According to reports by Al Jazeera, around 10% of the world’s energy comes from renewable sources, including solar, wind and hydro power, as well as 30% of electricity. In the UK, we are a little more along the road in terms of renewables, with 2020 seeing renewables outstrip fossil fuels for the first time ever, when accounting for over 43% of the nation’s electricity generated. There is no question that renewable energy is the way of the future, and this is also something that a lot of businesses can benefit from as well.
There are so many ideas that you need to make the most of when it comes to improving your company, and this is one of the best ways of achieving success. There are a lot of things that you need to focus on when you are trying to improve your manufacturing business, and one of the best ways of being able to achieve this includes switching to renewables; here are 3 ways in which this can help to improve your manufacturing business.
1. Saves Money
Saving money as a company is always something that you need to work on, and there are a few ways in which you can achieve this. Renewable energy is a great way of reducing your company’s energy bills, and this can be done via things like installing solar panels or wind turbines, as well as other forms of renewable energy. These can cover a significant portion of your energy bills, and according to Energysage, businesses can reduce their electricity bills by up to 75% via solar panels. Saving money as much as possible when it comes to running your manufacturing business is hugely important, and there are a lot of great things to think about here.
2. Diversifying Energy Supply
Diversifying energy supply is another excellent factor when it comes to using renewable energy to help your business improve. The great thing about this is that creating a more diverse energy supply results in a reduced dependence on imported fossil fuels. By having more options, this leaves you with more ways of being able to run your manufacturing business more effectively, and this is something that can help you achieve this. Renewables are becoming more commonplace these days, and according to a report from S&P Global Commodity Insights, the UK is targeting power 100% from renewables by 2035.
3. Greener Initiatives
Going green is even more essential these days as companies look to be more environmentally sound, and this is something renewable energy can help with massively. Making the right investments is so important, and this is something you need to think hard about when it comes to improving and assessing your green initiatives. Things like installing solar panels can produce an array of incentives for business owners, such as tax rebates and grants, not to mention allowing you to keep your business running at its peak at all times, regardless of the energy requirements.
These are just a few of the key ideas that you can use to help you improve your manufacturing business and make the right decisions to improve the way you operate. There are so many things that will help you when it comes to making your manufacturing business better, and the use of renewable energy is one of the biggest.