Energy procurement and management for hospitals and health systems

Manage energy purchasing and budgets while planning for reliability, efficiency, and sustainability.

Managing hospital energy costs means working within requirements for patient care, equipment, and continuous operations. Purchasing decisions need to account for budgets and price risk, while efficiency and backup power projects need financial and operational review. 5 works with your facilities and finance teams to evaluate those decisions and put an energy strategy into practice.

How we help

• Electricity and natural gas procurement: Review usage, market conditions, and contract options to develop a purchasing strategy.

• Energy budgeting: Prepare budgets using historical consumption, contract terms, and seasonal usage patterns.

• Reliability planning: Evaluate dual-fuel backup generation, combined heat and power, and microgrids.

• Project evaluation and support: Provide financial analysis, review proposals, assist with vendor selection, and oversee resiliency installations or upgrades.

• Efficiency and incentives: Review efficiency opportunities, track incentives, and assist with rebate processing.

• Sustainability: Evaluate renewable energy agreements and help develop and implement an ESG strategy.

Services depend on the facility’s operations, location, and project requirements.

Frequently asked questions

Can 5 help evaluate backup power options?

Yes. 5 reviews energy usage, available space, and operating requirements to evaluate resiliency options. Support includes financial modeling, proposal review, vendor selection, and oversight during implementation.

Does 5 help with energy efficiency incentives?

Yes. 5 tracks incentives and assists with rebate processing. For eligible New York facilities, services may include assistance with NYSERDA funding.

Can 5 help with renewable energy purchasing?

Yes. 5 helps evaluate power purchase agreements (PPAs) and virtual power purchase agreements (VPPAs), including their terms and financial implications.

What types of healthcare organizations does 5 serve?

5 serves large health systems, regional hospitals, research facilities, and smaller healthcare providers, including private emergency rooms and blood centers.