How Can My Business Make Money by Adjusting Our Energy Usage Pattern?
- Triple Edge Energy
- Flexibility Services , Demand Response
- 09 Jun, 2024
It’s a question we often hear from Clients. Here’s how we answer it:
At Triple Edge Energy, we help SMEs unlock new revenue streams by shifting when and how they use electricity. If your business spends more than €75k a year on electricity, you’re likely sitting on untapped value.
This adjusting - known as demand response - involves reducing or rescheduling your electricity use, especially during peak times. We make it light-touch and tailored to your operations.
Demand Response Actions Include
Load Shifting
Moving your energy usage from high-demand periods to other times.
Load Reduction
Simply using less energy during peak demand periods.
What Can Participate?
It’s not just about solar panels or batteries or backup generators that can make this happen. Distributed Energy Resources (DERs) can include flexible loads like:
- Manufacturing equipment
- Heating (heat pumps) and cooling
- Refrigeration
- Electric vehicle fleets
Recently, we’ve worked with Clients who could adjust high energy machines that have in built variable operating speeds - this can fit with their operations, resources and planned production schedules. The additional revenue incentives are another parameter to consider for operations planning and we help make this an easy consideration for our Clients. Operational requirements is a key parameter we factor into assessments and our optimisation algorithm.
By pooling the flexibility of multiple businesses, we create a collective “energy pool”. This is offered to electricity grid operators, helping them balance supply and demand. And you earn a share of the value created.
Why It Matters for Your Business
- Extra Revenue: Earn from participating in energy flexibility programmes.
- Cost Savings: Lower your overall energy costs through smarter consumption.
- Sustainability: Help decarbonise the grid. Reduced usage at peak times means cleaner, lower-emissions electricity. You can also count it towards Scope 2 GHG reductions.
Ready to explore the opportunity? Get your free assessment
Learn more about why Ireland needs flexibility services and read about Ireland’s evolving flexibility market.
