Environmental, social, and governance (ESG) scores mean more today than one year ago. ESG-backed funds have twice the growth rate as other funds in today’s market. If businesses want to capitalize on that opportunity, they need to consider their impact. Onsite energy is a simple solution for boosting your environmental score, offering overall long-term cost savings and reliability.
Boosting Sustainability (And Why Onsite Energy May Be Your Best Bet)
Multiple options exist for boosting your company’s ESG score, especially the environmental (“E”) component. When considering the energy and facilities your business depends on, sustainable energy fuel sources, production, transmission, and use become key consideration factors.
Possible options currently trending in the sustainability space include carbon credits, carbon offset programs, and renewable energy sources. However, these options can be costly or inaccessible for more businesses, especially if it requires overcoming large barriers to entry or a significant infrastructure redesign.
GRIDIRON offers a simple solution that uses existing infrastructure but brings your energy onsite for more efficient, lower cost, and more reliable energy production. The PowerPlant H24 is a micro-Combined Heat and Power (mCHP) unit that powers your business using propane, natural gas, or renewable natural gas. Because mCHP technology generates power more efficiently, the federal government recognizes it as an environmentally friendly, sustainable energy solution and even offers a tax credit for businesses using the technology.
Better than the Best Alternative
Natural gas, which has a much lower emission factor (pounds of emissions per kWh produced), currently fuels 60% of electricity from the national utility. However, the less efficient energy production means that for every kWh produced, 0.91 pounds of emissions are released into the atmosphere on average across regional power grids.
GRIDIRON’s PowerPlant H24 has an emission factor of 0.498 lbs/kWh, which is nearly half of the emissions factor of natural gas electricity from utilities.
With GRIDIRON’s PowerPlant H24 producing energy onsite, businesses produce 45% fewer carbon dioxide emissions on average. For a business generating 400,000 kWh/year with a utility, an average of 364,000 pounds of CO2 emissions are produced. That same business utilizing the PowerPlant H24 would lower its carbon footprint to 199,200 pounds. For some regions across the United States, the emissions factor may be as high as 1.6 pounds/kWh, almost 4x as high as the PowerPlant H24 emission factor.
For businesses looking to improve their sustainability even more, the PowerPlant H24 is compatible with renewable natural gas, which recycles emissions from other industries, such as waste management or livestock.
Additional Benefits to Environmentally-Friendly Onsite Energy
In addition to improving your ESG score, onsite energy produces lower energy costs and provides more reliable power. Businesses save on their energy bill when they eliminate the inefficiencies and increase their reliability by avoiding vulnerabilities, such as blackouts and brownouts, by producing energy onsite using cleaner fuel sources.
Learn more about GRIDIRON’s onsite energy solutions and PowerPlant H24 here: https://gridironenergy.com/