McKinsey & Company, a management consulting firm, released a report that addresses how companies can capture the energy-efficiency opportunities in the coming years. They have ongoing research involving opportunities for greater efficiency of energy use in the United States, what barriers exist, and possible solutions.
“In the nation’s pursuit of energy affordability, climate change mitigation, and energy security, energy efficiency stands out as perhaps the single most promising resource. In the course of this work, we have highlighted the significant barriers to overcome, but have also provided evidence that none are insurmountable. We hope the information in this report further enriches the national debate and gives policy makers and business executives the added confidence and courage needed to take bold steps to formulate constructive ways to unlock the full potential of energy efficiency.”
Energy efficiency is the key to a competitive advantage. This is not only true in how the company operates, but also in the products it makes.
“To take advantage of these opportunities, companies will need deep insight into customer preference. Enhancing the economic value of energy-efficient products for industrial customers and consumers—and making this value transparent to them—will require expertise in design-to-value and value selling, as well as innovative financing solutions and new operating models.”
Research finds that investing in current technologies now would pay for themselves in future energy savings and could save consumers and businesses around $600 billion a year by 2020.
To read the full publication click here.