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113 W Monument Street, Floor 2
Baltimore, MD, 21201
United States

(410) 962-1188 x27

Baltimore-based alternative and clean energy company. Certified MBE for energy consulting, energy management information systems, and renewable energy facility production.

Blog

Energy Procurement Insights for May: See What's Driving Prices in Your Region

Bithgroup Technologies

Energy markets are complex, and it can be difficult to find useful information to inform the energy procurement strategy for your organization. What you need is detailed information on the factors driving prices in the region where your facilities are located. Every month, EnerNOC's Energy Intelligence team develops in-depth reports on activity in individual energy markets. 

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New Approaches to PPAs Open the Renewable Energy Market to More Businesses

Bithgroup Technologies

As costs have declined and new contracting options have emerged, renewable energy purchasing has become less of a risk for businesses. Through aggregation and virtual power purchase agreements (VPPAs), customers can enjoy new flexibility when procuring utility-scale renewable energy.

The cost of utility-scale solar power fell nearly 30% in 2017 alone, and has decreased nearly 80% since 2010, according to the National Renewable Energy Laboratory (NREL). Similarly, the International Renewable Energy Agency (IRENA) has reported that costs for on-shore wind power have fallen 45% since 2010. Plummeting renewable generation costs have made utility-scale renewable energy more competitive—and in many cases less expensive than electricity generated from nuclear, coal, and natural gas resources.

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The Benefits of LED Lighting

Bithgroup Technologies

CLICK FOR INFOGRAPHIC: LED lighting has grown in popularity over recent years due to the huge range of benefits they offer.

LED stands for ‘light emitting diodes’. They’re semiconductor devices which efficiently convert electricity into light without the use of filaments or fluorescent tubes.

One of the many benefits of LED light bulbs is that they are incredibly energy efficient, able to convert over 80% of their energy to make light, as opposed to incandescent bulbs which only convert 20% of their energy into light.

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