeration, lighting, and HVAC. This granular data pinpoints areas for improvement and allows you to track the impact of implemented changes.
This makes it easier to identify areas of high energy use, which then helps you prioritize necessary actions for optimization.
For example:
Optimizing cooling cycles for refrigerators or adjusting lighting schedules based on occupancy can lead to significant cost savings.
Energy management offers a win-win situation for your business, extending equipment lifespan and, in turn, reducing equipment-related operation costs. It does this in two key ways:
For example:
Your energy management system can detect slight temperature fluctuations in a refrigerator or abnormal variations in power consumption, indicating potential issues. This gives your business ample time to call for necessary equipment maintenance—reducing overall repair costs.
Less wasted food means less money spent on purchasing ingredients that end up in the trash, which translates directly to increased profit margins. Additionally, by understanding your business's energy consumption patterns, you can optimize inventory levels and purchasing decisions, further minimizing waste.
For example:
Let's take your walk-in cooler example and add energy management into the mix. Imagine your current cooler runs at a constant temperature, regardless of how full it is. During a slow week, the cooler might only be half full, but it's still working as hard to maintain a certain temperature for all that empty space. This wastes energy.
With an energy management system, you can implement features like:
Energy regulations are becoming increasingly strict. Implementing energy-efficient practices now helps you stay ahead of the curve and avoid potential non-compliance penalties in the future.
Additionally, your business can be better prepared for potential regulation changes by actively managing energy consumption. In turn, your business can avoid the financial burden of retrofitting your operations later to comply with stricter standards. Here's how:
To summarize the points and benefits above, investing in energy management can help future-proof your business by securing net positive ROI, optimizing your energy consumption, and reducing overall energy costs.
Here's a quick breakdown of how energy management systems can help your business achieve this:
Our solutions guarantee a 10%- 20% reduction in energy bills through user-friendly energy monitoring tools and smart energy optimisation.
To illustrate the valuable impact of energy management, feel free to check out our GlacierGrid customer case studies. These should provide you with real-world insights on how big a difference simply adding reliable temperature monitoring can make on a business's financial stability:
Energy management leads to cost savings, financial stability, and business longevity. Once your budgets are finally freed from the bondage of runaway energy costs, your business will finally have more breathing room to grow.
At GlacierGrid, we're committed to helping your business harness the power of energy management. The benefits it can bring to your bottom line make it a valuable must-have for any foodservice business.
For more information on energy management's critical role in improving your business’s savings and overall profits, feel free to explore the following resources: