Opus Energy Survey Smes Turning To Renewable Energy Generation

New research from business-to-business energy supplier

,Opus Energy, suggests a growing level of interest among small to medium enterprises (SMEs) in generating renewable energy from their own businesses, with one third (32%) expecting to introduce solar panels, wind turbines, ground source heating solutions or anaerobic digestion for example. A total of 38% expect to be generating their own renewable energy within five years.

Despite recent cuts in energy tariffs, and perhaps faced with finding new ways to generate income (42% highlight the revenue opportunity behind any decision), although a large number of SME business leaders questioned in the survey expect to be generating renewable energy within the next five years, younger business owners (aged 18-34) say they are even more likely to make the investment sooner.

Opus Energy recently launched its power purchase agreement which enables customers to generate additional income from renewable energy, whilst powering their businesses and reducing their carbon footprint. The survey highlighted that most SMEs (59%) felt they would definitely be interested in generating their own power if the Government provided subsidies.

The research also found that 42% of SMEs said they would switch to generating some or all of their own power from renewables if it could be proven that they would make money out of it.

Charlie Crossley Cooke, Managing Director,Opus Energy, added: Theres real dynamism in the SME sector from people who are genuine entrepreneurs and we expect to see more examples of SMEs powering other businesses as well as their own. Opus Energy encourages businesses to take full advantage of the subsidies available and start generating their own renewable energy. Its an investment in their business future: a way to reducing overheads and to make savings on their energy costs.

With so much talk around the consumer energy sector, we need to be championing the cause for business. The small to medium size business sector has been coined by governments as a backbone for economic recovery, but so far we are not seeing the support required to help business owners get to grips with energy costs and innovative solutions such as renewables.

by: Geoff Grisso

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