Non-Energy Benefits | Part 1 |  A Key Component of the Energy Project Business Case

What kind of payback did you get?

 

What is the return-on-investment?

 

These are two questions that any Energy Manager who has implemented or even proposed an energy project will invariably be asked.

 

Granted, economic viability is an important part of the business case for energy projects (or any project, actually). Projects firstly have to be practical and affordable, but simple paybacks and return-on-investments (ROIs) should not be the only part of the business case. By focusing on non-energy benefits (NEBs) of a project, and the overall value that a project brings, you increase your chances of securing funding, align key partners needed to ensure successful implementation, better integrate energy management into your organisation, and hopefully smooth the path for future opportunities. As a matter of fact, including NEBs can often help move ahead projects where the payback and ROI are not that strong.

 

Non-energy benefits will differ between organisations and even projects, but they should always be considered when planning your business case.  And while it’s sometimes possible to put a dollar figure to NEBs, it may not always be necessary.

 

Although saving energy does help with the “bottom line”, it is important to recognise that energy efficiency is not a company’s core business, and therefore must compete with numerous other initiatives in order to proceed. Rounding out your business case to include non-energy benefits helps demonstrate how energy management initiatives can make life better for others in your organisation, making your project stand out and greatly increasing the chances of it being successfully implemented.

 

-Ed Rubinstein

 

 

Learn more about this topic. Read the top 5 energy-related questions to ask when preparing a business case.

 

About Ed Rubinstein

Ed Rubinstein is a trainer in CIET’s Certified Energy Manager (CEM) course. Ed is the Energy & Environment Manager at the University Health Network. He’s been leading the hospital’s many environment programs since 1999 and has helped UHN become a leader in greening health care. Both UHN and Ed’s leadership in the field of “greening health care” have been recognized by several awards, including from the Ontario Hospital Association, Natural Resources Canada, Practice Greenhealth and the Canadian Council of Ministers for the Environment.

 

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Important COVID-19 Update for CIET Spring 2020 Training Calendar – CIET Goes Virtual!

Last Updated: April 21, 2020

 

CIET Goes Virtual!

The entire CIET team has been working hard recently to provide new training options for you through virtual real-time classrooms considering the current situation. This will allow everyone to continue accessing CIET training in a safe manner, which protects both our participants and our trainers. You can register for these virtual courses in confidence, knowing that they will provide the same quality of training that you expect from CIET. These real-time training sessions will be available to all participants across Canada.

 

REGISTER FOR VIRTUAL TRAINING TODAY!

 

You can find more information about CIET’s virtual training approach:


Postponement/cancellation policy

You can postpone your registration to a future session if desired, though we cannot yet determine how long the COVID-19 crisis will last. Indications from governments seem to indicate that isolation and travel restrictions might last for longer than we would like. For now, we propose keeping the registrations of all participants active. We will inform you of new dates as they become possible/available, including our new Fall 2020 training dates, which should be announced in May-June. Should you wish to cancel later, we have suspended our cancellation policy and there are no fees for any cancellation effective immediately.

Through all these measures, CIET hopes to provide as much flexibility as possible to training participants while respecting its commitments to other participants, trainers and partners, as well as public health recommendations.

 We thank you very much for your trust and collaboration and look forward to welcoming you in our virtual classrooms!

 

Best regards,

The CIET Team
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647 255-3107