A record 1.1 trillion US dollars was invested in clean energy globally in 2022. According to Bloomberg NEF, this was the first time that investment in clean energy was equal to the global investment in fossil fuels. However, the International Energy Agency (IEA) says that the world needs to immediately triple this amount to get on track for net zero emissions in 2050 – not including further investment in the global power grid.
The urgency is clear, and there are ever increasing opportunities for consumers to leverage commercial consumer energy systems (CES) to reduce costs and increase energy security, whilst delivering against net zero.
CES – or more precisely, “site level, distributed integrated clean energy systems” – enable the local integration of clean energy generation, such as solar and wind, with energy storage through batteries and the powering and heating of buildings and charging of electric vehicles (EV). These systems can often be connected to the grid, which can generate modest additional revenue for consumers where feed-in-tariffs exist, as well as helping to balance the grid, potentially further reducing the wholesale costs of electricity*.
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Cost-effective energy supply security
With volatile and rising energy costs around the world – for businesses and households alike – CES are an increasingly compelling solution to manage cost pressures, with the added benefit of reducing emissions. Furthermore, where energy supply and resilience are key concerns – for example, in communities with poor or no grid supply – CES can provide more secure supply, keeping vital energy services going for productive use, thermal comfort, lighting, wi-fi, and other modern energy needs.
Efficio conducted research for Integrate to Zero, exploring the CES market to help organisations around the globe make decisions that best meet their energy needs in a cost-effective way. The sector is growing rapidly, propped up by increasing demand, a growing supplier base, and advances in technology.
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