Using energy-as-a-service to lower costs, add predictability

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Charlie Lord of Renew Energy Partners discusses how energy-as-a-service (EaaS) can help companies stabilize energy costs and improve financial performance. By implementing a microgrid, a semiconductor manufacturer was able to mitigate the financial impact of unreliable utility grid outages, which previously cost them significant revenue. The microgrid provided a predictable and lower-cost energy source, contributing to the company's turnaround and improved credit rating.

Renew Energy Partners focuses on enhancing energy efficiency for commercial property owners by financing and managing upgrades. They emphasize the importance of thermal energy purchase agreements, which allow companies to monetize waste heat and replace unpredictable grid costs with stable pricing. This approach not only lowers costs but also provides predictability, which is highly valued by CFOs, especially in light of recent volatility in energy markets.