Although we were a little more focused on shooting par this past weekend rather than the company, our recent meeting regarding the issue of maximizing energy efficiency has interested me into researching wind turbines and other sustainable practices. As a manager and colleague, I believe it is not in the company’s best interest investing into wind turbines at this time and also due to Carbondale’s low average wind speed. However, I believe there are alternative energy-saving options that could be implemented to lessen Groggs peak energy expenses and specifically reduce the company’s dependence on coal. Nowadays, many businesses are starting to focus more and more on environmental sustainability and implementing such practices would allow Groggs Peak to improve its commitment to corporate social responsibility while bettering customer loyalty. After conducting some research, I am excited to share my findings and alternative benefits for your proposal.…
The best place to start my quest would be in my own home located in Baltimore City Maryland. Our energy supplier is Baltimore Gas & Electric Company. Our home is over 50 years old, but has had some modern upgrades, such as a new heating, ventilation and air conditioning system (HVAC). This system is fueled by both renewable (electric) and nonrenewable (natural gas) energy. Without some energy saving protocols in place, it can be rather costly to operate this system. For example, the price charged per natural gas Therm is…
1) How much importance should be given to the energy cost situation? Michael Burton’s proposal to expand into new energy efficient products is justified by increasing interest in the public and private sectors to reduce energy costs. At the highest level of government, the Obama administration has tied the US economy’s energy policy with its future success and competitiveness with other global powers. In a speech on June 2009, President Obama specifically mentions the Energy Department’s plans to implement “…aggressive efficiency standards for common household appliances – like refrigerators and ovens – which will spark innovation, save consumers money, and reduce energy demand.”1 Sarah Max from Money magazine (2010) also mentions that there are over 100 state programs that offer additional incentives for home energy efficiency. She points out that there 6 times as many programs offered by utility companies as well.2 In all, home consumers are being highly incentivized through rebates and tax credits to make home energy improvements— including the purchase of energy efficient appliances. Presumably Tesca Work’s new product will meet the Energy Star standards established by the EPA and DOE. According to the Energy Star achievements report for 2010, American households purchased around 200 million Energy Star qualified products that year (3.5 billion since 2000).3 The energy cost situation is one that the Tesca Works cannot ignore in their product development and marketing strategies. 2) Forecast the project’s cash flows for the next twenty years. What assumptions did you use? This project’s cash flows are projected over twenty years based on three assumptions or scenarios for the product’s demand: Weak, Average, and Strong. Each scenario’s variables are outlined in the Table 1 below:…
1. Corporate social responsibility is defined in Chapter 5 as the corporate duty to create wealth by using means that avoid harm to, protect, or enhance societal assets. Did GE in the Welch era fulfill this duty? Could it have done better? What should it have done?…
For the facility in Pennsylvania new entrants were identified and researched by studying their websites, and were sent an RFP. As a result of this open RFP, four potential suppliers were identified and interviewed to identify their proposals for reducing the organizations’ energy cost. This included the current supplier (Company A) and three new suppliers. Next, each supplier was invited to visit and present their case to the team, emphasizing why they should be the provider for this block of energy to the facilities. The following description of the utility evaluations illustrates how the team considered multiple criteria in evaluating each of the four suppliers:…
Factors such as socio cultural tendencies and trends are a big influence for Canadian Solar, being in the renewable energy field, green supply is being viewed as a way of the future and is being embraced by developers as well as consumers. Even though in 2008 the tariff return not being equal to the actual cost of other energy sources, the expectation was that they would be equal or that solar would be less expensive than regular energy in the next 3 to 5 years.…
In reference to the current business practices audit, Riordan Manufacturing has identified waste production and energy consumption as targets for sustainability efforts. To be specific, there will be an energy use reduction while increasing the use of renewable energy sources. Secondly, there will be a reduction of plastic waste production while increasing the recycling of this waste plastic. After reviewing the Riordan Manufacturing Intranet website, Riordan’s main cost of production is the price of energy. Because of this, the first best practice Riordan should implement is the installation of solar panels. To offset the cost, Riordan will install solar panels at all locations, including their corporate offices. Riordan must keep in the mind the cost of implementation, maintenance, and target metrics. In the beginning on this implementation, Riordan will seek low interest loans. Each location will monitor total outside energy consumption against the month of the previous year on an annual basis to ensure compliance and success. Success will be decided on the effectiveness of Riordan’s employees to reduce its reliance on outside energy and decrease the impact on the environment.…
This memo is to inform the company’s areas of biggest concern of the annual report and interesting facts about SM Energy. After researching the company, I discover several interesting facts as follows:…
Total Study Time: 150 hours, comprising 40 classroom hours and 110 hours of personal study.…
Suncor Energy Inc. has some plans to manage their operations and growth in a way that increases economic benefit while helping the environment. They have numerous sustainability practices in place such as;…
Governments and industry groups are preparing for enhanced energy efficiency. Some matters are currently required by the Building Code of Australia (BCA 5 star, BASIX for NSW) & others are becoming so. (eg. NABERS Energy) Along with these mandatory regulations voluntary schemes are also available. (Green Star, GreenPower). Below I will discuss these mandatory legislative & planning requirements as well as optional solutions for thermal efficiency.…
With the world’s primary energy needs set to grow by 55% by 2030, and electricity consumption to double over the next few decades, managing future need is a global challenge, and one of the most significant of our time. The International Energy Authority (IEA) estimates that $22 trillion of new investment will be needed by 2030. At the same time, there is the global challenge of climate change and the need to develop cleaner sources of energy in order to improve the health of our environment. There are two main ways of achieving this; measures such as emissions controls, carbon trading and green taxation to encourage a reduction in energy consumption and an increase in energy efficiency, this known as a ‘carrot and stick’ approach. The alternative to this is to develop new and radical technologies that are sustainable and bring energy security.…
It is important for everyone to do their part to conserve energy. Our resources, such as water, natural gas, oil, coal and the water species are limited. We have to save some for the future. Another reason is that some of these resources pollute the environment. We have to be careful since it causes damage to the environment.…
The energy that humankind is using at home pollutes the environment and reduces the availability of energy in the future. (GovHK 2010) Lighting and air conditioning are the major forms of energy consumption at home. (GovHK 2010) Both governments are therefore working to help all homes use less energy and save money from energy bills by proposed regulations and financial support. (Australian Government 2009) and (GovHK2010) The Energy Efficiency Labelling Scheme is being promoted in Hong Kong and the Minimum Energy Performance Standards (MEPS) programs are also being promoted in Australia. (Australian Government 2009) and (GovHK2010) These two programs have similar functions and policies. They are set out in the relevant appliance standards. (Australian Government 2009) and (GovHK2010) “For lighting, compact fluorescent bulbs are highly cost-effective replacements for incandescent, and the prices of new technologies, such as LED, are declining.” (Diesendorf 2007) In brief, the Australian and Hong Kong Governments have similar policies to save energy in homes by reducing light energy and setting appliance…
Hello ladies and gentlemen, my name is Jamie Braegger and I’m a current board member of the Home Owner’s Association. I’m here to educate all of you on Energy Conservation and why it’s so important to help do our part.…