Partnership examines potential ways to reduce energy costs
Australian businesses may be interested to know about a new partnership announced Wednesday (September 26) between Jones Lang LaSalle and Royal Philips Electronics which aims to find strategies to reduce electricity prices.
The two global companies have joined forces to discover energy efficient lighting solutions for Jones Lang LaSalle clients.
This deal has the potential to offer energy savings of up to USD 100 million annually for Jones Lang LaSalle clients in Asia Pacific.
It will also offer solutions to assist the clients to manage their power consumption more appropriately.
Developments like this Jones Lang LaSalle and Royal Philips Electronics alliance could be just the incentive other organisations need to undertake similar partnerships to reduce their energy costs.
It may be a good opportunity to take note of how your own lighting expenses impact your electricity prices and how more energy efficient lighting could reduce your costs.
Philips ASEAN and Pacific chief executive Harjit Gill said: "Our partnership with Jones Lang LaSalle and our extensive portfolio in lighting solutions will allow us to help drive the adoption of energy-efficient and sustainable lighting solutions on a large scale in the commercial real estate space."
Lighting costs can account for 40 per cent of a businesses' energy consumption.