Hardware Podcasts

A Renewable Energy Future for Manufacturing w/ Gareth Evans

The Manufacturing Executive · 19 Sept 2023 · 26m · Episode 171

What this episode covers

Gareth Evans, CEO and founder of VECKTA, discusses how manufacturing companies can transition from relying on an aging, unreliable grid to modern, on-site renewable energy systems. He explains that combining solar, battery storage, and efficiency measures significantly reduces downtime risk and operational costs, citing a defense contractor saving $1.2 million annually and a steel manufacturer saving $391,000. Evans highlights the importance of the Inflation Reduction Act's tax incentives, which can slash system payback periods to under a year, while warning against the pitfalls of relying solely on solar without storage or purchasing illegitimate renewable energy credits.

Most relevant to

early-stage companies

Topics

Mentioned

Companies
VECKTA, Gorilla 76, Samsung, Delta, Microsoft, Schneider

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