Joe Terrett, Plant
Only 30% of survey respondents have implemented or plan to use energy storage. PHOTO: FOTOLIA
Summary
When it comes to energy and carbon management, businesses may believe they’re ready for a decentralized, decarbonized and digitized future, but a survey of large corporations (US$100 million or more) suggests otherwise.
Schneider Electric’s global study of 240 organizations in 11 segments, including consumer goods and industrial, found many are not taking the necessary steps to integrate and advance energy and sustainability efforts.
The global company, which focuses on energy and carbon management, and automation, attributed their false sense of security to fairly conventional approaches to these issues. Projects in development or initiated tend to involve energy, water and waste conservation; and aside from renewables (completed or planned by 50%), few are implementing more advanced strategies and technologies.
Eighty-one per cent of companies have made energy efficiency upgrades or plan to within the next two years, while 75% are working on reducing water consumption and waste but just 30% have implemented or plan to use energy storage, microgrids, combined heat and power or a mix of the technologies. And only 23% have demand response strategies in place or plan to do in the near term.
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