Energy is one of the biggest costs of doing business in Canada, especially in the winter. It is therefore one of the key areas businesses should focus on when it comes to reducing overhead. Plus, with electricity costs on the rise, industrial energy efficiency projects are important for buffering businesses against market volatility.
Below, we’ll outline three areas of major potential cost savings through improved energy efficiency, using Tradeforce Tech’s industrial energy efficiency projects to illustrate.
1. Refrigeration Control
Cooling infrastructure is important for a company like Core-Mark, which stores fresh and packed food to convenience stores in its distribution centre. Failure to properly regulate temperature in their storage facilities was not only wasting energy, but causing them to lose food to spoilage as well. Once they recognized the issue, Core-Mark saw the potential in bringing Tradeforce Tech’s industrial energy efficiency projects to their business.
By adding an automatic evaporator controller and electronic regulator valves to their refrigeration system, along with, Core-Mark was able to reduce their cooling expenditures by 43%.
2. LED Lighting
LED lighting is brighter, longer-lasting, and more energy efficient than fluorescent or halogen lights. That’s why this Toyota dealership included an LED parking lot retrofit in its ongoing carbon reduction project, which began with the installation of over 800 solar panels on its three main buildings.
Tradeforce Tech supplied over 50 pole-mounted LED light fixtures and 53 wall fixtures for the exterior and parking lot areas. In total, these retrofits generated 75% in consumption savings for the company, amounting to almost $45,000 cost savings after one year.
3. Rooftop HVAC
Climate control is a top priority for senior living facilities, especially during periods of extreme heat and cold in the summer and winter respectively. Thus, replacing outdated heating and cooling equipment was a logical step towards reducing energy costs for this community.
The new set-up included a variable frequency drive, which allows the system to run on less energy when the heating or cooling demand is low. With a base investment of just $26,000, the community was able to save $3,338 on utilities in the first year alone, with continual savings to come in subsequent years.
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