Hospitals & healthcare


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The EPC route to carbon reduction


With mounting public pressure and increasing legislation placed on large businesses to reduce their carbon footprints, Energy Performance Contracting (EPC) is fast gaining traction as a viable financial instrument to fund and fast track large scale energy improvement projects, which can also occur in hospitals


M


ark McLoughlin, Siemens Industries and Markets, says: “Aging buildings in both the public and private sector, either through


fabric or design, waste significant amounts of money. Typically, 46% of an organisation’s operating costs is spent on energy and utilities with approximately 33% of that expended on wasted energy.” EPCs are appealing as they are sold on the


premise of zero-upfront costs and the savings made on energy consumption can be offset by the cost of installing any conservation measures. “Limited access to funds or expertise can often


22 May 2019


stifle projects at an early stage and any mechanism that unlocks the cash reserves to help organisations’ meet their efficiency, sustainability and infrastructure targets is massively welcome,” continues Mark. He adds: “Energy costs are also forecast to rise


over the coming years and anything organisations can do to reduce usage will have a positive impact on finances. EPCs are an efficient capital and cashflow tool, preserving valuable capital for core business assets and other priorities.” A comprehensive audit of an organisation’s power consumption is undertaken to provide the


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