An increasing number of industries are seeking to use energy more efficiently due to market pressure, public awareness of environmental sustainability, and rising energy costs and volatility. Energy efficiency (EE) is potentially one of the most important and cost-effective means by which organizations and individuals can mitigate their greenhouse gas emissions for sustainable development.
Despite the availability of cost-effective energy efficiency measures in industries, these are not always implemented due to various barriers and obstacles.
To overcome some of these barriers, EE projects can be financed by several financial options including:
- On-Bill Financing
- Property Assessed Clean Energy (PACE)
- Energy Efficiency Mortgages (EEM)
- Energy Performance Contracting (EPC)
In addition to the energy efficiency implementations described above, electrification of transportation, residential and commercial buildings, and industry presents another method to reduce energy consumption costs and greenhouse gas emissions.
If you need to implement any of these projects mentioned here, TEG can help you by providing engineering studies, and economic and financial analyses for cost-effective energy efficient projects.