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As a business, should we invest in renewable energy?

Sep 28, 2023

A number of UK businesses are investing in renewable energy, such as solar and wind power. This is helping to reduce their carbon footprint and make them more energy efficient.

Renewable energy is energy that is generated from natural sources, such as the sun, wind, water, and biomass. It is a clean and sustainable alternative to fossil fuels, which are the main source of greenhouse gas emissions.

A number of UK businesses are investing in renewable energy, such as solar and wind power. This is helping them to reduce their carbon footprint and make them more energy efficient.

Benefits of renewable energy for businesses

There are a number of benefits for businesses that invest in renewable energy, including:

  • Reduced energy costs: Renewable energy sources, such as solar and wind power, are becoming increasingly cost-effective. This means that businesses can save money on their energy bills by switching to renewable energy.
  • Improved sustainability: Renewable energy is a clean and sustainable source of energy. This means that businesses can reduce their environmental impact by switching to renewable energy.
  • Enhanced reputation: Consumers are increasingly looking to support businesses that are committed to sustainability. This means that businesses can improve their reputation by switching to renewable energy.
  • Competitive advantage: Businesses that are ahead of the curve in terms of sustainability are likely to have a competitive advantage in the future. This is because renewable energy is becoming increasingly important to consumers and businesses alike.

 

Examples of UK businesses investing in renewable energy

A number of UK businesses are investing in renewable energy, including:

IKEA
IKEA has installed solar panels on the roofs of its stores in the UK. This generates enough electricity to power 10% of its stores. All IKEA stores in UK and IE offer customer EV charging points.

Google
Google has a number of renewable energy projects in the UK, including a solar farm and a wind farm. These projects generate enough electricity to power all of Google’s UK operations.

Marks & Spencer
Marks & Spencer has committed to sourcing 100% of its electricity from renewable sources by 2030. The company has already installed solar panels on a number of its stores and warehouses.

 

How to get started with renewable energy

If you are a business owner and you are interested in switching to renewable energy, there are a few things you can do:

  • Assess your energy needs: The first step is to assess your business’s energy needs. This will help you to determine the type of renewable energy system that is right for you.
  • Research your options: There are a number of different renewable energy technologies available, such as solar, wind, and water power. It is important to research the different options to determine the best one for your business.
  • Get expert advice: It is advisable to get expert advice from a renewable energy installer before you make a decision. They will be able to help you to choose the right system for your business and to install it correctly.

Investing in renewable energy is a smart decision for businesses of all sizes. Renewable energy can help businesses to reduce their costs, improve their sustainability, and enhance their reputation. If you are a business owner and you are interested in switching to renewable energy, there are a number of resources available to help you get started.

If you’d like ti find out more about how your business can move to using renewables, invest in your own technology or reduce your carbon emissions, get in touch or join us as a member.

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