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Energy Conservation Fund: Helping Corporations Develop Energy Conservation Strategies and Reduce Utility Costs
Abstract
Energy conservation projects can save
companies significant money over time and often
pay for themselves very quickly. This is
especially true with the dramatic increase in
energy costs over the past few years. Yet
convincing corporate decision makers of their
value is challenging, since most plants with
limited capital tend to direct resources toward
projects that increase production rather than
toward those that save energy. The irony is that
production projects may not realize savings if
markets change, while conservation
improvements usually change a plant's
infrastructure in ways that ensure continued
savings.
Establishing a business unit or department
focused on energy cost reduction and investing
its profits in an Energy Conservation Fund
(ECF) is part of a total energy approach that
helps corporations identify projects, dedicate
funds and implement changes. It makes
conservation improvement projects more
attractive on the front end, so companies can
enjoy the long-term benefits.
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Citation
Swanson, G. A.; Houston, W. (2005). Energy Conservation Fund: Helping Corporations Develop Energy Conservation Strategies and Reduce Utility Costs. Energy Systems Laboratory (http://esl.tamu.edu); Texas A&M University (http://www.tamu.edu). Available electronically from https : / /hdl .handle .net /1969 .1 /5611.