The sun is a source of energy that can be called inexhaustible. Fossils will run out sooner or later, hydropower is not suitable for all regions, as well as wind energy. The sun can supply people with the necessary energy for as long as it shines. Sooner or later humanity will learn how to make batteries with 100% efficiency. But even now, when the performance of panels rarely exceeds 20%, they are actively in use not only in everyday life. Renewable energy for business is a huge opportunity for both consumer companies and supplier companies. Let’s consider what impact solar systems have on the development of companies now, and the strategy for this development in the future.
What Are the Benefits of Solar Energy for Business Now?
Using the energy of the sun, companies solve several problems at once. Of course, first of all, it is a concern for the environment. Such giants as Apple, Tesla, and Ikea have already become an example for many other large and small companies. But not only noble goals can be pursued using corporate renewable energy procurement. Consider how this can be useful for the companies themselves today and in the future.
Overhead Cost Reduction
Just think, a little less than half of the electricity that the US consumes is in use by various industries. Some areas of activity are more energy-consuming, others less. But still, even a small office receives impressive electricity bills every month. Light bulbs, appliances, and if there is also equipment, such as medical rooms, the amounts are decent. So then talk about global corporations that annually spend millions of dollars on electricity.
The gradual transition of all areas in the US, as well as globally to Renewable energy businesses, will help not only the planet but also the companies themselves. Business costs will be significantly reduced and companies will become independent. You may wonder how is this possible. The Tesla Gigafactory is powered by solar energy only. Thus, the company shows that it is possible and necessary to build an amid energy strategy. This enables companies to operate in an environmentally friendly manner and reduce their overhead costs for solar energy.
You can say that significant initial capital investment is not comparable to overhead costs. But we are not talking about a temporary system, but about constancy, which no other energy carrier can give. In addition, there are dozens of global programs that help financially ambitious renewable energy projects.
Independence From Commercial Power Grids
For businesses, this is a huge advantage. We see how the prices of electricity are constantly rising even for residential users for commercial enterprises, they are growing even faster. Globally, corporations, even the largest ones, and medium and small businesses are completely reliant on their energy suppliers. If you decide to take a bold step and switch to renewable energy, then this can be compared with gaining freedom.
You can already give an example of Apple, which not only built a completely independent ring house, fully providing itself with electricity from solar panels. It supports its producers who are switching to solar energy in different countries and supports projects for the use of renewable energy sources in different parts of the world. In doing so, it helps its suppliers and those organizations under its care to become independent of commercial energy.
Let’s talk about how often energy suppliers do not cope with their tasks. As the fault of these companies that supply electricians with interruptions, hundreds of tons of products disappear in freezers in warehouses in ports. If you have an independent, autonomous system, you can provide yourself with the necessary supply of energy. Even if, due to weather conditions, solar panels or wind turbines do not provide enough current on certain days, you always have a supply that you can use. As soon as the weather improves, you will replenish this stock free of charge. And this is not an example of one company or one industry. This is how every company and the entire global business should build its development strategy.
New Challenges for the Renewable Energy Business
The renewable energy business is becoming more and more relevant. But the requirements for developers and providers are growing as companies move to clean energy. More efficient work, affordable prices, and wide coverage – this is what customers expect from a supplier company. Therefore, three main areas will be strategically important for such companies.
Formation of Affordable Cost
It will simply be unprofitable for businesses to switch to clean energy if prices for it are the same or even higher than they are now for grid electricity. Taking care of the planet and technology is very important, but businessmen will not work at a loss. Rising prices will lead to an increase in the cost of production, which entails a chain of not the most favorable events.
This problem can be solved in several ways. First of all, those who do not just use ready-made technologies, but companies that create them themselves will be at the forefront. Such companies are met by the allocation of land suitable for the placement of stations, as they will be in use more rationally. The companies will receive subsidies from the governments of their countries. This will enable them to generate the best value for consumers. That is, to form a low price, you need to work on new technologies.
Formation of a Cluster of Professionals
Companies that provide high-quality service will always be more in demand. They need to train their employees constantly as the industry grows and develops at a crazy pace. And it’s not just about developers, scientists, and engineers. Installers, operators, and service personnel must be constantly trained.
Development of Efficient Supply Chains
Clean energy business networks should cover the whole world. This is, of course, an ambitious task, but if we are talking about the global transition to renewable energy and its prospects, then this is how the strategy should be formed. It is extremely important to create supply chains that expand coverage as much as possible, but at the same time will not raise the cost of such energy by dozens of times.
Solar companies must find ways to partner and support it to create a unified network. Otherwise, a great initiative will disappear into the labyrinths of countless local and national providers who could not agree and work on their own.
It is also worth considering that the number of players in the promising market is growing, subsidies from the state are declining, and prices are not stable – all this creates certain difficulties, but also favorable ground for partnership. Stabilization of the new market is the main task that will be able to provide affordable cost, high-quality, and efficient supply chains.
Renewable energy business development is strategically important for all sectors and areas. Investments, the creation of their own solar and wind stations, and the participation of everyone in the development of clean energy will help accelerate the process of global transition. Also, the renewable energy business should make every effort to create an affordable product for all customers, wide coverage, and efficient supply. This can only be achieved through a well-coordinated and high-quality partnership and assistance from government institutions in different countries.