05 December 2023
More than half of organisations are unprepared for future energy shortages or disruptions despite more than two-thirds agreeing that demand for back-up power generation is set to rise, according to new data from Critical Power Supplies (CPS).
More than two out of three respondents (68%) to CPS survey said that demand for back-up power solutions will increase, as businesses strive to meet sustainability targets. Moreover, 48% agreed that a comprehensive energy resiliency plan, including back-up power capability, is ‘very important.’
However, 57% said they were unprepared to handle future energy shortages and disruptions.
Despite the switch to renewable energy being key factors in energy resiliency, only 13% said they currently have a Net Zero transition plan in place, a factor that will undoubtedly impact their ability to respond to future threats of energy disruption. The biggest barrier to transitioning to renewable energy sources for back-up power is cost. The most cited challenge was ‘initial investment costs’ (78%), while 33% expect no cost savings and 28% foresee only minimal cost savings. A significant issue is lack of knowledge about government support, with 61% unaware of incentives and grants.
“Most businesses are acutely aware of the crucial dual challenge in responding to climate change: the need to reduce their impact on the environment and meet net zero commitments while building resiliency against the effects of climate change itself. This means switching to renewable energy sources. The good news is that by understanding and leveraging the alternative energy sources available and by preparing backup solutions, UK businesses can ensure that their operations remain uninterrupted while playing a pivotal role in this green revolution. However, as our data shows, a knowledge gap on the solutions is creating a significant obstacle,” said Jason Koffler, CEO of CPS.