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What Is Renewable Energy Procurement?

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StrategyDriven Entrepreneurship Article | What Is Renewable Energy Procurement?

You’ve just invested in a major new business. Your goal is to be as environmentally friendly as possible. So, you’ve decided that the company will be powered entirely by renewable energy. But where to begin?

Renewable energy procurement is the answer. It’s the process of obtaining the renewable energy you need for your business. It is a complicated beast.

Let’s dive in and explore the ins and outs of renewable energy procurement.

What Is Renewable Energy Procurement?

This is the process of procuring renewable energy for use in a specific project or system. REP includes acquiring clean energy from renewable sources such as:

  • Solar
  • Wind
  • Geothermal
  • Hydroelectricity

It involves assessing the benefits and drawbacks of different energy sources. It also includes creating strategies to reduce costs, minimize risk and maximize value.

Renewable energy procurement can be done on a local, regional, or national level. It depends on the size of the project or system. It often involves working with utilities, governments, and other stakeholders.

The Benefits of Renewable Energy Procurement

Renewable energy procurement presents organizations with many benefits. They all aid in the pursuit of a greener future.

Cost Savings

Organizations are able to lock in low-cost energy prices. This ensures them significant savings over time.

Renewable energy options from this best solar company are becoming more efficient. This allows organizations to lower energy costs by reducing the use of expensive fuels like oil and natural gas.

Organizations can also reduce their dependence on the traditional energy grid. This provides them with more control over their energy costs.

Balanced Energy Portfolio

Renewable energy procurement offers an array of benefits. It helps to diversify an energy portfolio. This is through reducing the risk of reliance on volatile energy sources.

Reducing Environmental Footprints

Renewable energy sources are clean. They don’t produce any harmful emissions or byproducts. Businesses can significantly reduce their carbon footprint and help limit their environmental impact.

Investing in renewable energy procurement can also help businesses gain a competitive advantage. Many consumers, local regulators, and other businesses are shifting priority. They may prefer doing business with companies that prioritize sustainability and environmental protection.

Developing Long-Term Relationships

Long-term relationships between a business and a renewable energy supplier can provide numerous advantages. These can be both short-term and long-term.

In the short term, businesses are able to access reliable renewable energy procurement at a lower cost. This is due to long-term contracts with suppliers.

In the longer term, businesses can leverage their relationships. They can take advantage of greater incentives and discounts. This can enable them to cut operational costs and increase operational efficiency. Furthermore, long-term relationships allow for greater collaboration.

Cost Considerations

Renewable energy procurement may be done directly or indirectly through a third party. Cost considerations for renewable energy procurement should include the following:

  • Cost of construction and implementation
  • Ongoing operating costs
  • Financial incentives or subsidies available

In addition, businesses should consider the environmental impact of procurement options. Also, consider efficiency improvements and existing infrastructure when evaluating cost-effectiveness.

The Steps in Renewable Energy Procurement

There are important steps in operating a successful renewable energy procurement strategy.

Identifying Your Renewable Energy Option

It is important to understand how much renewable energy you need. Additionally, you must know what renewable energy sources are available to you. It is also important to understand the technology and hardware associated.

Comparative Analysis and Making a Decision

There are several steps that need to be taken to facilitate the decision process. You can perform a comparative analysis. With this, you can evaluate different renewable energy sources, technologies, and suppliers. This analysis should include a review of resources, costs, and benefits. This will help to determine the viability of the system.

After comparing, you should make a decision should regarding which supplier is best. It is also important to consider the cost-effectiveness of the supplier. You should also know the performance outcomes that could be achieved.

Structuring a Process for Negotiation and Contracting

In this phase, the negotiating team and suppliers must agree on the terms and conditions of the agreement. Upon completion of the agreement, they can sign the final renewable power contract.

Executing the Renewable Energy Project

This step may include document execution and follow-up of payments and/or services. Once this is complete, the renewable energy project is ready to move forward.

Monitor Performance and Utilization of Renewable Energy

An important step in the process is to monitor the performance and utilization of renewable energy. This should be done by first gathering data related to the efficiency, usage, maintenance, and operational costs of the purchased equipment and services. The data should then be evaluated and analyzed to identify any weak points or areas of improvement.

It is important to review and address any issues that arise quickly. This is to ensure that the system performance meets your objectives. After every review, you must take further steps to keep the system running smoothly. This includes upgrades, replacements, or preventive maintenance.

Navigating Legal Obligations

Navigating the complex web of associated legal requirements can be challenging. Companies must ensure that contracts comply with state and federal regulations. They must ensure that renewable electricity is tracked and reported accurately.

Compliance with such regulations requires the following:

  • A sound understanding of the applicable laws
  • The associated financial impacts
  • The technical aspects related to renewable energy procurement

Companies must ensure appropriate safeguards. Safeguards include the establishment of measurement and verification protocols. This is to ensure accurate claims on ‘green energy’ are made and adhered to.

This is a task that should be handled by experienced professionals. Lawyers and energy consultants are good examples. They possess technical and operational knowledge; they can navigate these legal obligations successfully.

Understanding Renewable Energy Procurement

Renewable energy procurement is critical for all organizations. The renewable energy industry is constantly changing. That’s why it is important to stay ahead of the curve.

Organizations should take action today by engaging strategic renewable energy advisors to ensure optimal renewable energy procurement.

Learn more from other articles found on our site!

4 Effective Ways To Make Your Office More Eco-Friendly

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StrategyDriven Managing Your Business Article |Eco-friendly office|4 Effective Ways To Make Your Office More Eco-FriendlyIn 2022, there is frankly no way you can feasibly run a successful business, regardless of the industry in which your company works in, without paying due attention to the carbon footprint and the environmentally friendly nature of your core business processes.

Not only do you have a moral obligation to do all you can to reduce the amount of product waste and energy your office space uses, but also more and more customers and other businesses are choosing to only work with and alongside companies who are shown to be eco-friendly.

With this in mind, continue reading to learn of 4 effective ways to make your office considerably more environmentally friendly.

1. Recycle

One of the simplest yet most effective ways to become an eco-friendlier workplace is to remove every single individual garbage bin in the office and instead create a central station with recycling-specific trash cans which separate different types of waste products.

This way, you can easily arrange for your recycling to be collected quickly and efficiently, as it is all in one place and already organized ahead of arriving at your local recycling center.

2. Use Sustainable Materials

When your office is being redesigned, or a new structure is being created within the space, it is incredibly important to ensure that only sustainable materials and metals are used.

An eco-friendly Aluminum Composite Panel, for example, has a myriad of different uses and can be custom-made to your exact specifications, such as from Multipanel UK. Aluminum is often referred to as ‘the green metal’, as the material can be recycled again and again without compromising the quality and strength of the product.
Additionally, aluminum is entirely fire-resistant yet is effective in acting as a thermal conductor, making it the perfect metal for use in a variety of different office settings.

3. Go Entirely Paperless

Just as at home, when you receive a seemingly endless volume of advertisements, leaflets and takeaway menus printed on high-quality paper, there is also an excess of paper usage in an office environment, and in both locations, most paper ultimately ends up in the trash.

Instead, make a business decision to move forward with an entirely paperless system, even if this means having your in-house, or else outsourced, IT specialist to design extra information spaces and functions on your office intranet.

4. Switch To Renewable Energy Sources

Not only would the switch to entirely renewable energy sources make a huge difference to your company’s overall carbon footprint, but it will also make for a much more sustainable and environmentally-friendly workplace.

Additionally, it is highly likely that at the moment, devices, electronics, white goods, computers and other technologies are being left on overnight in the office, even if this is absolutely not your intention. The best way to counteract this moving forward is to designate one or two ‘green champion’ employees whose role it is to ensure that everything is turned off at the mains, or at the very least, in standby mode.

5 Qualities to Look for When Choosing Solar Panel Installers in Texas

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StrategyDriven Tactical Execution Article |solar panel installers in texas |5 Qualities to Look for When Choosing Solar Panel Installers in TexasIn 2020, solar energy was just 3% of all US electricity. But it’s projected to grow to 20% by 2050, seeing as it’s a great source of renewable energy!

In the past decade, solar panels have become more affordable, which has encouraged more homeowners to decrease their dependence on the grid.

Are you thinking of going green with solar? Then keep reading. Here are 5 qualities you need to look for when you’re choosing solar panel installers in Texas.

1. Certification and License

Solar panels are intricate and deal with electricity, so you want someone who knows what they’re doing. A fully-certified and licensed company has proof that they’ve gone through the training needed to install your system correctly.

Not only should the solar energy company be certified, but also, their electricians. This ensures that your solar panels and all equipment will be installed correctly and safely.

2. Experience

Experience is vital when hiring any type of professional. Not only does it show they have the knowledge and skill to do the job right, but it also decreases the chance that they’ll drop out of the project before everything’s finished.

Years of experience also show a proven track record. After all, it’s tough to stay in business if you don’t have satisfied customers.

3. Confidence

Any solar company worth its salt should have confidence in providing solar panel installation in Texas. They need to put their money where their mouth is and offer workmanship warranties.
These can be anywhere between 1 to 10 years; obviously, choosing a company that offers more years on their warranties is the best route.

4. Transparency

The best solar panel installers in Texas will have complete transparency about their work. They won’t have to resort to tricks to get you to commit.

For example, they should offer a free, no-obligation report, as well as a zero commitment savings report. You should never feel like it’s tough to get answers out of them or that you’re pressured to sign anything.

5. Genuine Friendliness

All too often, companies only see their customers as dollar signs. Either they treat their clients coldly or with fake hospitality, neither of which makes you feel great.

Considering that these people will be working at your house, you need to feel 100% comfortable with them. when switching to solar in Texas, you’ll want to pick a company that treats you with respect and genuine friendliness. You should never feel brushed off and instead, you should feel like all your needs are heard and met.

Choose the Right Solar Panel Installers in Texas

There may be many solar panel installers in Texas, which can make it hard to choose the best one. But by looking for the above qualities, it’ll be easier to narrow down your choices and pick the optimal Texas solar installation company for your needs and budget.

Just remember to take your time and explore your options. The time you invest into the process will pay off! HomeEnergyClub mentioned the importance of considering various electricity plans when selecting solar panel installers, particularly if you prefer not to depend solely on solar-generated energy.

If you enjoyed learning about how to choose solar panel installers, then keep browsing our blog page for more informative articles!

Ideas To Make Your Workplace Sustainable and Green

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StrategyDriven Managing Your Business Article | Ideas To Make Your Workplace Sustainable and Green

Running an organisation is no cakewalk. Managing clients and delivering on the due deadlines is one just one side of the story. But, it also involves several costs-latent and glaring. You have your employees to think about. The salaries, the bonuses, appraisals, benefits and the like make for just one fragment of the entire picture. The other piece consists of paying for several utilities like workspace rent (if you do not happen to own a workspace), catering to the electricity bills and things like those. Thus, it is clear that running a workspace involves paying quite a price (like, literally). And, truth be told, half the amount on the bill comes from paying the electricity bill.

A workplace consumes several units of electricity. Some of the usage might also be unnecessary. But, we do not realise that because we are so caught up with our work that it becomes difficult even to catch a breath. And in the midst of this hullaballoo, where the Earth’s resources are being depleted, and we are facing a tremendous energy crisis, it is important that we gear attention towards the idea of sustainable living. In this article, we have tried to put across a few ways in which we can make our workplaces sustainable and green. The onus for doing so is not only on the employers or the owners of the workspace but also on the employees. Therefore, waste no more minute and read on.

Allow Nature To Light Up The Space

Now, this might not be possible throughout the day, but it is definitely a thought to be entertained. Most work hours begin in the morning and end in the evening. Thus, you could make use of the natural light for your work at least in the first half when the sun is shining brightly outside. Obviously, there is very little that you can do when the day is all gloomy. But, on the other days, try avoiding artificial light as much as possible. Switch the lights off and see how the amount on your electricity bill comes down. It is a great energy-saving tip, and you should definitely try it out.

Check For Cheap Power Plans

More often than not, we fail to live sustainably and end up spending more energy than usual due to our ignorance and inability to acquire new knowledge. There are several cheap power plans available around you; but, you yet go for the one that you stumble upon first without any research. There’s even sites you can visit that compare business electricity prices quickly, so there’s no excuse for not doing any research. Remember that there is no glory in being inane and uninformed. Check for the plans and subscriptions around you and only then choose a befitting one for your workplace or household. Check https://strøm365.no/stromleverandorer/akraft/ to find more cheap power plans for your office and be an aware consumer.

StrategyDriven Managing Your Business Article | Ideas To Make Your Workplace Sustainable and GreenTry To Talk Your Employers Into Choosing Laptops Over Desktops

If you are an employee, you must try to talk your employers into switching over to laptops from desktops. Desktops need a continuous source of electrical energy to run, which obviously is not a brilliant idea when you are trying to cut down on the consumption. But laptops can run on batteries for a minimum of eight hours. Therefore, you must see to it that you have the option of working on laptops in your office.

If you are an employer, then you must try to replace the desktops with laptops so that your employees do not have to come over to you to talk about the move. You could be one step ahead of them already.

Do Away With Outdated Electrical Equipment

Be it air conditioners, ovens or desktops, keep tending to them, upgrade or replace them when the parts start ageing. Old electrical systems use more than the usual units of electrical energy. Therefore, if you keep using the old models and decide against upgrading the parts, you are going to receive a severe blow on your bill. You could also consider recycling your old electrical parts or appliances to make use of everything at your immediate access and reduce wastage as much as possible.

Get Some Plants To Brighten Up The Space

Now, we know that this is not directly related to the entire ‘saving energy’ drill, but we are looking at making workspaces sustainable and green. Therefore, try getting some plants that can thrive under the shade and brighten up the space. It is always alleviating to look at some greenery during stressful work hours.

Conclusion:

People make saving energy sound like a big deal when, in reality, all it requires is some conscious actions on our part. Small gestures can amount to significant differences, and we must only understand that before it is too late. Our planet can stretch itself beyond normal. But, everything has a threshold. Therefore, we need to act now before we are beyond damage reparations of any kind.

Interesting Power Generation Facts You Should Know

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StrategyDriven Editorial Perspective Article |Power Generation|Interesting Power Generation Facts You Should KnowPower generation is one of the most important industries in the world. Our world needs power, and it is crucial for us to generate enough to power our homes and cities efficiently. There are many different types of power such as oil, gas, wind, solar, and nuclear; and all of these are generated in different ways and have their own purposes.

Today we are going to explore the latest power generation technologies and share some interesting facts about power.

1. Coal power plants emit something called Fly Ash, and this substance is 100 times more radioactive than a nuclear power plant of the same size.

2. William Kamkwamba powered a whole village with a homemade windmill. After reading about windmills at his local library, he built a windmill out of scraps and powered his entire village in Malawi.

3. Denmark is one of the most efficient wind power users in the world, and in 2013 on the 28th October, wind power was generating enough energy to power 122% of the county’s needs.

4. The UK is known for its love of a good brew. There is a power station inside a mountain called Dinorwig station whose sole purpose is to cope with the spike in power usage during the ad breaks on TV when people switch on their kettles.

5. Sweden asks for trash for Norway to use their Waste-To-Power plants, because they are so good at recycling that they never have enough to use.

6. Nuclear power is always associated with disasters such as Chernobyl, but they actually save lives every single year. Lower air pollution caused by less coal usage has saved over 1.8 million lives between 1971 and 2009.

7. In 1963, all private power companies were bought by the Quebec government. This has since led to the ability for them to focus on renewable energy sources, and right now hydroelectricity accounts for 96% of power in Quebec. As well as this, energy rates are some of the lowest in North America.

8. Hydroelectricity powers 99% of all Norway, this is the highest rate in the world.

9. The Titanic was a tragedy, and it should be known that engineers stayed on the ship to keep the power running to allow others to escape. No engineers made it off the ship.

10. If you are ever locked up in Brazil, you can reduce your sentence by riding on an electric bike to power a nearby village.

11. Termites might be America’s best hope for renewable energy in the future. It has been found by The U.S. Department of Energy that termites produce 2 litres of hydrogen every time they consume a sheet of paper. They are efficient and they could be a great way to power the country.

12. France produces a lot of nuclear energy, and because it is in surplus of the needs of the country, they export it to others and make a generous profit.