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.
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.
