With the UK’s collective net zero target set in stone for 2050, much of the focus surrounding business energy has been on how to most effectively decarbonise one of the largest contributors to your carbon footprint. However, the process of transitioning our energy mix away from fossil fuels and towards a broad mix of localised renewable generation presents significant potential issues surrounding power resilience. Ensuring your organisation is protected from the risk of energy disruption is an increasingly crucial part of any risk management strategy.
Powerstar’s latest white paper explores this growing threat in more detail, as well as outlining methods organisations can employ to protect themselves.
The Growing Risk of Disruption
Historically, National Grid has been able to meet energy demand through centralised power stations that provide ample baseload power. Problems begin to arise as our energy mix undergoes a rapid transformation, shifting from a central dispatch method to a broad mix of renewable generation methods. While solar and wind provide plentiful power in optimal conditions, they are inflexible, making it increasingly difficult to balance generation with demand. At the same time, a growing number of organisations are investing in on-site generation. In many cases, they will be looking to offload excess power back to the grid, forcing network operators to balance not just outgoing power but also incoming, small-scale generation.
All this is putting growing strain on local power networks, as well as the grid as a whole. As a result, the risk of localised disruption is steadily growing, with figures from Centrica showing that eight in ten UK businesses suffer at least one energy disruption event annually. Businesses that fail to take steps to bolster their power resilience are risking up to 17% of their revenue in damages and lost opportunities.
Improving Power Resilience
While the need to decarbonise energy will only continue to grow in priority, it is equally important to ensure that power resilience is factored in to any measures implemented. Many industries where reliable power is critical are already familiar with using UPS backup to protect against power disruption. However, as the need to improve sustainability grows alongside increased electrification of transport and heating, it may be that a more flexible energy solution is a better fit.
Bolstering resilience is vitally important, but the additional utility that your chosen backup power solution is able to offer can be just as influential. Reducing carbon emissions, installing high-demand EV charging or cutting energy costs through lower efficiency losses are all areas that the right UPS solution is able to contribute to. Smart energy solutions such as battery storage can provide the resilience required while also offering a more flexible approach to building an effective energy strategy.
Download the White Paper
To find out more about the UK’s changing energy landscape and how it could affect your business, request a copy of our white paper by completing the short form below.