Climate technology already provides companies the tools to start reducing their carbon footprint today and meet net-zero goals. The real challenge has been educating these organisations – without any pedagogical support from the government – on the technology’s existence.
Unbelievably, demand side response (DSR) programmes are still fairly unknown within the IT community – despite the fact that it’s a privately funded scheme that reduces companies’ non-essential electricity consumption across their premises, ultimately slashing energy costs and CO2 emissions.
This is what we have been tackling over the last two years, working to bring Green DSR to the forefront of enterprise minds. We’ve designed an IoT device that, once integrated with a property – whether it’s an office building or a warehouse – identifies energy usage that’s not essential for optimum performance. Once this becomes clear, our AI technology then modulates consumption at set times throughout the day and across the property, reducing carbon emissions.
Moreover, thanks to our partnerships with grid operators, we contribute these unused kilowatts to help balance the electricity networks at times of peak demand – which entails financial compensation for our clients. It’s a win-win-win scheme that only needs collaboration from the government to provide enterprises practical advice on how to get started in this programme.
Pinsent Masons, for instance, recently partnered with us to deploy the scheme and reduce its CO2 emissions earlier this year. The first step was analysing the multinational law firm’s energy data and assets, which was then followed by the creation of a bespoke strategy for the company. To make it seamless, the scheme has been designed to operate through the client’s own existing energy suppliers, utilising its current infrastructure to generate a predictable annual recurring revenue stream.
The solution is set to reduce otherwise inaccessible carbon emissions by over 50,000kg every year across the firm’s 200,000 square feet London HQ. Energy cost savings, on the other hand, would be around £30,000 for the first 12 months of operation, and for some of our clients, the solution saves them between £28k to £100k – electricity savings and grid compensations combined. In electrical terms, some properties can save up to £50k per 200kW.