The rationale is that companies can see, at a glance, the average payback, cost and success of certain technologies, helping them make decisions on energy investments. The data helps with forecasting costs, ensuring meaningful results and convincing the board.
It seems there is a real appetite for the metrics. “The Curve has assisted me in providing a more evidence-based analysis of technologies and commercial implications, and the ability to better articulate the co-benefits possible from well-designed energy investments,” said Caroline Holman, Operational Carbon Strategy Manager, Jaguar Land Rover.
With such big firms endorsing the concept, it’s great news that today, VO is having a genuinely successful showing.
The advantages of VO
“VO is among the suite of new, energy efficiency solutions that together are revolutionising the UK,” comments Duncan Biggins, Managing Director at Efficient Power Solutions.
“VO can make good savings on any installation with the right conditions. But there is more to this tech ‘under the bonnet.’
“Here, our more stabilised power solutions will extend the lifetime of plant and equipment across estates. The UK’s power system is fluctuating; our tech attenuates that, which means that equipment can run more safely, more sustainably and for longer without additional maintenance.
“That’s a must for every firm with kit that needs to function day in, day out. We’re delighted by the data shown on this new website; it proves how big a deal VO really is.”
The Curve’s analysis
The website has produced its first report, based on the industry data uploaded. ‘We estimate around half of commercially attractive energy projects, which we define as having a better return than an organisation’s core business, are being missed,’ it explains.
‘And we see the lack of credible information about the available options and outcomes as the major contributor to this market failure.’
The report continues to reveal there are also significant “co-benefits” associated with energy projects. It finds on average 3 co-benefits per project, with maintenance and employee satisfaction benefits being most significant.
‘The intangible nature of these benefits means they are often not included in business cases, and by visualising them we hope to help overcome a significant market barrier,’ it concludes.
“With this further evidence on the business case for VO, we can’t wait to help advise new firms interested in our tech,” Biggins says. “The time for installation is now.”