FAQ
Please find below answers to many common questions:
Q: How do you know that the saving solutions you propose will work for us?
We have an extensive knowledge of energy savings projects implemented across a wide range of industrial and commercial customers, from large car component manufacturers to public sector bodies, so we know which solutions work. We undertake extensive trialling of new projects before introducing them to clients, to ensure they will meet our expectations and provide robust savings which we can then guarantee. Our client projects are always data logged before and after commissioning, in order to identify the actual savings achieved. E2 then guarantee this saving, in order to eliminate any risk to our clients.
Q: How does your guaranteed saving scheme work?
E2 operate the guaranteed savings scheme in order to reassure clients that our projects will deliver on savings. This works by specifying the guaranteed savings level on each project at the point of project specification. If the project then subsequently fails to meet the agreed savings target, E2 simply make up the difference. For example, if a project is guaranteed to save £10,000 & only achieves £9,000 in the 12 months following commissioning, E2 will pay the client £1,000.
Q: Have you ever had to pay out?
No. Because the savings on all projects are tracked in real time via half hourly (HH) data logging, any discrepancy against the target savings level is picked up early & resolved by our engineering team.
Q: How does E2 make its money?
A lot of the work required to identify & calculate the energy savings projects needs to be done upfront, before we can summarise the savings available and the associated project installation costs. For this reason, E2 work under a shared saving arrangement, so that there is no upfront cost to our clients.
The shared saving period commences after project commissioning, ensuring that our clients start to receive positive cashflow before any fees are paid.
This approach has proved successful for us, ensuring both E2 and our clients remain focussed on delivering reliable energy saving projects within a realistic timeframe.
Q: I want to reduce costs and carbon emissions, but do not have a large budget to implement savings projects. How can you help me?
Our strength is in identifying & implementing projects with a return on investment of under 12 months. Therefore you can use your existing energy budgets to cover the cost of our projects.
We also have access to the Carbon Trust’s interest free loan scheme, which will provide interest free finance over a 36 month period. Where our clients are not eligible for this, we can arrange competitive lease to purchase finance, therefore ensuring positive cashflow on projects within the first month.
Q: We have already done a lot of energy savings – is it still worth involving you?
In recent times, most companies have been working on an energy saving programme of some description. In some cases good cost savings have been achieved, in others the initiatives have slowed down at the project stage.
Where we can really add value is in identifying any areas where there are still large savings to be gained & guiding you in how to achieve these. Our knowledge of energy saving products and technologies is second to none & we have extensive experience of commissioning successful projects.
Q: We already have an energy consultant/broker – how will this affect our relationship with E2?
We are happy to compliment your existing internal facilties team & external consultancy support. The boundaries of our work can be set within our initial scoping meetings, allowing E2 to focus solely on the key areas you are interested in.