IU Energy saves Agricultural businesses money, often facilitating passive income streams from different types of Agro energy, as well as reducing their Carbon emissions. We have broad experience of energy in the sector; after all, we’re based in a rural area. Coupled with 18 years of trading, our work is widespread for these reasons.
IU Energy will –
- Assess your energy consumption
- Ensure you’re on the best tariffs
- Assess suitable energy technologies that are suitable for your land
- Accurately calculate your savings
- Accurately calculate your ROI
- Provide a fixed cost quote for installation
- Design your energy saving solution
- Install it
- Maintain it
Diversification can be regarded as the re-allocation of some of your productive resources. For example, land, capital, farm equipment, and labour may be diverted to other products. In richer countries, this may be to non-farming activities such as –
- Renewable energy production
The NFU definition can be found here.
Energy cost savings in Agriculture
Significant cost savings are made with different types of Agro energy (renewable and energy efficient technologies) when applied to –
- Heating and cooling livestock buildings
- Greenhouse heating
- Humidity control
- Pasteurisation and cooling
- Drying and storage
Up to 19% of your indirect costs may go on ventilation and refrigeration alone. With this in mind, renewable energy in agriculture, delivered through self-generation and other renewable technologies is a sound business idea. For these reasons it doesn’t matter whether you’re planning farm diversification or not.
What types of Agro energy technologies work?
Roof space and land are often commonly available in Agricultural businesses. This improves choice and variety when compared with other sectors.
All the following are all possibilities, with several not only capable of driving down your costs significantly but also qualifying for 20-year income from RHI (Renewable Incentive Scheme). Some also benefit from ECA (Enhanced Capital Allowance)-
- Air Source Heat Pumps
- Battery Storage
- Biomass boilers
- Combined Heat and Power (CHP)
- Electric Vehicle Charging Stations
- Fixed-term green electricity tariffs
- Ground Source Heat Pumps
- LED Lighting
- Solar PV
- Solar Thermal
Power Purchase Agreements (PPAs)
Similarly, if you have a lot of roof space and significant electricity consumption, a Power Purchase Agreement (PPA) may be a good option for your farm or agricultural business solar panel system. In fact, these agreements are becoming an immensely popular way of financing certain renewable energy technologies such as PV panels. Notably, this funding model is now also reaching smaller businesses.
Of course, Solar energy in agriculture is nothing new, but in this case, a PPA applies where you are consuming the majority of the energy generated in running your business, rather than exporting it all to the grid.
A PPA is something IU Energy may be able to offer your business.
If your business energy usage and roof space meet specific criteria and you can demonstrate it’s for farm energy or agricultural energy use, a PPA will allow you to benefit from Solar PV installation with little or no upfront costs. The purchase is funded by a third party like IU Energy’s PPA finance provider.
You simply buy green energy cheaper than the market rate from the third party. Furthermore, the system is also maintained by us as part of your contract.
Download our free guide, ‘How to fund your renewables installation’ here: –