The price of energy is always volatile, but it has been hitting highs lately and extreme weather related to climate change is a strong indicator costs may not dip any time soon.
Invest in lower cost energy infrastructure
Many companies have put off real investment in energy-efficient structures because of the expense, but now may be time to do so to save money in the long run. Buildings are responsible for 40% of the world’s energy consumption, but you can upgrade them with energy efficient sensors that control ventilation, lights and other things that waste energy.
Optimize production processes
To shield your manufacturing processes from volatile prices, it may now be economically justifiable to invest in waste heat generated in the production process to power other activities.