By Sunny Lewis for Maximpact LONDON, UK, March 20, 2023 (Maximpact.com Sustainability News) – “The decline in private equity and venture capital dealmaking is widespread across sectors of the global economy, with just a few exceptions. One of them is energy efficiency,” declares the S&P Global Market Intelligence report published in November. Nowhere is energy efficiency […]
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Trials started this week for Inflexion, a Vehicle-to-Everything (V2X) bidirectional charging program built by a UK energy software company to secure a stronger electricity grid. Inflexion allows charged electric vehicles to send power to consumers’ homes or offices in off-peak hours, when costs and carbon levels are low and sell the clean energy back into the grid during peak use when costs and carbon emissions are higher.
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Energy consumption and greenhouse gas emissions in European buildings and construction have ballooned to an all-time high from lower levels during the worst of the COVID-19 pandemic. In 2021, this economic sector accounted for over 34 percent of energy demand and 37 percent of energy and process-related CO2 emissions – now the European Union is urgently activating a new strategy.
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It is estimated that 60% of all energy used is wasted due to inefficient systems. Municipal buildings and services have a huge energy savings potential, which can reduce their overall energy consumption and energy costs. Artificial intelligence (AI) can help municipalities solve a multitude of problems by identifying where energy is wasted and thereby making them more efficient and helping them convert into smart cities.
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Climate change is one of the most pressing issues of our time, and the time to act is now if there is any chance of combatting and reversing its effects. The 2019 Climate Action Summit will unite global key players to meet the climate challenge and put the Paris Agreement into action.
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The deadline for Article 8 compliance is 5 December 2019 in most countries. In order to comply, you need to submit or have available an energy audit report that meets all national requirements. Maximpact can help.
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“Artificial intelligence or AI involves a computer’s ability to adapt to a situation and create a unique solution that was not directly programmed. The energy industry has been tapping into the innovative world of AI to learn how to improve processes, ensure energy resiliency and to enhance the customer experience, among other pertinent goals,” Chris Buzby writes on the Constellation Energy Resources blog.
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Many industrial companies spend more than 15% of their operating costs on energy. Those same companies stand to improve their profits by between 2% and 10% each year just by saving energy.
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Under the European Union’s primary law to boost energy efficiency – and meet the EU target of cutting energy use by 20 percent by 2020 – all companies with more than 250 employees must conduct an energy audit within a common framework once every four years. The next deadline for compliance is December 5, 2019.
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It is becoming increasingly important for hotels, and the hospitality sector in general, to implement energy efficient practices. In doing so, the establishment will not only reduce operational costs but also their carbon footprint.
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Energy consumption in hospitals is a growing concern not only due to the costs involved but also because of the impact it is having on the environment.
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As most factories and production facilities are energy-intensive, AI and data-mining can be of particular benefit as a means to reduce consumption.
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Government ministers, top business executives and thought leaders from around the world have been named to a new high-level global commission on ways to rapidly accelerate progress on energy efficiency through new and stronger policy action.
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With developments in technology and the growth of Artificial Intelligence (AI), it is now possible for all businesses to monitor their energy outputs and become more energy efficient.
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