Entergy Arkansas’ Continuous Energy Improvement Initiative Saves Businesses Money

Rhea-AI Summary

Entergy Arkansas' CEI initiative helps businesses save over $1 million in energy costs, with companies receiving incentives and achieving significant energy savings. Roseburg Forest Products and Danfoss Power Solutions are examples of successful participants in the program, reducing energy usage and costs while increasing sustainability.

Insights

Energy Efficiency Consultant

The Continuous Energy Improvement (CEI) initiative by Entergy Arkansas represents a significant stride in energy management and sustainability for businesses. From an energy efficiency perspective, the substantial savings reported by companies like Roseburg Forest Products and Danfoss Power Solutions underscore the tangible benefits of systematic energy optimization. Roseburg's avoidance of over 19 million kWh in energy usage, leading to an estimated $1.1 million in savings, demonstrates the potential scale of impact such initiatives can have on operational costs.

Furthermore, the initiative's focus on no-cost and low-cost operational changes, such as powering down equipment during non-operational periods, is a critical step towards behavioral change in energy consumption. The ripple effect of this can be seen in the reduction of overhead costs, potentially improving the operating margin and offering a competitive edge. It's also worth noting the positive environmental implications of reduced energy consumption, which align with growing consumer and investor interest in corporate sustainability practices.

Financial Analyst

The financial implications of the CEI initiative for participating Arkansas businesses are considerable. With Entergy Arkansas awarding $862,482 in incentives, there is a direct impact on these companies' bottom lines. For investors, the energy savings translate into improved financial health for these companies, which could be reflected in their stock performance and attractiveness to sustainability-focused investors.

An essential aspect to consider is the forward-looking impact of these savings. The reduced energy costs not only provide immediate financial relief but also allow for reinvestment into other areas of the business, potentially spurring innovation or expansion. Additionally, the positive PR from participating in such initiatives can enhance a company's brand value and customer loyalty, factors that indirectly contribute to long-term shareholder value.

Sustainability Analyst

The CEI initiative's success stories highlight a growing trend in corporate responsibility towards energy efficiency and environmental stewardship. Companies like Roseburg Forest Products and Danfoss Power Solutions are setting benchmarks for the industry by exceeding their energy reduction goals. This proactive approach to sustainability can serve as a model for other companies, potentially influencing industry norms and expectations.

It's also essential to consider the broader implications of such initiatives on the market. As businesses become more energy-efficient and sustainable, they may also benefit from regulatory incentives, subsidies, or tax breaks, further enhancing their competitive advantage. The focus on sustainability can also drive innovation, leading to the development of new products or services that cater to an increasingly eco-conscious consumer base.

One south Arkansas company estimated to have saved over $1 million in energy costs

LITTLE ROCK, AR / ACCESSWIRE / March 4, 2024 / Arkansas businesses are receiving thousands of dollars in incentive payments and saving even more than that in energy usage by participating in Entergy Arkansas' Entergy Solutions Continuous Energy Improvement (CEI) initiative.

CEI, which provides energy efficiency strategies, consulting advice and technical expertise designed to help companies save money and energy, has awarded five companies $862,482 and is estimated to generate energy savings of 36.5 million kilowatt hours. These energy savings keep more dollars in customer's pockets by reducing their energy costs while helping their facilities run more efficiently.

CEI is provided at no additional cost to customers and is proven to change the way people use energy within their organization's facility, which leads to quantifiable savings and fosters a culture of energy awareness.

Here's a look at a few of CEI's success stories:

Roseburg Forest Products

By participating in Entergy's CEI initiative, Roseburg Forest Products in El Dorado, AR has received nearly $400,000 in incentives from Entergy Arkansas and avoided over 19 million kWh in energy usage, which equates to approximately $1,100,000 in avoided energy costs.

Starting in 2021, Roseburg Forest Products engaged with Entergy's (CEI) initiative to continue their commitment to energy efficiency and sustainability. By participating in CEI, Roseburg committed to reducing energy usage by 5% in the first year. After exceeding that 5% goal in the first year and considering the new motivation to complete additional energy saving projects, the organization increased their goal to 10% for the second year.

Danfoss Power Solutions

Another CEI success story is Danfoss Power Solutions in Searcy, Arkansas. This organization also engaged with Entergy's (CEI) initiative in 2021. Like Roseburg, they exceeded their initial goal to decrease energy usage by 5% goal in the first year and then increased the goal to 15% for the second year. By participating in Entergy's CEI initiative, Since the beginning of Danfoss Power Solutions' participation in CEI, they have received $37,785 in incentives from Entergy Arkansas and avoided more than 1 million kWh in energy usage, which equates to over $80,000 in avoided energy costs.

"We love seeing our customers, like Danfoss, meet their goals and reap the benefits of increased energy savings and overall cost efficiency," said Todd Welter, Entergy customer service manager. "Danfoss is a great example of a company whose participation in our Entergy Solutions initiatives has helped them prioritize environmental responsibility, and see the benefits of these efforts, which will continue to increase over time."

The CEI initiative begins with people and focuses on even the smallest behaviors and how those have an impact on our efficiency. The initiative emphasizes low-cost and no-cost behavioral and operation changes like powering down equipment during breaks and turning it off on weekends to help organizations save energy and be more sustainable, while receiving incentives from Entergy Arkansas. As a part of CEI, participants receive benefits from Entergy Arkansas, including one-on-one coaching and attending energy saving workshops to learn more about how to save energy from Entergy Arkansas representatives, as well as other CEI participants.

Other Arkansas organizations that have benefited from the Entergy Solutions CEI measure include:

Molex - Maumelle, Arkansas
Incentive: $300,426
Estimated annual kWh savings: 15,021,348 kWh

City of Batesville - Batesville, Arkansas
Incentive: $7,006
Estimated annual kWh savings: 58,389.00 kWh

Mayville Engineering - Heber Springs, Arkansas
Incentive: $127,715
Estimated annual kWh savings: 1,012,730 kWh

To learn more about how Entergy Arkansas can help you save energy, call 877-212-2420 or visit entergyarkansas.com/commercial.

About Entergy Arkansas

Entergy Arkansas, LLC provides electricity to approximately 730,000 customers in 63 counties. Entergy Arkansas is a subsidiary of Entergy Corporation, a Fortune 500 electric company. Entergy powers life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We're investing in the reliability and resilience of the energy system while helping our region transition to cleaner, more efficient energy solutions. With roots in our communities for more than 100 years, Entergy is a nationally recognized leader in sustainability and corporate citizenship. Since 2018, we have delivered more than $100 million in economic benefits each year to local communities through philanthropy, volunteerism and advocacy. Entergy is headquartered in New Orleans, Louisiana, and has approximately 12,000 employees. For the latest news from Entergy Arkansas, visit the Newsroom and connect with @EntergyArk on social media.

View additional multimedia and more ESG storytelling from Entergy Corporation on 3blmedia.com.

Contact Info:

Spokesperson: Entergy Corporation
Website: https://www.3blmedia.com/profiles/entergy-corporation
Email: info@3blmedia.com

SOURCE: Entergy Corporation

View the original press release on accesswire.com

FAQ

How much money did Roseburg Forest Products save in energy costs through Entergy's CEI initiative?

Roseburg Forest Products saved approximately $1,100,000 in energy costs by avoiding over 19 million kWh in energy usage through Entergy's CEI initiative.

What was Danfoss Power Solutions' initial goal for decreasing energy usage in the first year of participating in CEI?

Danfoss Power Solutions aimed to decrease energy usage by 5% in the first year of participating in CEI.

How much money did Danfoss Power Solutions save in energy costs through Entergy's CEI initiative?

Danfoss Power Solutions saved over $80,000 in energy costs by avoiding more than 1 million kWh in energy usage through Entergy's CEI initiative.

What are some low-cost and no-cost behavioral changes emphasized in the CEI initiative?

CEI initiative focuses on behaviors like powering down equipment during breaks and weekends to save energy and increase sustainability.