In 2017, natural disasters cost the US economy $307 billion and set a new annual record for economic destruction. Decreased productivity, shuttered businesses and property damage all contributed to this astronomically large figure.
On a macro level, this costs the country dearly. But there are ways of mitigating it. Many businesses that weren’t directly affected by the disaster itself, were forced to close their doors due to power outages. If all of these businesses had a backup power plan, the costs could have been severely mitigated.
The same things taking place on a national scale, take place on a micro scale for individual businesses. When natural disasters occur, those without a backup power plan are forced to close, costing the business thousands of dollars in lost revenue.
This is why many businesses are turning to standby generators to protect their bottom line. Generator paralleling and load sharing options offer even more energy security. Instead of one generator, load sharing options use several generators to power your business, meaning if one fails, you still have power.
This saves businesses money in three ways. So, whether you are vulnerable to hurricanes in the South East, hurricanes in the Midwest, winter storms in the North, wildfires in California, or just live in a remote location with a patchy electrical supply, coming up with a back up power plan should be a priority for your business to protect your bottom line.
Power outages or uncertain weather conditions no longer mean decreased productivity and worker inactivity. Even during a power outage, your business can continue to serve the local community, providing you with an uninterrupted revenue stream and a reliable bottom line.
Many businesses have products and supplies that rely on round-the-clock temperature control systems. If your products require refrigeration or warmth, a power outage could cause a business to lose thousands or hundreds of thousands of dollars in spoiled stock and products.
Medical facilities, restaurants, freight companies, supermarkets, and abattoirs are all among the industries that are turning to generator paralleling and load sharing to protect their energy supplies and their products.
Many security solutions require a constant power supply to remain effective. Particularly during a natural disaster, when looters and opportunists may be on the prowl, commercial properties and businesses need their security systems to be fully operational to protect their assets. A backup power solution will ensure your business is not left vulnerable to theft or looting at any time.
More Cost Effective
Load sharing is more cost-effective than single generator systems. Fuel usage is the same or better than single generator systems, but load sharing and parallel generator systems offer an increased level of reliability for the same cost.
A backup power plan is something you hope you never have to use. But it never hurts to be prepared for the worst-case scenario, expect the unexpected, and have a safety net to keep your business safe and protect your bottom line when disaster strikes and power shortages occur.