Get App
India continues to progress towards the tough goal of 500 GW of non-fossil fuel capacity by 2030 with the collaborated efforts of diverse industries. The Commercial and Industrial (C&I) sector is also expected to contribute significantly to the cause. With electricity costs serving to be a major part of the operational expenses of the firms, businesses are nowadays inclining towards smart energy solutions to remain competitive, sustainable, and most importantly profitable.
Post your Requirement
What Are Smart Energy Solutions?
Smart energy solutions integrate advanced technology with renewable energy sources to optimize power consumption, lower costs, and improve sustainability. The declining levelized cost of electricity (LCOE) for solar and wind energy has made renewables an increasingly attractive option for businesses. For example, utility-scale solar PV in India costs around INR 2.5-3.5 per kWh while the costs involved in coal-based power range from INR 6-8 per kWh, therefore providing a testament to the cost-efficiency of the renewable energy solutions.
Open Access Renewable Energy: A Game-Changer for Businesses
India’s renewable energy market has evolved with open access mechanisms, enabling businesses to procure clean energy directly from producers via the existing grid. This is a kind of innovative method that is particularly beneficial for businesses that wish to eliminate the space, costs, and complexities involved in on-site installations. This ensures you the benefits of the smart energy solutions without the infrastructural concerns and space constraints.
Significant Benefits of Open Access Renewable Energy:
- You can directly procure the energy from trusted renewable energy producers.
- This can help you cut electricity costs to a considerable extent while reducing your dependency on fossil fuels.
- Neufin helps you to get flexible contracts on your terms and conditions that align with your business needs.
- This model ensures minimal upfront investment while ensuring long-term savings with reduced operating costs.
- You adhere to the diverse industrial and environmental standards of the global market without the large setup.
Why Should Businesses Adopt the Smart Energy Solutions?
The newly emerging brand Neufin is known for its reliable smart energy solutions that come with superior financing and energy procurement models. You can access customized financing options and cut your operational costs to a considerable extent with the power of renewable energy sources such as solar or wind energy. The benefits of adopting smart energy solutions go way beyond just caring for the environment and reducing carbon emissions, it ensures benefits such as long-term cost savings, an improved position in the market, and compliance with safety and environmental regulations of the global market.
1. Long Term Savings With Enhanced Returns on Investment
The electricity bills serve to be considerable components of the operational expenses of diverse industries. Additionally, between the years of 2017 and 2022, the costs have further rose by 30-40% in India. This has resulted in the inclination of companies such as Tata Motors towards renewable energy solutions that can help them cut costs. For example, the 2MW rooftop solar plant of Tata Motors in Gujarat generates annual savings of INR 30 lakh while reducing carbon emissions by 2,700 tCO2.
2. Regulatory Compliance and Sustainability
There are many industry regulations in the industry such as the EU’s Carbon Border Adjustment Mechanism (CBAM) that impact the exports as well as their pricing structure. Therefore to maintain competitiveness in the global market and earn profits, businesses need to increasingly adopt smart solutions like renewable energy sources. Certain sectors are more affected such as iron, steel, and aluminium which account for about $2 billion in exports to the EU.
3. Access to Preferential Financing
One of the key benefits for businesses that are leveraging renewable energy for reduced energy costs is access to green financial solutions such as sustainability-linked loans. For instance, Indorama Ventures secured a USD 225 million syndicated green loan, with their adoption of smart energy gains and meeting the specific energy efficiency targets.
Incredible Smart Energy Solutions for Businesses by Neufin
Neufin has established a strong reputation in the industry with its comprehensive range of renewable energy solutions that are tailored to meet the specific needs of different businesses. Some of the common types of solutions provided by the brand include the following:
1. Rooftop Solar Solutions
This is one of the most basic models that allows businesses to install solar panels and other essential elements of the setup and generate electricity on-site. This model typically reduces the reliance of the brands on grid models, offers superior cost savings, and serves to be a more durable choice for large-scale businesses.
2. Group Captive Solar and Wind Projects
This is a kind of collaborative model where a number of businesses co-invest in large renewable energy projects and benefit from financial savings and environmental sustainability together. This allows the business to reduce its upfront investment values and maintenance costs while gaining access to stable pricing and economies of scale.
3. Short-Term Renewable Procurement
As the name suggests, this is a short-term model that allows businesses to try renewable energy solutions and assess their benefits in their businesses. This eliminates the need for long-term commitments and you can still access the remarkable advantages with reduced electricity bills.
4. Battery Storage Integration
One of the integral components of renewable energy setups is battery storage. The brand ensures that you get access to efficient battery storage solutions that save energy during low-use hours and ensure energy reliability during peak load times. This is particularly helpful in regions with variable grid supply and ensures a smooth flow of energy without disruptions.
5. Third-Party Open Access Procurement
This is a kind of convenient model where you do not need to set up the solar infrastructure and still access smart energy solutions. This model facilitates renewable energy purchases directly from the existing grid infrastructure and the benefit of remarkable cost savings and reduced operational costs for businesses.
Take A Step Towards Reduced Energy Bills And A Sustainable Future With Neufin
The world is increasingly shifting towards renewable energy solutions as it is no longer just a choice that is good for the planet but is growing into a necessity to stay competitive in the industry. With reduced energy consumption and operational costs, you can make your business a profitable one with effective consideration of social responsibility. The brand Neufin is working for this cause and follows a technology-driven approach to assist businesses in switching to smart energy solutions.
By partnering with Neufin, the brands seamlessly adopt renewable energy solutions with their financing models, installation assistance, and long-term support. You can ensure unmatched financial savings while adhering to the safety and environmental regulations of the global industry and making efforts in favour of your commitment to a greener future. In the era of a low-carbon economy, you can build a competitive edge for your business with smart energy solutions and enhanced profits.
Post A Comment