Definition
The practice of using less energy to perform the same task or achieve the same output, thereby reducing waste, lowering costs, and cutting emissions. Businesses improve energy efficiency through technology upgrades, operational improvements, and smarter energy management.
Why It Matters
- Cuts operational costs by lowering energy bills and reducing waste.
- Reduces carbon emissions from electricity use, industrial processes, and transportation.
- Strengthens business resilience by minimizing exposure to volatile energy prices and carbon regulations.
Key Areas of Energy Efficiency Implementation
- Industrial & Building Efficiency: Using smart energy systems and efficient equipment to lower electricity use.
- Transportation & Logistics: Adopting vehicle fuel efficiency, modal shift and area design (city, industrial park, or special economic zone corridor), efficient logistic route planning, and better fuel management to reduce emissions.
- Power Generation: Improving energy efficiency in power plants and reducing line losses.
Example: PTT Public Company’s Office Building for Gas Separation Business
- Coral Life’s design reduces BTU installation by 84%, from 3.1 million BTU to 0.5 million BTU compared to a conventional building.
- Annual electricity use is cut by 75%, from 1,497 MWh to 379 MWh, leading to significant cost savings.
- This efficiency translates to THB 4.7M in yearly savings and potentially registers to 525.6 tons of carbon credits per year, with a potential THB 1.5M.
Read More: Coral Life Projects
Further Reading
