Business value

31 10, 2023

Revolutionizing Energy Management of Big Portfolios: kWIQly’s AI Saves Time, Energy, and Money

By |2023-10-31T11:29:42-04:00October 31st, 2023|Categories: Business value, Energy management|Tags: , , , , |0 Comments

In the world of property management overseeing energy in big portfolios of small but numerous sites is a daunting challenge. No manager can afford to watch energy consumption every day at every site while energy costs are up, and maintenance resources are limited. Enter kWIQly, a cutting-edge AI platform that is here to revolutionize [...]

26 09, 2022

Why many energy submetering projects fail … and how to ensure that yours succeeds

By |2023-10-21T15:35:24-04:00September 26th, 2022|Categories: Business value, Energy management|0 Comments

'Energy submetering project' is doomed to fail unless it is a 'data-based operations management enablement project'.  With energy submeters getting cheaper, setting up a submetering project is a no-brainer and not a big deal, right? -  Sure, if your sole goal is to spend money on new meters. It's a different story if your goal is [...]

29 03, 2022

Utility waste at manufacturing plant is a choice, money is not the issue

By |2022-03-29T11:31:32-04:00March 29th, 2022|Categories: Business value, Energy management|Tags: , , , , , |0 Comments

I often hear that "Energy audit costs money, but saves no energy". This is true and not true at the same time. Here is why: Any experienced plant manager knows that their plant wastes utilities. No shame in this. Every plant wastes energy. Few plant managers know where exactly this waste occurs and even [...]

27 04, 2021

10 questions to answer before buying energy meters

By |2021-04-27T14:44:50-04:00April 27th, 2021|Categories: Business value, Energy Efficiency Tips, Energy management|0 Comments

An industrial client asked me what meters to buy. My honest professional advice: do not buy any, because whatever meters you buy you will be disappointed later. Here is why. I am a strong proponent of measuring energy use. No sensible energy project can be implemented without measuring. Simplifying William Thomson – “to measure [...]

21 12, 2020

How to prevent plant stoppage through energy management

By |2020-12-18T14:53:11-04:00December 21st, 2020|Categories: Business value, Energy management, Production level, Profitability|Tags: , , |0 Comments

A mere 1 month after an Energy Management Information System (EMIS) project was postponed ‘due to other priorities’ our client’s plant has stopped for 3 days. About $500,000 lost in pre-holidays food product sales. Not to count costs of avoidable urgent repairs and value of lost trust from clients. Why did plant stop? Boiler [...]

22 06, 2020

Energy submetering by itself is useless and how to make it work

By |2020-06-09T09:42:43-04:00June 22nd, 2020|Categories: Business value, Energy management|Tags: , , |0 Comments

Automatic data collection, purposeful analysis and alert on deviations to appropriate people is a key to sustained energy cost savings.

17 05, 2019

Energy management stands behind better stock performance

By |2020-06-03T10:33:15-04:00May 17th, 2019|Categories: Business value, Energy management, Energy management education, Interesting Reads, Profitability|Tags: |0 Comments

Companies with strong energy management demonstrate higher performance at the stock market. Do not take my word for it, here is a snapshot of stock performance of a well-known leader in energy management 3M USA (US:MMM, black) compared to Dow Jones US Chemicals Index (XX:DJUSCH, blue) over last 5 years as presented at Market Watch. [...]

15 03, 2019

M&V value – $500,000 grant through proven energy cost reduction

By |2020-06-03T10:33:18-04:00March 15th, 2019|Categories: Business value, Energy management, Past Projects, Smart Green grant|Tags: , |0 Comments

How to produce more, use less energy and be rewarded for upgrades? It can be done. Our client, an injection moulding plant working for automotive sector, wanted to upgrade to bigger, more powerful machines. These machines use more energy. However, they produce so much more product, that energy use per pound is effectively lower. Much [...]

21 11, 2018

Are you aiming at the right energy targets?

By |2020-06-03T10:33:18-04:00November 21st, 2018|Categories: Business value, Energy management, Energy management education|Tags: , |0 Comments

A friendly maintenance manager told me recently: “We will first do all we can with our big energy users and then proceed to an energy audit”. 'Big ticket items first' approach to energy management may hurt business and can hurt maintenance manager personally. This hurt can be avoided. If started right,  big and impactful energy [...]

17 09, 2018

Simple payback can cost you profits and what is the better way ratio

By |2020-06-03T10:33:18-04:00September 17th, 2018|Categories: Business value, Energy management, Interesting Reads, Profitability|Tags: , , |0 Comments

Simple payback period is routinely used as an ultimate ratio when it comes to selecting between energy projects. This practice may cost your company money in missed opportunities. Simple payback period (SPP) is the simplest way to assess profitability of an investment project. Simply divide first year cost by first year savings and you get [...]

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