Without a utility management strategy, you may be throwing money away
Updated on February 12th, 2021
A recent article on HBR.org reported companies waste 30% of the energy they consume (source: U.S. Environmental Protection Agency). A lack of proper utility management was seen as a result of siloed decision-making leading to wasted utility costs. Intelligent utility management means treating electricity, water, thermal and gas utilities as strategic resources, not just expense line items.
“Eliminating the 30% of unnecessary consumption can improve profitability, reduce equipment downtime, become a competitive differentiator, and lower carbon emissions. The marginal effect on profit through reducing utility costs can be significant. Every dollar saved in utility costs becomes an additional dollar of net profit.” See the Harvard Business Review article here: Companies That Don’t Manage Utilities Strategically Are Throwing Money Away