There are many places that have been building district cooling plants (DCPs) as an alternative to air conditioning units. District cooling allows building operators to provide a comfortable temperature to their buildings. Nonetheless, district cooling has some drawbacks, mainly high capital expenditures, maintenance budgets, and operating costs.
That brings us to the question, is there another way to cool a building than district cooling? Yes, there is.
Cooling as a Service is the way to go
Recent years have seen the rise of Cooling as a Service (CaaS) as an alternative to district cooling. Providers of CaaS use chilled water systems to cool their client’s buildings. Compared to traditional cooling methods for large buildings, these systems are energy-efficient and consume less energy.
What is the economic impact of CaaS on building owners?
Using the pay-per-use system, clients purchase cooling according to their usage. CaaS providers build, operate, and manage the chilled water system, so their clients are not responsible for those expenses. Only the cooling that the client uses is charged to the client. A CaaS solution is flexible and more economical than a district cooling system.
There are several types of buildings that can benefit from Cooling as a Service
A building cooling system comes in a wide variety of options. Chiller water systems with CaaS could be a great choice if you manage a large facility that needs cooling. All kinds of buildings have successfully used CaaS, including office buildings, shopping malls, hotels, hospitals and educational institutions.
Compared to district cooling, Cooling as a Service offers the following advantages
It has reduced initial costs, lower maintenance fees, and predictable operational expenditures when compared to district cooling or centralised cooling system.
CaaS does not incur high up-front costs like district cooling agreements. A monthly fee is billed based on usage, and chilled water system ownership is assumed by CaaS providers. That makes CaaS appealing to building operators that do not have the capital to get into district cooling plant agreements.
Another benefit of CaaS includes a reduction in maintenance costs over time. The reason for this is that CaaS providers cover repairs and maintenance of the system as part of their service fees. By opting for CaaS, you can avoid expensive repairs associated with district cooling plants – helping you save money in the long run!
In addition, customers can calculate and supervise their operational expenditures with the CaaS business model. Consumers can plan their cooling costs regularly because CaaS providers use data to offer efficient cooling. Comparing this to the traditional centralised cooling model, which often has an unpredictable and expensive monthly billing cycle, this could be a huge advantage.
In general, CaaS is a more efficient method of cooling large buildings than conventional methods. For building owners who do not wish to invest in a cooling system, CaaS may be a more cost-effective choice. Customers can also save money with CaaS by reducing maintenance costs and anticipating operational costs. A CaaS system may be a viable option if you are looking to increase the efficiency of your building’s cooling.