With energy and fuel prices soaring, small andmedium businesses (SMEs) are increasingly looking at green energy solutions tohelp cut costs.
The latest NatWestSustainable Business Tracker has shown afast growing trend among SMEs to invest in sustainable energy and transport.This comes in a variety of forms:
• Electric vehicles for their fleets
• Charging equipment for electrictransport
• Solar and green energygeneration
As you can imagine, this is of particularinterest to us here at ZPN Energy!
EVs and EV Charging Infrastructure
The data from the NatWest index shows that overthe next five years, some 37% of SMEs are planning to invest in EVinfrastructure. This includes turning their fleets over to zero emissionsvehicles and having chargers installed on their premises.
In the last year, 15% of SMEs have taken theplunge into the EV revolution while 19% of larger businesses including parceldelivery companies like Amazon and DPD.
This is helped with government incentives. Whereit comes to company cars for example, BenefitIn Kind (BIK) taxation is significantlyweighted towards EVs - a company car user will be given a BIK allowance of just2% on an EV as against a fossil fuel car of as much as 33%. This has been asignificant driver in the massive uptick in new EV registrations in recent years.
The UK government is also offering an EVinfrastructure grant for businesses of lessthan 249 employees. Companies taking advantage of this can significantly reducetheir expenditure when it comes to installing such equipment.
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electric vehicle charging systems. What you may not know is anotherpiece of data from the NatWest Sustainable Business Tracker interests us too.Over the next five years, 27% of businesses - up from 10% this year - are planning onsite energy generation.
In most cases this means that companies will beinstalling solar panels on their roofs and around their land. With grid energy costs significantly impacting businesses’ bottom lines, the idea of ‘freeenergy’ is causing a surge in demand for such systems.
Here at ZPN Energy we offer the Business Energy ManagementSolution (BEMS) where energy is used in themost cost efficient way possible to help keep those soaring costs down. The BEMS can be retrofitted to existing buildings, and potentially installed aspart of a wider green energy strategy involving EV charging systems too.
As well as cost savings there are otherbenefits. One of those is the Environmental, Social and Governance (ESG)reporting that can attract or repel climate conscious customers. Having astrong focus on the climate is a known selling point, which is why business giants like Royal Mail, Amazon and DPD are taking the lead on such matters.
For us at ZPN Energy this all represents excitingtimes ahead. The green energy revolution is upon us with so many UK businessesinvesting in sustainable energy solutions, and that can only be good for everyone.