According to the International Energy Agency, total world consumption for marketed energy will increase by 50% through 2030.1 For energy companies providing electricity, natural gas, oil, water, nuclear or other sources of power, focusing on enhanced operational efficiencies such as workforce optimization and employee expense management is imperative. Facing challenges created by resource, ...
IBM has partnered with Harvard University researchers on a new WCG project to discover organic materials that have the potential to create a more efficient and lower-cost solar cell. If this research proves fruitful, it has the potential to make solar energy much more cost-competitive with fossil fuels and other power generation methodologies. The project not only has the potential of solving ...
Bell Labs, a division of Alcatel-Lucent, recently launched Green Touch, a consortium of experts from the information and
communications technology (ICT) industry, academia and non-governmental research organizations. The consortium is dedicated to fundamentally transforming communications and data networks, including the Internet, and significantly reducing the carbon footprint of ICT devices, ...
This white paper offers an explanation of the challenges and opportuni- ties inherent to the Carbon Reduction Commitment (CRC) legislation. First, we will explain the CRC carbon reporting regulation in some depth. Second, we will then communicate this information in the context of a hypothetical company ABC plc.
As will be seen from the scenarios presented, organisations must keep accurate ...
Reverse auctions have turned the once-secretive, sealed-bid process for procuring goods and services into an open bidding war – which appears to be to the advantage of the buyer. Under this arrangement, the buyer contracts with a third party that issues a request for quotations from suppliers. At a predetermined day and time, suppliers log into an auction site and input price quotes, competing ...
Organizations across the United Kingdom continue to prepare for their participation in the CRC Energy Efficiency Scheme, formerly known as the Carbon Reduction Commitment (CRC). The legislation is due to be passed into law by early 2010 and will make the UK government the first to instigate a scheme of this nature to address the growing problem of carbon emissions and adverse climate change.
The ...
Centralizing the energy procurement function for an industrial or commercial company is not a simple task. For all companies, hurdles abound; some within the company and some outside of it. Overcoming these hurdles requires strong leadership, a disciplined strategy and the ability to successfully prepare for the challenges ahead.
It happens everywhere – the energy component of conversion cost skyrockets when production is scaled back. The cause is clear and avoidable. You can avoid this pitfall by taking immediate action to reduce the fixed component of energy consumption.
Purchasing professionals face some universal issues, whether they are buying cardboard, beef or industrial exhaust systems. Everyone wants the lowest possible cost. No one wants surprises in the contract. And everyone knows that more bidders typically bring more competitive pricing.
Implications of the Carbon Reduction Commitment (CRC) are far-reaching and will apply both within the public and private sectors across the United Kingdom. About 20,000 organisations will likely be affected, based on how much electricity they consumed in the baseline year of 2008. The scheme has a number of detailed reporting and compliance requirements, as well as potential financial and ...
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