Around 135 companies have signed an energy reduction pledge which makes business sense in terms of reducing operational costs.
"When we launched our new manufacturing facility in Atlantis last year, we ensured that energy efficiency was at the hub of the products being manufactured at the facility by entering into the field of green eventing," said Ebrahim Khan, deputy general manager at Hisense South Africa.
New technology products are expected to consume less energy while maintaining performance levels and a number of companies have launched energy saving technologies to reduce their reliance on grid electricity.
In 2013, Woolworths installed a set of solar panels the roof of its headquarters in Cape Town and said that energy efficient projects have been a priority.
Savings
The installation, which is expected to produce 48 000kWh per year, is part of the company's campaign to reduce its energy footprint.
"We've got the stage now where we've saved about 27% on relative energy use from the benchmark we set in 2004 just through the efforts of our teams over that time," Justin Smith, Woolworths sustainability manager told News24.
Vodacom spent R10m on a solar installation on its Cape Town head office. The system is expected to pay for itself in under six years.
"A couple of years ago, you were looking at a return of investment of about 17 years for a simple payback model; it has come down to where you can reach payback anywhere between eight and 12 years, but with this particular project here, and also because we've entered into an agreement with Eskom, our payback is around 5.5 years," said Chris de Jongh, manager of Repairs and Maintenance for Facilities South at Vodacom.
According to the government gazette on electricity pricing policy of 2008, domestic users in SA account for around 17% of consumption, while industry takes up 37.7% and mining 15%.
Hisense has 14% of the South African appliance market share after entering the country in 1996.
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