From steam power to rapid transport vehicles and automated industries, humanity has come a long way. Therefore, it is not surprising that, in the last few decades, energy demand has exploded. We have managed to make most of our technology independent of fossil fuels by powering them via electricity. But electricity generation still relies heavily on coal power plants and has aggravated global warming.
One way to alleviate this massive pressure on electricity is to improve energy efficiency in India. India is one of the largest energy-consuming countries in the world and transforming the Indian industrial sector to become efficient, and self-reliant will go a long way. There is already significant pressure on the government to introduce policies that encourage sustainability. Companies can steer clear of penalties by investing in energy efficiency today and reducing their carbon footprint.
This article will discuss the future of energy efficiency in India and how companies can benefit from it.
What is Energy Efficiency?
Energy efficiency, or efficient energy use, refers to steps undertaken to reduce energy consumption. In simple words, by improving energy efficiency, more work can be performed by expending the same amount of energy. As a result, it optimizes energy usage considerably.
Energy efficiency can be integrated into a business by employing innovative technologies or reworking the supply chain. Companies can make use of IoT-enabled appliances, and modern automation tech or simply implement an enterprise-wide efficiency strategy. The return on these investments is highly profitable as they boost energy savings and help companies in attracting funding from stakeholders.
Benefits of Energy Efficiency in India
- Reduced energy costs: Energy efficiency encourages energy conservation directly and consequently boosts energy savings. Moreover, these savings can be invested into furthering business growth.
- Environmental benefits: Companies can reduce greenhouse gas emissions and significantly lower their carbon footprint by enhancing the energy efficiency of their business. It also allows businesses to become future-proof and avoid potential penalties like carbon taxes.
- Enhanced air quality: Energy efficiency in India can play a huge role in preventing air pollution. By employing innovative technologies and refining their energy use, industries can single-handedly impact air pollution and consequently improve air quality.
- Stronger brand identity: By improving the energy efficiency of their business and achieving surplus savings, companies become eligible for Energy Saving Certificates (ESCerts). These certificates are proof of distinguished, energy-efficient operations and help customers and stakeholders recognize the brand better.
Collaborate With Brands That Take Initiative
There are a lot of opportunities for Indian businesses to employ energy-efficient technology. A variety of innovations are ready to be integrated into water and wastewater facilities, residential buildings, government operations, etc. The future of energy efficiency in India is promising and companies should take advantage of the upcoming opportunities.
It not only paves the way for a sustainable future, but it is also extremely profitable for the company’s revenue. It reduces costs significantly, attracts funding, and can be used smartly to make informed business decisions. Energy efficiency is one part of enterprise efficiency and can be the beginning of a massive transformation for your business.
Schneider Electric is assisting its clients to achieve efficiency in their operations. They offer energy solutions that are sustainable and reliable. Their solution, EcoStruxure Power allows you to minimize energy use, lower maintenance expenses, and extend the life of your equipment.