NOVEMBER 202319BOOSTING THE SUSTAINABILITY OF ENERGY PROGRAMS Nowadays, people are more aware of the relationship between energy and the environment, which allows us to consider the broad concept of resiliency, sustainability, and energy efficiency and how they are interconnectedforward to see whether these resources and funding from the Federal Government will facilitate them to achieve it or are there gaps not bridged by these allowances. Then we work on finding a way to cover and fill those gaps if any.Often, it is just a matter of a change of perception or capital contribution, and sometimes it is finding incentives or utility. The method in financial engineering should seem parallel to the technical solutions and challenges faced by clients and look at the financial aspect of it that weaves together multiple funding sources to provide the best financial solutions.Please elaborate on the technological trends that you are witnessing in the energy space.Incentives for battery backup offered by the Federal Government are relevant funding sources. Implementing battery back-ups in micro grids can improve cost-efficiency and help companies keep up with technological advancements, leading to smoother operations in the market. However, incentives can be irregular, which can be a challenge for companies.California has done an excellent job in the solar industry by catering to the need for incentives to be sustainable. This enables technology companies to invest in affordable rates on technology advancements. California's incentive program has reduced participation time, boosting tech-driven firms' confidence to invest in new facilities and technologies. The program mentions of the significant price drop that is helpful. Organizations plan and invest in technology development despite being aware of the decreasing incentives, as they employ their experience and deep knowledge to leverage and optimize the usage of incentives, which helps them enhance business by adopting recent technologies.Could you please delve into strategies Southland Industry employs?We developed an energy program in Pomona, California several years ago, and it's wonderful to see that it's still being used. The school district has taken a wise decision by looking beyond the direct use of COVID funds and integrating strategies that include cost-efficient energy, improved air quality, and comfort level. This has subsequently enhanced the learning environment in the classroom and promoted electrification.Our aim is to participate in the state initiative for electrification that will subsequently reduce greenhouse gas emissions. We equipped them with a comfortable and improved learning environment for strengthening their future by supporting them in their venture. We aligned with them to tackle situations and arrive at solutions to fulfill this vision by connecting the pieces and parts.Since the climate is humid these days, people use air conditioners even during the daytime, which makes it imperative to increase and maintain a certain level of comfort for children by providing them an adequate learning space. By doing so, we can ensure that they have a conducive environment for learning.How do you envision the future of the energy industry?Nowadays, people are more aware of the relationship between energy and the environment, which allows us to consider the broad concept of resiliency, sustainability, and energy efficiency and how they are interconnected. It is heartening to see that most of us understand the need for resiliency and sustainability in the industry, which can have a positive impact on both the market place and the environment. Companies and clients can catalyze and move forward in these areas with enough momentum on both political and legislative fronts.What is your advice for peers and other professionals in the field?Advancements happen when engineers to get excited over technical aspects. But while acting on it, you need a proper understanding of the framework and incentives capable of increasing the sustainability and impact of said advancements.
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