Building Up SME Energy Productivity
On their own, SMEs don’t consume huge amounts of energy. But collectively, their energy demand is a different story. The IEA estimates SMEs consume around 13% of total global energy demand (that’s 74 exajoules for those keeping track). Yet, approximately 30% of that demand could be eliminated by cost-effective energy efficiency measures, such as implementing energy management software. That would save more energy than Japan and Korea consume in a year!
According to the Observatory of European SMEs, fewer than 30% of SMEs in Europe have implemented any measures for conserving energy, and only 4% have a comprehensive approach to energy efficiency.
These are the central questions driving the free guide: Energy Management for SMEs.
What is an SME?
The OECD defines an SME as “a non-subsidiary, independent company that employs less than a certain number of workers.” This number varies depending on the country: in the US, the upper limit is 500 while in the EU the limit is 250. SMEs can be broken down into micro (freelancers), small and medium-sized enterprises.
With the European Commission’s Winter Package proposal for a 30% energy efficiency target by 2030, energy audits targeting SMEs could unlock incredible energy savings potential in Europe.
Unfortunately, due to their small size, sectoral variation, and the low returns per customer, ESCOs have a particularly difficult time reaching the SME market in order to reach these targets. Yet, if SMEs implemented energy efficiency measures to their full potential, their energy bills could be reduced by 30%. And that is something SMEs in Europe and ESCOs everywhere simply can’t afford NOT to do.
Most importantly, SMEs have very specific needs when it comes to energy efficiency and productivity. ESCOs and energy managers need to do a better job of recognising and addressing these points.
The aim of this guide is to show how ESCOs and SMEs can build on their energy savings potential together.
From Energy Services Gaps to Energy Productivity
Whether a small business owner or an energy manager keen to serve SME clients better, this is essential reading!
This guide to energy management for SMEs includes:
- The most common energy management pain points experienced by SMEs – and how to solve them
- The Ultimate Glossary of 50+ energy management terms to help SME customers get a solid understanding of the field
- Infographics explaining how energy management fits into SME organisational structure
The guide is available here.