Energy management system to reduce costs and environmental impact

In today’s business environment, investing in energy management is at the center of planned business decisions, particularly for energy-intensive businesses where competitive profit is often influenced by energy costs. Beyond industry-wide initiatives, energy efficiency is also crucial to address rising emission levels, which is a corollary of industrial growth. The selection of the energy efficiency strategies that work best for a company is very specific to a company or production unit. Many industrial plants have introduced advanced energy efficiency technologies.

Taken as a whole, the way to improve energy efficiency is to detect and examine potential areas with measured data and evaluate to assess energy cost savings and investment requirement. The cost of energy can be reduced through a model in which the company sets a target per unit cost of energy and works to achieve it by reducing controllable costs. The energy management strategy is basically made up of two simple building blocks: obtaining cheaper energy and, once obtained, avoiding its loss. Energy management represents a structured attempt by companies to address the issue of loss prevention by promoting energy efficiency. Basically, the power management system comprises three distinct layers:

• Use of a data acquisition system that collects mechanical and electrical data that drives energy efficiency;
• Analysis of these data from a benchmarking, asset management and environmental impact perspective;
• Preparing an actionable report that would provide end users,

has. Operational problems, their fixes, cost of implementation, operational benefits and estimated savings;

b. Cost-benefit analysis of the implementation of the necessary capital improvement project;

against Measurement and verification report to quantify the benefits of implementing operational solutions and capital improvements;

Early adoption of such a system has been shown to produce results suggesting that the payback period for such initiatives is weeks and months. In general, these energy management systems provide companies with the opportunity to continuously improve energy productivity and therefore reduce environmental impact.

There are energy service companies that offer energy efficient solutions based on individual cost benefit analysis and guaranteed savings. Broadly speaking, the service models provided by these companies are payment consulting, bonus or penalty consulting, or guaranteed savings with the project financed by the host. The demand for energy is multiplying and energy sources are increasingly scarce and expensive. Among the different strategies to be developed for energy management, the efficient use of energy and its conservation appears as the best option considering that it is environmentally benign and profitable.