UK Hospitality Sector Could Save $391 Million With Energy Management Technologies

By District Energy posted 12-13-2018 00:00

  

Emily Holbrook, Energy Manager Today

Summary

The UK hospitality sector could potentially save at least £310m ($391 million) by implementing energy management technologies, according to a new report by Centrica.

The report “Distributed Energy: Powering the future of hospitality and leisure,” found that if just 50% of businesses in the sector adopted new energy technology it would boost UK economic growth by £3.7bn ($4.7 billion) GVA (Gross Value Added) and support 50,000 jobs.

The hospitality and leisure sector is the UK’s third largest employer and spends more than £1.3bn (1.6 billion) a year on energy. Businesses have been challenged to improve their energy productivity by 20% by 2030, as set out by the Government’s Clean Growth Strategy.

Alan Barlow, UK and Ireland Director at Centrica Business Solutions, said: “New energy technology has the potential to drive growth, increase efficiency and help give businesses in the hospitality and leisure sector a competitive advantage. Investing in this area doesn’t just make sense financially. Businesses are increasingly harnessing the sustainability benefits of low-carbon energy technology to attract and retain growing numbers of environmentally-savvy consumers.”

The research suggests that savings could be achieved by adopting distributed energy technology such as efficient heating and lighting, solar, Combined Heat and Power (CHP) and battery storage. New energy monitoring technology can also help to identify inefficient equipment and processes.

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