“Net zero” objective by 2050: we must make the right choices to initiate the transition

Climate and environmental issues continue to fuel debates and it is essential to focus on reducing companies’ greenhouse gas emissions. To do this, it is essential to establish a close link between electric vehicles (EVs) and buildings, especially when it comes to making the best use of renewable energies. The concept of “sector coupling” involves the electrification of a large part of the economy and is moreover widely regarded as the best way to achieve this objective.

In particular, this approach can help society achieve net zero carbon emissions. By producing their own electricity, using an energy storage system to manage it, and then using it to recharge EV fleets, businesses can help reduce their carbon footprint and save money on their energy bills. . Charging EVs with renewable energy stored on battery then becomes a cost-effective way to decarbonize.

Towards net zero

The term “net zero emissions” or “net zero” represents the commitment not to add new emissions to the atmosphere. Virtually all countries have joined the Paris Agreement on climate change. However, if companies continue to produce the emissions that cause this climate change, temperatures will continue to rise to levels that threaten the lives and livelihoods of people around the world.

Achieving the “net zero” goal by 2050 will require a virtual eradication of carbon emissions over the next thirty years, not only in the electric power sector, but also in transport, buildings. and industry.

The fall in the costs of decentralized generation, in particular solar photovoltaic, has already opened up the possibility for building owners in virtually all sectors to generate and consume more self-generated energy. So, self-production drastically reduces the carbon footprint and the annual energy bill sectors such as retail, rental of real estate, warehousing and logistics, sports and recreation, universities and public institutions.

Another solution to decarbonize the national economy remains sector coupling. This method of switching the energy supply to electricity is seen as the mechanism that will achieve net zero. This will involve the integration of energy consuming sectors such as transport, buildings and industry with energy producing sectors, to ultimately benefit from carbon-free energy generated from renewable sources.

To always go further in the process, companies will also have to switch to the electrification of their fleets. Indeed, deployments of electric vehicles are increasingly attractive from a financial point of view. Indeed these vehicles become competitive in terms of costs compared to those with combustion engine, especially when other factors such as fuel and maintenance prices are higher than ever. There is, however, a point of attention. If the park’s electrification project is not planned and executed properly, the company’s sustainability goals may not be met and additional costs will be incurred.

Prepare well for the future

The energy transition and the coupling of sectors are two good alternatives that are emerging for building owners and fleet managers.

Thus, considering how a building, site or installation can potentially function as an energy hub capable of taking advantage of the energy transition is envisaged by many companies. However, this route involves investing in fleets of EVs, or to promote the adoption of EVs by customers, and to provide sustainable and competitive energy produced on site in order to make the building more autonomous and alleviate pressure on the network.

This can be done through the installation of a smart battery system, as well as through the production of renewable energy on site, such as photovoltaic solar panels, which allows a building to prioritize the consumption of electricity. self-produced. Buildings can then become hubs that promote EV charging.

Self-generated electricity means that buildings can “generate income” by supporting a “recharge as a service” business model. It is thus possible to become an energy hub that helps building owners meet energy efficiency standards and other applicable regulations, in particular those that require owners of commercial buildings and real estate to provide a charging service. VE for tenants or clients.

The technologies to move quickly towards climate neutrality already exist, but it can be overwhelming for building and fleet owners knowing where to start. Working with trusted partners and suppliers is therefore essential to the success of projects because the advice of experts will help to ensure the proper execution of the latter, their performance and ensure that sustainability objectives are met. Companies around the world are rapidly moving towards a more sustainable future, and banks are increasingly inclined to apply environmental, social and governance investment criteria.. It will thus become increasingly easy to obtain funds for investments when projects aimed at reducing the carbon footprint of buildings and facilities are presented.