Fortune 100 Tech Company: Energy-as-a-Service
Like many other Fortune 100 companies, our customer had established ambitious energy efficiency goals. Accessing the capital funding required for enterprise-wide energy optimization was challenging, so the initial approach was to proceed on a project-by-project/region-by-region basis. The inefficiencies and inconsistencies resulting from this piecemeal approach quickly became apparent, and our client sought an alternative solution.
The obvious solution was to identify a national partner offering the financial, technological, construction, measurement, reporting, and monitoring building blocks needed to implement enterprise-wide energy optimization. SmartWatt recommended our Energy-as-a-Service program, which shifted all implementation costs and asset ownership to a third party, Metrus Energy.
Since the Energy-as-a-Service platform freed our client from any capital investment, they could triple the number of facilities they could make energy efficient each year. The result? Millions of dollars in realized energy savings.
Total annual cost savings: $2.96 million
Average annual operation cost savings: $615.8 thousand