Jul 21 2010
Nexant, Inc. is showcasing the importance of energy efficiency as the next green thing. Nexant, with its headquarters in San Francisco, provides energy services and software for various institutions and companies.
The company markets renewable energy and promotes energy efficiency projects. The Senior Vice President of Nexant’s Clean Energy Markets Paul MacGregor has analyzed the key factors of pending federal energy legislation, which would help in creating a national market for energy efficiency.
In terms of applications, energy efficiency offers constant ‘production’ for enhanced utility system operation and does not have any geographical limits while being competitive from the capital cost standpoint. In terms of environment, energy efficiency does not require any additional resources like land and water.
The most efficient and cost-effective approach of increasing the adoption of new service or product is the market. This holds good for energy as well, where the renewable energy market has been strongly established in around 30 states. Already, these U.S. states have adopted RPS (Renewable Portfolio Standards) which make it mandatory for utilities in their respective states to purchase RECs (Renewable Energy Certificates). The key for expanding clean energy contributions is by adopting energy efficiency, thus leading to a greener as well as energy efficient economy.
Source: www.nexant.com