What Are the Best Ways to Finance Your Energy Management Projects?

Authors

  • Eric A. Woodroof Ph.D., CEM, CLEP, CEP JO/Ill SOIl Controls, Inc.

Abstract

In a recent research project, a panel of financiers and fa-
cility managers de veloped a "top-ten" list of objectives that facilit y man-
ag ers should consider when they plan the financial arrangement s for an
ene rgy management project. The top-ten list includes economic and stra-
tegic objectives.
Surprisingly, having a high economic benefit was not the main con-
cern of the facility managers. They were at least equally concerned with
having positive cash flow projects, reducing risk and minimizing the im-
pact on in-house resources.
This article describes a generalized "decision tree" which was devel-
oped to guide facility managers to the best financial arrangements.

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Author Biography

Eric A. Woodroof , Ph.D., CEM, CLEP, CEP JO/Ill SOIl Controls, Inc.

Eric A. Woodroof, Ph.D., has published research paper s in numerous international journals and conference proceedings on ene rgy / facilit y mana gement. His research topics ha ve ran ged from lighting maintenance to fina ncing projects. In 1997, Dr. Woodroof showed that when firm s publicize their energy management projects, their stock pri ce goes up 21% (on average) above market condi tions. In 1998, he was appointed to serve on th e editorial boa rd for the int ernational journal Ellergy Engineering. In 1999, Woodroof was ap pointed to the Cer tified Energy Managers Board for the Association of Energy Engineers.

Dr. Woodroof is a Cer tified Energy Man age r, Certified Lighting Efficienc y Professional, Certified Energy Procurement Professional as well as a Green Lights Surveyor. Formerly the pr oject coord ina tor for the Industr ial Assessment Center at Oklahoma Sta te Univer sity (OSU), Wood roof has worked with ove r 120 compa nies on ene rgy / facility man agement projects, wi th savings worth millions of dollars.

Dr. Woodroof was recentl y hired by Johnson Controls, Inc. to manage the industr ial accounts in Oklahoma. He sees his new job as a "privilege" to help manufacturers gain a compe titive advantage by identifying and implementing profit improvement opportunities.

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Published

2023-09-30

How to Cite

Woodroof , E. A. . (2023). What Are the Best Ways to Finance Your Energy Management Projects? . Strategic Planning for Energy and the Environment, 19(1), 65–79. Retrieved from https://journals.riverpublishers.com/index.php/SPEE/article/view/20545

Issue

1999: Vol 19 Iss 1 1999

Section

Articles