Schneider Electric Named #1 Energy-as-a-Service Provider

Mar 7, 2019

Global research firm Navigant has named Schneider Electric its #1 energy-as-a-service (EaaS) provider in a recent report for commercial and industrial market segments.

Energy is undergoing considerable transition as generation decentralizes and demand for electrification — fuelled by the global trends of digitization and decarbonization — increases. As a result, the model for how energy is purchased and utilized is changing. Yet, while the benefits of this transition are myriad, cost of entry for commercial and industrial corporations, to date, has been high.

EaaS has emerged as a model to lower this barrier to entry. Like other service-driven market shifts, EaaS is fundamentally changing the way companies think about energy procurement and management. EaaS is a more dynamic solution, incorporating a variety of elements that reflect the broader energy transition away from rigid, centralized systems to ones that are more flexible and responsive, like microgrids. Other fundamental activities within EaaS range from replacing central plants or other equipment to owning and operating metering systems or CHP plants.

Corporate adoption of DERs is on the rise, growing, on average, 11% YoY

In the EaaS model, companies partner with solution providers like Schneider Electric to actively manage the company’s energy portfolio and financing. Typically, the solution provider delivers services that result in guaranteed performance to the corporation and a reduction in liability. These services are custom designed to achieve calculated outcomes, such as energy cost savings or equipment uptime, and can result in reduced performance risk and a decreased capital burden.

The energy service agreement protects cash flow and can often generate new revenue streams. This allows the corporate beneficiary to use innovative structures such as power purchase agreements, leases and energy performance contracts to avoid CAPEX investment, which is then deployed against other energy and sustainability projects.

As defined in the report, EaaS solutions:

    • support companies in achieving energy use reductions and cost savings, enabling them to meet sustainability and operational efficiency goals
    • include traditional energy efficiency solutions and beyond, such as DER solutions (e.g., renewables) and new load management and optimization solutions (e.g., demand response, microgrid)
    • offer innovative options for financing, leading to new business models and greater customer choice

To learn more, access the report.

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Powerline Contact Continues to be Unforgiving – Powerline Safety Week Starts May 13 with Ontario-wide Education Campaign

ESA Powerline Safety The invisible impact of powerlines should never be underestimated. In the past decade alone, 19 people in Ontario have lost their lives from overhead powerline contact. May 13 to 19 is Powerline Safety Week, which is meant to inform people across the province to stay vigilant of powerlines when doing work at home or on the job.

"Our work in raising awareness of powerline safety won't be finished until there are zero injuries or lives lost from contact," says Dr. Joel Moody, Chief Public Safety Officer, Electrical Safety Authority (ESA). "All it takes is a misstep or careless error to change the life of you, your colleagues or family."

ABB creates state-of-the-art solution for CO2-neutral and energy self-sufficient factory of the future

ABB Eco Factory ABB has an extensive portfolio of eco-efficient solutions and services that can help decouple economic growth from environmental impacts. In fact, over half of ABB's worldwide revenues are generated by technologies that combat the causes of climate change. The company’s goal is to increase this contribution from 57 percent in 2018 to 60 percent by 2020.

The company’s commitment to combatting climate change includes limiting the environmental impact of its own operations. ABB’s current target for climate action is to reduce its own GHG emissions by 40 percent by 2020 from a 2013 baseline.

Wind Energy On Track to Add 1,000 MW of New Capacity in 2019

Canada’s wind energy industry further expanded its installed capacity in 2018, while solidifying its status as the lowest-cost source of new electricity generation. Newly commissioned projects brought total national wind energy capacity to close to 13,000 megawatts (MW). Meanwhile, competitive auction results in Saskatchewan and Alberta confirmed the wind industry’s ability to continue to deliver record-low prices.

The six wind energy projects that were powered up in 2018 added 566 MW of installed capacity — a continuation of steady growth that contributed to an average annual growth rate of 20% per year since 2008.

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