A seminar hosted by Clean Energy Finance Corporation (CEFC) and Commonwealth Bank in Adelaide aims to help manufacturers save on energy costs to stay ahead of the competition.
Being held on Thursday, 17 July at the Crowne Plaza Hotel, the seminar will show attending manufacturers how they can use finance to future-proof their businesses, upgrade equipment to reduce energy costs by 15 to 50 per cent, and enhance energy productivity and competitiveness in a tough economic climate.
CEFC Chief Operating Officer Meg McDonald explained that the CEFC and Commonwealth Bank have a $100 million Energy Efficient Loan product available to manufacturers. This fund is already helping several food processors and manufacturers save on energy costs and boost competitiveness.
For instance, a refrigeration upgrade financed for iconic South Australian ice cream maker Golden North has helped make its operations more efficient, increase its production capacity and allow expansion.
Several major fruit suppliers have also been able to cut their refrigeration costs by having their refrigeration upgrades financed. Examples also include a rendering plant that installed a generator to supply electricity, hot water and steam to reduce its reliance on grid-supplied electricity, and a plastics manufacturer who upgraded their rotational moulding ovens to halve oven energy use.
Participants at the Adelaide seminar will also gain an understanding of the drivers for energy efficiency investment from energy efficiency specialist consultant, Nick Palousis - CEO and founder of Adelaide-based 2XE, Tindo Solar’s Commercial Business Manager Craig Cowling, and Energetics Principal Consultant Graham Winkelman.