UK manufacturing operations could save £1.4 billion a year on their energy spend and save 10 million tonnes of CO2 emissions annually according to a new paper released by energy consumption specialist Vita Energia.
Vita claimed the savings would enabled by the replacement or refurbishment of legacy lighting systems by more energy efficient alternatives, which can be funded by financing options from the Carbon Trust and Siemens Financial Services.
Many old lighting systems, it says, have not been upgraded since the 1950s.
Having conducted a four year study of industrial lighting at over 500 companies employing over 100 people in the UK's manufacturing and warehousing sector, Vita says its results showed that industrial lighting energy usage can be cut by an average of 58.6 per cent.
Director Duncan Stevens said: "There is continual concern that the UK's manufacturing industry is unfairly disadvantaged by low-cost labour overseas. Yet it wastes £1.4 billion a year because companies haven't kept a fundamental service like lighting up-to-date. This is a proven saving for our pressurised manufacturing industry, with an average return on investment time of under 15 months."