by Jacob Robinson, Program Coordinator, EDF Climate Corps
Here’s a provocative thought: energy managers are worth more than their weight in gold.
We often use that expression in a figurative sense—in this case, to emphasize the value of a dedicated energy manager, whose sole mission is to find financial and environmental efficiencies in a strategic way throughout an organization’s operations and mission. But could it be literally true?
Doing the math
With the average global body mass of a person being 62 kilograms and the current price of a 1 kilogram gold bar hovering around $39,000, an individual’s weight in gold is roughly $2.4 million dollars.
As part of EDF Climate Corps, graduate-level fellows spend 10 to 12 weeks uncovering opportunities for smart energy management, identifying an average of $1 million dollars in savings per fellow. Considering what a year-round employee could do, the annual value to an organization might top $4 million.
Making the case for management
If you’re putting together a budget request for an energy manager (or integrating energy responsibilities into existing positions) and drawing up a job description, this calculation is just a starting point. The business value of energy managers and integrating energy management into existing positions can be fruitful year over year, regardless of an organization’s maturity level at which they are addressing energy management.
Further, new technologies, funding mechanisms and incentives are constantly entering the market, requiring a dedicated set of eyes to analyze the most strategic opportunities.