Case Study

Global Entertainment Company Saves Over $1 Million Annually Through Strategic Energy Procurement

Global Entertainment Company Saves Over $1 Million Annually Through Strategic Energy Procurement

The opportunity

A Fortune 200 entertainment company sought to centralize energy procurement, reduce costs, and establish a coordinated enterprise-wide strategy.

A Fortune 200 global entertainment company with hundreds of locations, ranging from corporate skyscrapers to billboards and production studios, faced challenges managing energy procurement across its extensive portfolio. With purchasing decisions decentralized, the organization lacked a coordinated enterprise-wide strategy to effectively manage energy costs and market exposure.

Seeking greater consistency, cost savings, and budget certainty, the company initiated a competitive RFP process to identify an experienced energy advisor. Tradition Energy was selected to develop a comprehensive procurement strategy that would prioritize immediate cost reductions while establishing a foundation for more sophisticated energy management over time.

Analysis

Tradition developed a phased energy procurement strategy to reduce costs, stabilize pricing, and establish a centralized approach to managing the company’s diverse energy portfolio.

Tradition evaluated the company’s extensive portfolio of facilities and energy requirements to develop a phased procurement plan. Recognizing the complexity of managing hundreds of locations with varying operational needs, the team prioritized opportunities that could deliver the quickest cost reductions while creating a more coordinated purchasing approach.

The initial strategy focused on transitioning applicable energy purchases to fixed-price products, helping the company reduce costs while eliminating associated price volatility. Tradition also coordinated electricity, natural gas, and steam procurement across U.S. locations, establishing a vetted pool of suppliers with contract terms tailored to the client’s specific requirements.

As the relationship evolved, Tradition identified opportunities to implement more sophisticated energy management strategies involving multiple products. The team also supported the company’s sustainability initiatives, including evaluating fuel cell technology at its West Coast studios and managing procurement of the natural gas required to operate those systems.

The Result:
Lower Costs, Centralized Procurement

Over $1 Million in Annual Savings

Tradition’s coordinated procurement strategy delivered more than 10% in energy cost savings, with estimated annual savings exceeding $1 million. By prioritizing cost-reduction opportunities and implementing fixed-price products, the company improved budget certainty while reducing exposure to energy market volatility.

Centralized Energy Procurement Strategy

Tradition helped establish a coordinated U.S. energy procurement approach across the company’s extensive portfolio. The strategy included a vetted supplier network, client-specific contract terms, and more consistent purchasing practices, providing a stronger foundation for ongoing energy management.

Supporting Sustainable Energy Solutions

Tradition assisted in evaluating fuel cell technology at the company’s West Coast studios and managed procurement of the natural gas required to power the systems. This initiative supported the company’s efforts to incorporate alternative energy technologies into its operations and advance sustainability objectives.

Client Testimonials

Our Tradition Energy advisor has been extremely knowledgeable and helpful – helping us not only purchase RECs, but also likely change our natural gas provider.

Sustainability Manager,
Entertainment Company

The Tradition relationship is incredibly important to us and I’m thrilled with where we are going! Your effort here with our Houston hotel group is another fine example of why Tradition is best in class!

Director, Operational Planning,
Hospitality Owner/Operator

Tradition Energy was unique in that they treated our energy procurement request as a process rather than just a one-time transaction. They took the time to educate us on the market conditions, helped formulate a strategy based on multiple procurement options, and then demonstrated the required patience to work the market until a favorable rate was obtained.

Director of Facilities,
Regional Gaming Operator

With facilities nationwide, it is important to be able to trust those with the expertise to advise us and facilitate cost reduction with such a volatile commodity.

Corporate Purchasing Manager,
National Hospitality Operator

Our Tradition Energy advisor has been extremely knowledgeable and helpful – helping us not only purchase RECs, but also likely change our natural gas provider.

Sustainability Manager,
Entertainment Company

The Tradition relationship is incredibly important to us and I’m thrilled with where we are going! Your effort here with our Houston hotel group is another fine example of why Tradition is best in class!

Director, Operational Planning,
Hospitality Owner/Operator

Tradition Energy was unique in that they treated our energy procurement request as a process rather than just a one-time transaction. They took the time to educate us on the market conditions, helped formulate a strategy based on multiple procurement options, and then demonstrated the required patience to work the market until a favorable rate was obtained.

Director of Facilities,
Regional Gaming Operator

With facilities nationwide, it is important to be able to trust those with the expertise to advise us and facilitate cost reduction with such a volatile commodity.

Corporate Purchasing Manager,
National Hospitality Operator

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ABOUT US

The Scale and Experience Behind Every Recommendation

For decades, organizations have trusted Tradition Energy to navigate increasingly complex energy markets. As the nation’s largest independent energy procurement and sustainability solutions advisor, we bring clients resources, market reach, and transaction activity other advisors cannot replicate.

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Urban Air Locations Reduce Annual Energy Costs by Nearly 10%

Global Entertainment Company Saves Over Million Annually Through Strategic Energy Procurement

Hotel’s Portfolio-Wide Energy Strategy Improves Costs and Budget Stability

Global Entertainment Company Saves Over Million Annually Through Strategic Energy Procurement

Pebblebrook Hotel Trust Achieves $3 Million+ in Annual Energy Savings

Global Entertainment Company Saves Over Million Annually Through Strategic Energy Procurement

SNHU Energy Review Identifies Immediate, Zero-Cost Natural Gas Savings

Global Entertainment Company Saves Over Million Annually Through Strategic Energy Procurement

Apple Hospitality Avoids $20,000 Fee and Reduces Natural Gas Costs

Global Entertainment Company Saves Over Million Annually Through Strategic Energy Procurement

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Global Entertainment Company Saves Over Million Annually Through Strategic Energy Procurement