A new interest in renewables for smart energy management

Energy management is becoming a growing component of business strategy as industrial companies look more closely at their energy profiles to identify opportunities for cost reduction, decarbonization, and resilience. They are increasingly adopting energy-management technologies and considering onsite resources, such as renewable energy and energy storage. As Deloitte’s latest report notes, three trends are converging in industrial businesses, creating an opportunity for greater grid interactivity of industrial assets: A broader move toward Industry 4.0, or digital transformation of manufacturing processes and products The electrification of industrial fleets, processes, and space heating and cooling in buildings in line with the broader energy transition taking place across the economy Energy management, which involves tracking and optimizing energy use to achieve goals, such as saving costs, reducing carbon emissions, and increasing resilience.