What is the circular economy?
Like most of our global economy, the energy sector is built on the traditional take-make-use-dispose business model. And while this has met society’s energy needs, it’s also created significant waste and landfill.
The circular economy aims to keep assets in use for as long as possible by recovering and regenerating materials at the end of a product’s life cycle. Put simply, it’s about implementing the ideas of reduce, reuse, recycle—and in that order.
Circular business models focus on minimising waste and emissions without compromising on outputs and profits.
Our philosophy is simple: waste not.
Benefits of reuse, repurposing and recycling for the energy sector include:
- reductions in waste, carbon emissions and environmental footprint,
- increased security of supply for equipment and assets,
- cost savings on equipment and infrastructure,
- reduced loss of value in specialist equipment and assets,
- increased innovation and competitiveness,
- improved operational flexibility.
Sustainability and profits are interlinked
From an environmental and economic perspective, there is compelling value in putting specialist equipment and infrastructure into perpetual use cycles rather than wasting it in landfill. However, more sustainable practices used to come at a cost.
To keep these costs down, at Evolve Surplus, we design circular business models and solutions for equipment and infrastructure that integrate sustainability and commercial outcomes.
Realising circular economy projects requires a different way of working, a different way of collaborating and an entirely new business model.
Adopting a new way of doing things can be daunting. That’s where we come in – we can provide options for your organisation, identify value, reduce risk and complexity, provide guidance avoid common pitfalls and discover new ways to reduce waste and generate more value from your operations.