As UK growth forecasts are slashed, why companies can’t afford not to invest in V.O.
The Organisation for Economic Co-operation and Development (OECD) has dramatically slashed UK growth forecasts to –0.7 per cent. Such dire economic forecasting does not mean British industry can put a spending freeze on energy efficiency measures, however. In fact, against this economic backdrop, UK companies can’t afford not to invest in energy saving technology, as voltage optimisation provider EcoAdapt (http://www.ecoadapt.co.uk) explains.
The OECD has slashed its forecast for UK growth more than for any other major country, cutting it from 0.5 per cent down to –0.7 per cent, an announcement which was made at the same time David Cameron and chancellor George Osborne unveiled new plans intended to kick-start growth once again in Britain. Such plans will not be sidelined given the OECD’s harsh growth forecast, however, and in fact it is at times such as these when the country as a whole is urged to act, rather than stagnate. Whether that means encouraging consumer spending to fuel the wheels of retail or urging British industry to continue with investment plans, it is essential that the UK continues to move forward.
This is precisely the case with companies investing in energy saving technology. Upon hearing of the latest UK growth forecast from the OECD, Financial Directors across the country may be tempted to freeze all company spending for fear of over-reaching themselves in a time of such economic uncertainty, with energy efficiency investments going to the bottom of the pile. However, British businesses do this at their peril, not only because of the ubiquity of energy saving measures, but also because technology such as voltage regulators will save companies tens or hundreds of thousands in the medium- to long-term.
Voltage Optimisation (VO) technology allows electrical equipment to run at 220 volts, the optimum level, thereby extending the life of that equipment whilst lowering electricity bills. Essential and costly equipment needs to be replaced less often, and companies can reduce electricity costs while cutting their carbon emissions. VO technologies can provide as much as 50% greater energy savings as well as future-proofing a company’s electrical infrastructure against the instability of the UK national grid.
The UK’s economic future may look bleak, but British businesses who want to make savings as well as meet energy efficiency targets simply can’t afford not to invest in VO technology. Find out more at http://www.ecoadapt.co.uk.
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