You can reduce energy usage by 25%. But how? Find out how Conn’s did just that.
Energy expenditure, for any enterprise, is a significant cost. The good news is that it can be reduced, and once under control, the financial gains are almost always significant. According to the US Energy Information Administration, around 65% of business spending goes on energy (predicted to increase significantly over the coming years), so it’s an obvious area to target for savings.
Yet the question remains: are businesses acting as effectively as possible to realize benefits that are clearly within reach? For many firms, the answer is likely to be “no”.
Reducing energy expenditure benefits more than just the bottom line
Why does it matter? Multiple reasons underline why reducing energy costs makes sense and why companies that need to pay attention are missing out. Among them:
- Financial savings: The obvious one. Spend less on energy and the businesses bottom line improves, often significantly.
- Competitive advantage: Today’s consumers and investors increasingly favor environmentally responsible companies. They respect energy efficient practices.
- Regulatory compliance: Regulations monitoring energy consumption and carbon footprints are increasingly common and, when not observed, can result in punitive fines. These can be avoided.
- Reputation and brand image: Efficiency and sustainability initiatives are, as we’ve already noted, important, not just from a financial perspective. They also improve the way a company is perceived.
What can be achieved if you invest in energy efficiency?
So, how do you reduce energy usage? How is it possible to significantly reduce expenditure? Conn’s, a leading retailer with stores nationwide, serves as an example. It was able to cut its energy spending by 25%, saving around $7,000,000 over a five-year period in the process.
This was achieved by working with NexRev. To find out how everything worked, why not download and read our Case Study and learn how a similar approach could benefit your business.
About NexRev
At NexRev, we’ve been unlocking the power of facility and energy management data with over a million connected devices across North America. Our team of experts is focused on helping you deliver more with your budgets, infrastructure, and assets to create sustainable savings in operations and energy, reducing your risk and increasing operational confidence.
To begin a discussion on how we can help you reduce energy waste, please email us at