Renewable energy has arrived… at the bottom line. A growing number of businesses today are embracing renewable energy projects like solar arrays, wind turbines and off-grid power solutions – but not just because they are environmental stewards, or because it’s “the right thing to do.” Renewable energy projects are more than the latest innovation: these companies are on board because it’s good for business.
Renewable energy solutions are increasingly efficient, affordable and easy to implement, delivering the ROI that value-driven companies are after. Can you visualize a renewable solution for your company? The white paper available here explains how companies from the hospitality industry to the healthcare sector are adopting renewable energy solutions to reduce costs, meet environmental stewardship goals, gain control and increase profits. With increasingly efficient and innovative ways to identify, implement and measure ROI impact, it’s no surprise that renewable energy project adoption has reached a tipping point.
The future is certainly bright for two of the world’s leading hotels harnessing the power of the sun to meet energy demands. The Phoenician resort in Scottsdale, AZ is leveraging the power of the endless desert sun with a solar array installation that will generate clean, reliable power. At the MGM Mandalay Bay Resort Convention Center in Las Vegas, a rooftop solar installation will provide energy during peak demand – not only stabilizing energy costs, but also lowering them overall. At peak production, Mandalay Bay’s PV array is expected to produce nearly 20% of the resort’s power demand – that’s 20% that MGM doesn’t have to purchase from the grid. The unlimited power of the sun, together with tailored solar technology solutions, will surely benefit the bottom line.
The healthcare sector is also “seeing the light” when it comes to value-driven renewable energy. Hospitals, which have a critical need for reliable power, are incorporating solar installations – often into existing structures like carports and rooftops – to offset their use of grid power, reduce costs and meet greenhouse gas reduction goals. Kaiser Permanente’s on-site solar program in California, where the rays are plentiful, will involve more than 150 different sites, eventually consisting of approximately 70 MW of total capacity. Learn more about the program in the white paper, here.
As renewable energy projects have grown in both size and scope, more and more companies are discovering the bottom-line benefits of off-grid solutions. More than a mark of environmental stewardship, they are smart business solutions providing measurable value. Even during challenging economic times, companies have actually ramped up – not shied away from – renewable energy efforts. Why? Because renewable energy benefits the bottom line.
For more information on these results-oriented projects, please download the whitepaper from the Microgrid Knowledge White Paper Library.
