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Powering Up Procurement: Latest Trends in Energy Procurement

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by Noah Kaleekkal , Senior Analyst-Category Specialization
8 July 2024



Energy procurement is a critical area for businesses, impacting costs, sustainability, and overall operations, but the energy landscape is also rapidly changing. Are you ready to navigate the latest trends and unlock the potential of sustainable energy procurement?

The Clean Energy Revolution

The falling costs of renewable energy sources, like solar and wind, have made them more accessible and attractive. Businesses are now investing in sustainable energy options that not only reduce their carbon footprint but also deliver long-term cost savings through lower energy bills and maintenance expenses. This shift is further fueled by government support, such as subsidies and tax benefits.

To effectively integrate renewable energy, companies are diversifying their energy sources, leading to significant changes in their emissions throughout the supply chain. Beroe can help you navigate this transition, connecting you with key players in the green hydrogen, solar, and wind energy sectors, as well as in sustainable fuels like bioethanol.

Our research spans major markets across North America, Europe, and APAC. We also guide companies in choosing the best-fit procurement and engagement models for transitioning to renewables, including virtual power purchase agreements (PPAs).

Digital Energy Management

Digital technologies have revolutionized energy management. Smart meters, IoT devices, and AI-powered analytics provide real-time data on energy consumption, identify inefficiencies, and suggest optimal energy use strategies. These allow businesses to reduce their energy consumption, integrate renewable energy more effectively, and lower costs through predictive maintenance and minimized downtime.

Beroe can connect you with major Energy-as-a-Service (EaaS) providers for natural gas and electric power procurement, market analysis, risk management, utility budget and invoice processing, and advisory services. We have also helped clients set up microgrids in remote locations and procure the latest generation of smart meters for large-scale rollouts.

Carbon Management Platforms

Carbon Management Software (CMS) has become essential for businesses to monitor, manage, and reduce their carbon footprint. The latest CMS solutions leverage AI and machine learning for enhanced predictive analytics, real-time data tracking, and advanced reporting features. These cloud-based solutions offer scalability and accessibility for global enterprises.

Beroe helps navigate the fragmented carbon software market, connecting you with the best-fit suppliers, including those offering industry-specific solutions and AI-powered tools for mapping complex supply chains and highlighting raw materials from at-risk regions.

Sustainable Contracts

The rise of sustainable or green contracts reflects a growing commitment to responsible practices. These contracts involve commitments to reduce greenhouse gas emissions throughout the goods and services delivery chain, from design to disposal.

Beroe has helped many companies align their KPIs and SLAs with regulatory standards and brainstorm on how to set industry-leading sustainable practices.

These trends should not be considered challenges, but rather opportunities for innovation, efficiency, and sustainability. By embracing them, you can maintain your company’s competitiveness, demonstrate your commitment to sustainability, and contribute to a more sustainable future.

Beroe’s Support for Sustainable Energy Procurement

Beroe provides comprehensive support for businesses navigating the evolving energy landscape. We help you:

  • Identify and connect with the best-fit suppliers for renewable energy, EaaS, and carbon management software.
  • Leverage market intelligence to make informed decisions.
  • Develop sustainable procurement strategies that align with your ESG goals.
  • Optimize your energy procurement operations to achieve cost savings, reduce risk, and enhance your sustainability profile.

Unlock the power of sustainable energy procurement. Contact Beroe today to learn more about our solutions.

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