Energy High Priority Budget Item
Consumers and companies alike are feeling the squeeze from rising energy prices, which are increasing 15 percent per year on average while wholesale natural-gas prices have tripled over the past few years, writes CFO Magazine.
Carequest Corp. began making changes when it learned that its $21 million annual energy bill might cost closer to $30 million in 2006; a 25 percent increase.
The firm’s stores and warehouses got energy makeovers with automatic timers installed to control heating, lighting, and air-conditioning; light bulbs were also replaced with longer-lasting versions.
Similarly, HEI Hospitality also sought to curb its energy bills last year. The hotelier dimmed or turned off lights in back offices at the end of business; and installed energy-efficient doors to reduce heat loss.
A March survey conducted by CFO Research for Jones Lang LaSalle, found that most finance executives say their own role in driving sustainability was limited even though more than half believe their companies are likely to increase profits and values through sustainability.
Energy Manager News
- LEED v4 is Ready to Take Center Stage
- Honeywell Upgrading Energy, Water Systems at The University of Mount Olive
- Three Boston Area Organizations Jointly Buying Solar Energy
- Insider ‘Outs’ Misleading Strategy Behind Florida’s Solar Amendment 1
- Mississippi Watchdog: Kemper Syngas Operations Could Raise Costs by 288%
- Waste-to-Energy Shows Growth in New Jersey, Maine and Florida
- Zen Ecosystems Introduces Zen HQ
- Flywheel Platform Introduced by GE