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To what extent is it possible to produce your own energy?

The idea of ​​producing your own energy is a process that has become much more feasible in recent years, as the price of renewables has fallen and financiers, regulators and businesses have become more comfortable with it. idea of ​​distributed production.

On-site clean energy production can use a number of different technologies, depending on the individual situation of your facilities. These include solar, wind, hydroelectric and biomass energy. The most common are solar panels, which can be easily installed using a modular approach, according to E.ON’s product manager, John Martin. But of course, it’s not for all businesses, he explains. “If you have rooftop space or land nearby, or even parking with carports, they’re easy to set up,” says Martin. Although the price of the energy produced is not quite competitive with the grid at this time, you get price certainty and avoid future price fluctuations. “

While the benefits of taking steps to support your own energy supply are clear, it pays to be thorough in your preparations for installing on-site energy solutions, he stresses. “In addition to your own energy profile, you need to understand the costs associated with grid reinforcement on your local energy grid, the necessary permits and planning, and the optimal technology options,” he explains. “You have to study the market because the costs of technology are going down all the time, but different options have different capabilities. “

The carrot and the stick

And what about the costs? Do you want to fund it with cash or do you need to look at the funding options available? One of the main challenges in getting your business to generate its own electricity is getting buy-in from senior management. “They often say it’s a good idea environmentally, but it’s too expensive,” says Martin. “However, clean energy options are constantly moving closer to economic parity, and clean energy can give you greater certainty over your costs, allowing you to reduce risk and lower your emissions at the same time. to go to net zero is only going to increase It makes sense to start now when there are more carrots – than to have to do it later when there are more sticks.

To read the full article, download the free and exclusive “The Race to Net Zero” guide from BusinessGreen. Click here.

This article is sponsored by E.ON.


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