Power Rental: Understanding Rental An Essential Need For Industries
What is Power Rental?
Rental Power refers to renting portable electric power generators on short or long term basis to fulfill temporary or backup power needs. These rental power generators are capable of providing electricity independently for various purposes such as construction sites, outdoor events, data centers, mining operations, offshore platforms and more. Rental power services enable organizations to get instant access to power without investing money in purchasing their own generators.
Why Do Industries Rely on Rental Power?
Temporary Power Requirements- Many construction projects, mining activities, outdoor events and other short term situations give rise to temporary power needs which cannot be fulfilled through permanent wiring infrastructure. In such scenarios, rental power helps meet electricity demands for the stipulated duration.
Backup Power Solutions- Industries rely greatly on uninterrupted power supply for smooth functioning of operations. However, grid power failures and outages are common problems faced. Investing in eigene rental generators ensures backup electricity is available whenever the mains power fails without disrupting work.
Flexibility in Capacity Levels- Power requirements of industries can fluctuate depending on the nature of projects and scale of operations. Fixed generator installations may not optimize power capacity utilization at all times. Rental solutions offer flexibility to scale up or down electricity output matching present load levels.
Cost Effectiveness- Purchasing generators involves massive upfront capital expenses which shoots up project costs, especially for temporary needs. Renting well-maintained generators on usage basis from reputed vendors proves economically prudent compared to ownership. Maintenance costs are also transferred to service providers.
Types of Rental Power Equipment
Diesel Generator Sets- Diesel gensets remain the most widely rented power equipment due to their high fuel efficiency, reliability and scalability. Sets with outputs ranging from few kVA to several MVA capacities are available on rent based on load specifications.
Natural Gas/LPG Generator Sets- Industries located near gas pipelines can opt for cleaner and more environment friendly gas generator sets. However, their availability may be limited compared to diesel counterparts.
Temporary Power Poles- For large outdoor/events, single phase or three phase power poles with distribution boxes are rented to provide plug points over the venue. Cables, switches and other accessories may also be bundled in rental package.
Hybrid Power Solutions- Combining generators with renewable energy systems like solar is a modern trend. Hybrid rental packages judiciously use stored energy along with grid/diesel backup ensuring optimized fuel usage.
Key Benefits of Adopting Power Rental Services
Cost Savings- As explained earlier, rental avoids huge capital spending on equipment purchase which adds to project budgets. Operational costs like fueling and maintenance are included in rental charges.
Reliability- Rented fleets comprise top-brand reliable generators maintained by OEM/dealer engineering teams to ensure consistent performance as per load/duty cycles.
Flexibility- Power demands vary and short term needs cannot be predicted accurately in advance. Rental provides flexibility to modify capacity and duration as works/events progress.
Speed of Deployment- Rental vendors have large inventory pre-stationed at strategic depots. Equipment can be mobilized to sites within shortest notice fulfilling emergency and temporary power needs on priority.
Environmental Compliance- Reputed rental companies deploy fuel efficient new technology gensets meeting prevailing emission norms. This helps industries pursue their projects in eco-friendly manner.
Considering the above factors, industries have widely acknowledged advantages of outsourcing power requirements to specialized rental service providers rather than owning fleets. This ensures uninterrupted electricity supply focusing only on core operations.
Key Things to Consider While Finalizing Rental Power Contracts
Industries must carefully evaluate certain parameters of rental companies to get best value for their power needs:
Fleet Size and Ownership- Bigger inventory with OEM owned fleets inspire more confidence in after sales support.
Equipment Standards- Check if generators meet prevailing CPCB/EPA norms on emissions and fuelefficiency. Opt for ISO certified quality.
Service Network Strength
– Wide service footprint across locations will ensure faster response during breakdowns.
Health, Safety & Environment Policy
– Rental yards must comply with applicable safety standards while refueling and maintaining fleets.
Past Project Experience- Experienced vendors better understand power requirements of specific industries ensuring right sizing.
Rental Rates and Billing Terms- Negotiate competitive rates with bundled maintenance, fueling and other services on fixed rental basis.
Contract terms – Clearly define scope, billing cycles, penalty clauses, termination notice period to avoid disputes.
Online Equipment Monitoring- Choosing suppliers providing remote equipment monitoring ensures uptime assurance.
Conclusion
Power rental has emerged as a preferred option for various industries to address their temporary as well as backup electricity needs in a cost effective manner without substantial capital investment. It provides flexibility to match power capacity with load requirement and ensures reliability through maintenance of equipment by OEM teams. With growing infrastructure development activities and emphasis on backup power solutions, industrial rental power services market is further expected to witness robust growth. Adopting right rental strategies plays a vital role in pursuing industrial projects and operations seamlessly.
“*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it”