Businesses are expanding at an unprecedented rate both nationally and internationally. With that expansion, organizations find themselves challenged by the complex task of sourcing energy and managing price risk to support their portfolio of facilities. Energy market volatility, price stability, an increasingly distributed and renewable energy landscape, integrated energy options, and diverse, constantly changing utility business models combine to challenge the resources of even the largest and most experienced companies.
Integrated energy refers to a sourcing strategy that considers options across on-and-off-site renewables options and fossil fuel sources. Considering factors like cost, risk, reliability, market conditions and sustainability goals, an organization will create a sourcing strategy with the optimal mix of energy. This can be a challenge especially for multi-site businesses due to the evolving options, utility incentives, managing facilities across regulated and deregulated markets, and of course each company’s own risk profile and long-term goals.
Strategic energy sourcing is the effective management of energy procurement opportunities, costs, risk tolerance, and contracts across a business portfolio. It requires a combination of market-specific intelligence, easy access to centrally-organized information, intelligence and analytics, as well as an in-depth understanding of a facility’s demand for energy. It’s worth noting that a strategic sourcing strategy is also strengthened when run alongside a demand-side management program.
ENGIE Impact analyzes the current state of an organization's procurement program across both supply and demand, and compare that to energy goals, whether they be related to cost reduction, price stability, or a renewable energy target. With this information, ENGIE Impact's team of experts craft a holistic and integrated sourcing strategy to achieve or exceed goals. Energy sourcing strategies span renewable energy, onsite distributed energy resources (DERs), and fossil fuel sources to ensure organizations have the right power sources at the right price, all while reducing their carbon footprint. Through this partnership, organizations maximize their opportunities in deregulated energy markets and meet stakeholder requirements.
ENGIE Impact is committed to the collection and analysis of data that allows clients to focus on proactively driving energy procurement cost savings and risk mitigation. Fully outsourced Integrated Energy Strategy & Procurement captures detailed energy market intelligence and supplier performance data. That data serves as the foundation of insight, enabled through powerful analysis and reporting tools, which direct actions that yield powerful results.