Practical experience reveals that energy is a firm’s third-highest cost. Businesses are looking for the means to reduce costs, increase profits and satisfy ever-increasing demands to reduce greenhouse gas emissions and preserve the environment.
With America’s commercial business sector leading demand, the cost of providing energy to the nation’s business and residential consumers is expected to easily exceed $200 billion this winter.
George Burnes, President of SmartCool Systems Inc. (OTC.PK: SSCFF; TSXV: SSC), said recently that the primary driver towards commercial energy efficient technology is a desire to reduce operating costs. The Dow Chemical Company (NYSE: DOW), understanding the need for reducing consumer costs, is committed to helping consumers reduce their energy consumption by producing products that help lower electric bills while making a positive difference for the environment.
Distributed Energy Systems Corp. (NASDAQ: DESC) delivers power to end users looking to supplement their grids, allowing for more control over their electricity supplies. “Technology is helping to achieve differentiated quality of service in a way that really wasn’t commercially viable even five or 10 years ago,” described Walter W. ‘Chip’ Schroeder, President of DESC. FuelCell Energy, Inc. (NASDAQ: FCEL), also sees significant value in being able to control power usage and costs through on-site systems to ensure that efficiencies are realized.
International Rectifier (NYSE: IRF) anticipates energy savings through advancements in power management technology as the desire for energy-efficient products continues to increase.
George Burnes, President of SmartCool Systems, Inc., explains “Recent geo-political instability in major fossil fuel producing regions has only served to increase public demand within North America to reduce dependence on fossil-fuelled electricity generation. This has resulted in cash and tax incentives being offered by utilities and local governments in many states and provinces to encourage industrial, commercial and institutional users to reduce electricity consumption through the installation of energy savings equipment.”
Steven P. Eschbach, spokesman for FuelCell Energy, Inc added that a powerful driver is the reduction of greenhouse gases. “Again, getting the high efficiency back into the equation, the more efficient you are, the less harmful greenhouse gases you emit.”