GridBeyond, the leader in intelligent energy technology, have released a free online tool – the Energy Opportunity Calculator. The tool is designed to enable industrial and commercial businesses to learn how much money they could earn and save through demand response and energy optimization services.
The Energy Opportunity Calculator draws on GridBeyond’s extensive experience in the energy markets and engineering knowledge of site assets and inherent flexibility. Energy users simply enter three pieces of information: location, industry and electricity consumption (in MW, kWh, MWh or electricity spend), and the output is the financial benefits their site could gain access to.
The result is split into two sections, revenues and savings, and uses the typical percentage of flexibility for the user’s industry, the typical services and programmes available to that industry, and the values of those programmes to generate the results. The revenues are based upon demand response and capacity opportunities, while the savings are based upon typical energy efficiencies, trading and price optimisation opportunities, as well as the operational efficiencies that can be attained. The user can then download a bespoke, personalized report containing further detail on their results, with additional information on the services they can participate in, the assets typically found in their industry, and an overview of their market.
Michael Phelan, CEO & Co-Founder of GridBeyond commented:
“In our mission to simplify the complex energy market, the Energy Opportunity Calculator provides industrial and commercial businesses the possibility to understand their potential earnings and savings without undertaking a full audit.
"We found that, from an end user’s perspective, the visibility of a site’s value in the energy markets is often clouded. Service providers talk extensively about value per MW, but don’t necessarily have the knowledge of application to ascertain the amount of flexibility actually available within particular industries and the breadth of services both within and outside of DSR.
“This tool does not negate the need for a full audit by any stretch. We understand there are nuances and differences from site to site, however we also understand the value to our prospective clients in learning what they could earn and save. It’s a tool to start conversations within businesses based on our own benchmarking from years of working within energy management and demand response for industrial and commercial sites.”
Mark Davis, Managing Director for UK & Ireland at GridBeyond added:
“There’s no denying that Covid-19 has significantly impacted industrial and commercial businesses. Bottom-lines will have taken a hit, whether due to closed production, the cost of increased safety measures, loss of sales, or other reasons.
"We consistently encourage businesses not to overlook energy as a source of backfilling some of this lost revenue, and this tool will enable energy users to truly understand the scale of the opportunities we’re talking about. We can’t guarantee returns, as the markets are continually changing, however we can use the market knowledge we have to determine a site’s worth.”
The GridBeyond Energy Opportunity Calculator is free for all to use and can be accessed via the following link: https://gridbeyond.com/energy-opportunity-calculator/
Transform energy into opportunity. GridBeyond is a global leader in intelligent energy technology for industrial, commercial, institutional and utility partners. Energy users are provided the ability to manage and control demand response participation, energy performance, markets and costs via the multi-award-winning AI Point platform.
By stacking various market opportunities and programmes, GridBeyond delivers demand response revenues, enhanced savings, strengthened operations and sustainability to over 400 I&C sites worldwide, including some of the planet’s best-loved brands. Furthermore, networks and utilities are empowered to optimise electricity supply and provide value-add opportunities to their customers.
By connecting grid operators, operational load, distributed generation, storage, EV charging and utilities to integrated energy services, GridBeyond’s vision is to build a shared energy economy that delivers sustainability, resilience, affordability and adaptability through collaboration and innovation.
GridBeyond was founded in 2007 and is home to the world’s first hybrid battery and demand network. A powerful combination of technological excellence, consultative approach and unrivalled expertise means that GridBeyond partners and clients have future-proof access to energy services.