Industry:
Greenhouse Grower
The Client:
Cronos Group is a global cannabis company that focuses on research, product development, and technology innovation to advance the cannabinoid industry.
How Cronos Saved $8.9M in 3 Years with 360 Energy: An 83% Cost Reduction Case Study
As a rapidly expanding cannabis producer, Cronos Group needed to optimize their greenhouse operations while managing costs effectively. Through a partnership with 360 Energy, they implemented a strategic five-step process that focused on energy procurement and efficiency, resulting in an impressive 83% cost reduction over three years.
The Challenges
Cronos Group faced complex energy management challenges in their greenhouse operations. They needed to optimize energy procurement and usage while maintaining optimal growing conditions, requiring coordination across multiple stakeholders including owners, growers, crop consultants, and utility providers. The scale of their operation demanded a strategic approach to energy management that would support both current operations and future expansion plans.
The 360 Solution
- Program: Joined 360 Energy’s Procurement and Data Management Services
- Approach: Comprehensive review of energy invoices, on-site evaluations, and stakeholder consultations.
- Focus: Optimizing energy procurement in conjunction with reducing energy usage through a five-step management process.
- Team: Collaboration between owners, growers, crop consultants, service providers, and utilities.
The Results
- Immediate Impact: Reduction in costs, consumption and greater access to utilities and suppliers
- Long-term Impact: Savings over the course of the 3 year program: $8,900,000 a total reduction of 83% of costs for the organization on over 64,000,000 kwh.
- Competitive Edge: Greater profitability and the ability to expand the operations.
“We are a data driven organization. With the help of 360 Energy, we have learned about how market, regulatory and energy use patterns integrate to influence our energy costs. We are increasing the data available to us for monitoring our energy use and building in-house skill sets in how to analyze and apply that data to reduce cost and optimize production.”
