Presentation Title:

Shared Energy Management Services For Small And Mid-Sized Facilities To Support Decarbonization

Track I: Decarbonization and Electrification

Session I1: Energy Software and Modeling as a Decarbonization Strategy

Day 1  3:00 pm

Speaker(s):

Abstract:

According to the International Energy Agency, Doubling the rate of energy efficiency improvements between now and 2030 is critical to put the global community on track for net zero by 2050. Technologies and business models such as ESCO or even super ESCOS have been focused on Implementing Energy Efficiency Projects for large energy users.
Despite having significant energy efficiency potential, several key barriers hinder the ability to achieve energy savings at small- and mid-sized facilities. These include a lack of capital budget to self-finance energy efficiency investments. A high ratio of transaction costs (i.e., conducting preliminary and detailed audits and establishing M&V protocols) to total project costs hinders the cost-effectiveness of deals. Lack of internal human resources to identify, execute, and verify energy conservation/efficiency projects.
A shared energy manager can help in addressing specific barriers in the facility and demonstrate the benefits of an energy management program by achieving sustainable cost reduction.
This paper shares a case study on how a Shared Energy Manager Model helped a commercial facility in Toronto address the barriers to Implementing an Energy Management Program in the facility.