Monitor Energy to Reduce Costs and Achieve Sustainability
|Potential Value Gains – Energy Management|
|Reduce energy costs by up to 10%|
|Reduce energy consumption by up to 30%|
|Save between £150,000 and £1million annually|
High Energy Costs
Energy is fast becoming one of the highest cost elements of production and with the cost of energy rising, the need to reduce energy is becoming increasingly prevalent. It is key to drill down into the factors that impact the energy efficiency of existing assets and machinery the most, in order to reduce and eliminate unnecessary energy costs. Savings start by monitoring and recording power consumption; so having the visibility and tools in place to identify the activities that waste energy and to put a strategy in place to reduce them. Reducing energy costs can significantly reduce product unit cost, improving performance and profitability. Create an energy management team with representatives from different departmental functions (maintenance, engineering, production, finance), to meet regularly to conduct energy assessments/energy audits; to monitor energy usage and evaluate potential energy reduction projects. It’s important to encourage everybody to get involved and to take ownership as part of a continuous improvement strategy.
Applications and systems for monitoring and reporting water, air, gas, electricity and steam use can help make better decisions about energy. They can determine the primary factors that impact the efficiency of existing assets and machinery on a production line, in order to put an energy cost saving programme in place. Manufacturing energy use can be tracked and monitored easily through sensors on production machinery/equipment. Access to real-time data can give a tangible insight into energy consumption trends after certain levels of consumption, non-productive periods, different times of day, production speed, peak/off-peak energy charges, and integrating with asset management for scheduling issues. Leverage improvements in existing resources to reduce overall operating costs.
Manufacturing enterprises are paying a lot of attention to energy efficiency and sustainable operations, as the factory floor is a major consumer of costly energy. Identifying key business processes and real-time energy parameters, energy monitoring systems can greatly reduce downtime, electricity, fuel usage, improve business efficiencies and ultimately save costs. Manufacturers are recognising the financial and environment benefits from having sustainable business processes in place. Minimising the negative impact that energy has on the environment not only reduces overall operational costs but enhances a company’s reputation, improves employee satisfaction, supports a social responsibility future and a Continuous Improvement strategy.
For further information about implementing an energy monitoring system please call us on 01274 599955 or email us here