Introduction to PBA VEU Projects: What They Are and Why They Matter

Solar PV Energy Efficiency Projects - Northmore Gordon

In today’s business landscape, energy efficiency is not just a trend; it’s a necessity. Companies across various sectors continually seek ways to reduce their energy consumption and lower their carbon footprint. One effective approach to gaining traction is through Project-Based Assessments (PBA) under the Victorian Energy Upgrades (VEU) program. But what exactly are PBA VEU projects, and why should your business consider them? Let’s delve into the essentials. 

What are PBA VEU Projects? 

The Victorian Energy Upgrades (VEU) program, formerly known as the Energy Saver Incentive, is a state government initiative aimed at helping businesses and households reduce their energy usage and greenhouse gas emissions. Within this framework, Project-Based Assessments (PBA) offer a flexible and comprehensive method for achieving significant energy savings

PBA VEU projects are custom energy-saving initiatives tailored to the specific needs of a business. Unlike standard energy efficiency upgrades that involve simple replacements or retrofits, PBAs take a holistic approach. They assess the entire facility or process to identify multiple opportunities for energy savings, often combining several measures to maximize efficiency and cost-effectiveness. 

How Do PBA VEU Projects Work? 

  1. Initial Assessment: The process begins with a thorough assessment of your business operations. Energy experts analyze current energy usage patterns, equipment, and processes to identify potential areas for improvement. 
  1. Project Proposal: Based on the assessment, a detailed project proposal is developed. This proposal outlines the recommended energy-saving measures, expected savings, implementation costs, and potential rebates available through the VEU program. 
  1. Implementation: Once the proposal is approved, the implementation phase begins. This can involve a variety of actions, from upgrading lighting and HVAC systems to optimizing manufacturing processes or installing renewable energy sources. 
  1. Verification and Reporting: After implementation, the project’s effectiveness is verified through monitoring and reporting. This step ensures that the projected energy savings are achieved and sustained over time. 

Why Should Your Business Consider PBA VEU Projects? 

  1. Substantial Energy Savings: PBA VEU projects can lead to significant reductions in energy consumption, resulting in lower utility bills and operational costs. 
  1. Tailored Solutions: Unlike one-size-fits-all upgrades, PBAs are customized to address the unique energy needs of your business, ensuring maximum impact. 
  1. Financial Incentives: The VEU program offers financial incentives to help offset the initial costs of implementing energy-saving measures, making these projects more affordable. 
  1. Environmental Impact: Reducing energy consumption not only saves money but also contributes to lowering your business’s carbon footprint, supporting broader sustainability goals. 
  1. Enhanced Operational Efficiency: Beyond energy savings, PBAs often lead to improvements in overall operational efficiency, enhancing productivity and competitiveness. 

Examples of PBA Projects 

Solar PV Installation at The Australian Glass Group The Australian Glass Group (AGG) implemented a 581kW solar PV system on the roof of their head office and manufacturing site in Knoxfield. This project, facilitated by an agreement with the building owners, APN Property Group, allowed AGG to reduce energy costs significantly while contributing to a greener property portfolio. By participating in the VEU program, AGG measured and verified annual carbon savings of 421 tonnes of CO2. The PBA approach enabled AGG to use Green Power from their solar PV system and realize a return on investment over three times higher than if they had claimed Large-scale Generation Certificates (LGCs). The quicker turnaround on financial returns and the reduced upfront costs made the project particularly attractive. 

Energy Management System for a Water Corporation – A water corporation aiming for 100% renewable energy by 2025 and net zero emissions by 2030 engaged Northmore Gordon to develop an organization-wide Energy Management System. The project included a detailed review of current energy management practices, an assessment of top energy-consuming sites, and an identification of over 65 improvement opportunities. The implementation of these measures, supported by the VEU PBA method, significantly reduced project payback times and helped the corporation align with its ambitious energy and environmental targets. 

Biomass Boiler Upgrade at an Industrial Site – Northmore Gordon facilitated a project that replaced natural gas-fired boilers with a biomass boiler system fueled by locally sourced sawdust. This upgrade included the installation of a 3 MW thermal biomass boiler and associated infrastructure. The project complied with the Victorian Energy Upgrade Program, maximizing financial incentives through the creation and trading of VEECs. This comprehensive service, from M&V planning to energy savings calculation, ensured the project delivered substantial energy and cost savings. 

HVAC System Overhaul at Aurora Place – Aurora Place undertook a major energy efficiency project to upgrade its HVAC system. The project involved replacing chillers, upgrading cooling towers, and installing variable speed drives and other control system enhancements. Northmore Gordon’s M&V work allowed for the creation of energy savings certificates (ESCs) under the NSW Energy Savings Scheme (ESS). These certificates generated significant revenue, which was reinvested into further building improvements. Despite challenges such as aging equipment and the impact of COVID-19, the project achieved annual energy savings of 309,000 kWh and provided substantial financial returns. 

These examples demonstrate the diverse applications and substantial benefits of PBA VEU projects across various industries, highlighting Northmore Gordon’s expertise in delivering tailored energy efficiency solutions. 

Project-based assessments under the Victorian Energy Upgrades program represent a strategic approach to energy efficiency, offering businesses a pathway to substantial savings and sustainability. By conducting a thorough assessment and implementing customized measures, PBAs ensure that your energy-saving efforts are both effective and enduring. 

If you’re looking to enhance your business’s energy efficiency, consider exploring the potential of PBA VEU projects. Not only will you benefit from reduced energy costs, but you’ll also be contributing to a greener future. For more information on how Northmore Gordon can assist you with PBA VEU projects contact us directly. 

You may also like:

Latest Updates