Second only to labor, energy accounts for the majority of operating costs for cold storage facilities. While energy costs typically account for 15% or more of the operating budget, refrigeration makes up about 70—80% of average facility’s electricity bill. As utility costs rise, it becomes more challenging for operators of facilities to keep energy costs under control.
In addition, to win market share, it’s not enough to be competitive on traditional measures of price and value. You now have to stand out from an increasingly crowded field of players who can match or beat your pricing while offering benefits like “going green” that consumers and investors increasingly demand from big brands, whether that means offering organic or using clean energy.
Finally, the widespread power failure that struck the state of Texas in February 2021 underlined the vulnerability of the nation’s aging energy infrastructure. As the cost of batteries continues to come down, some facility operators are considering backup power solutions.
Our new guide draws on industry expertise to offer actionable ideas that cold storage facilities can implement right away to start saving money on energy. Get your free copy of our 17-page guide now by filling out the form below.