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Energy Sourcing
Scope: Electricity and fossil fuel consumption can result in high costs and big carbon footprints. Energy management has become a hot new niche service sector in outsourcing. Business organizations have incentives to be frugal consumers of energy resources due to climate change, changing energy price models, incentives for energy economies, rebates for capital expenditures of energy saving devices, global rethinking of the safety of nuclear power and the inflation and scarcity of oil supplies.
Outsourced energy management services comprise several components:
Technical Requirements: Energy management requires technical expertise in procurement systems, regulation of energy production and consumption and overall energy utilization management.
Benefits: Owners and managers of real estate, factories, and transportation providers can cut costs by energy management. Further, long term benefits can accrue to the business organization, its image as a leader in environmental preservation and its role in promoting a sustainable and socially responsible economic model.
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