UK manufacturing sector to invest £2.5bn in clean energy by 2025, report suggests
British manufacturers could inject £2.56bn into the UK economy and cut energy consumption by nearly a third over the next decade by investing in clean technologies and efficiency measures, a recent research report from Barclays has been able to suggest.
The Barclays Corporate Banking Powering On report suggests that UK manufacturers consider energy resilience as ‘critical’ to the sectors maintaining international competition. The research also demonstrates that availability, reliability and energy costs are among high concerns for businesses, with 27% of manufacturers surveyed suggesting that energy supply is a higher concern to businesses compared to beginning of 2016.
The survey demonstrates that 75% of respondents are concerned about energy prices and almost half (46%) believe they are vulnerable to effects of energy price increases. Energy availability and reliability is also a major concern, with 58% and 45% of manufactures citing these as concerns.
With these significant risks being a point of concern throughout the industry, many manufacturers are investing in energy management technologies or have plans to within the next 12 months. Barclays states that more than a third (35%) of manufacturers are investing in energy efficiency, while 22% are negotiating lengthier energy supplier contracts, and 21% and 13% are looking into material efficiency and self-generation measures respectively.
HeatingSave Building Energy Management System (BEMS) – the perfect energy management solution to help manufacturers drive down their energy bills
It’s already becoming quite clear that reducing energy costs is something every company should seriously consider, and implementing a reliable and affordable solution designed specifically to reduce the overall energy-related bills is one of the most sure-fire ways to attain these cuts.
HeatingSave optimizes any heating system’s overall functionality by taking into account a variety of factors, such as internal and external temperatures, occupancy, time of the year, the particular characteristics of installed boilers, etc. All of the data is used in order to determine the best heating patterns for the various heating zones within any building, using our proprietary heat-loss algorithm.
The end result is that users still get a very good level of comfort, while in the same time saving energy and money in the process.
If you’d like to find out more details on all the features HeatingSave has in store, just contact our dedicated product team, they’ll be more than happy to provide you with all the necessary information.
