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Inside a beverage manufacturing plant, energy-guzzling machines churn away. Amid the constant whirring of freezers and refrigerators, mixers and cleaning-in-place systems, it’s no wonder that the food and beverage (F&B) sector has made relatively little progress in reducing its energy consumption. From 2000 to 2020, the food manufacturing sector achieved only a 6% reduction in its energy intensity—while other industries such as textiles and transport equipment have notched reductions of 47% over the same span.
But changes to the world’s energy systems present opportunities for these businesses. By reframing how they see these assets, as well as examining overall energy use, companies can cut their energy spending, boost energy availability and price security, lower Scope 1 and 2 carbon emissions and generate new revenues.
Though improvements in efficiency are nothing new, today’s technologies also enable companies to fully manage their energy demand and costs—by producing, storing and selling their own energy, and buying energy at the moments when it’s most economical. And they can accomplish all this with minimal capital expenditure by partnering with energy developers, which pay for related assets and manage their installation, operation and maintenance.
Government industrial policies and subsequent national tax incentives have an increasingly important role to play in stimulating sustainable investments. Such policy incentives may feature reduced tax rates, additional tax deductions and accelerated depreciation.
We analysed one global F&B company’s public data—which included an accounting of its vehicle fleet as well as its retail, factory and corporate sites worldwide—and estimated that it could unlock combined energy savings and revenues of nearly US$300 million a year, or about 60% of its total electricity costs.
How? By taking action holistically across four areas: demand optimisation, energy independence, market maximisation and electrification.
The Energy Transition
Make your energy transition add up to more. From greener supply to leaner demand - delivering radical decarbonisation by scaling up renewables, building greener and operating smarter.
Capturing the energy-demand opportunity: Practical steps for business leaders
Leading companies create value by taking charge of their energy demand. Lessons from these early movers reveal the actions that are critical to their success.
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