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. [...]
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 [...]
In this post we shall conclude describing how 3M has achieved outstanding energy cost reduction results. These publication has resulted from interview with Andrew Hejnar, Energy Manager of 3M Canada. This post completes the story started in previous publications: Part 1: How does 3M take big energy decisions Part 2: Energy standards increase savings Part [...]
In this post we shall continue describing how 3M has achieved outstanding energy cost reduction results. These publication has resulted from interview with Andrew Hejnar, Energy Manager of 3M Canada. This post follows previous publications: Part 1: How does 3M take big energy decisions Part 2: Energy standards increase savings Part 3: 3 pillars of [...]
In this post we shall continue describing how 3M has achieved outstanding energy cost reduction results. These publication has resulted from interview with Andrew Hejnar, Energy Manager of 3M Canada. This post continues the story started in previous publications: Part 1: How does 3M take big energy decisions Part 2: Energy standards increase savings Part [...]
3M is recognised as a world leader in energy efficiency, hands down. Since 2008, the company has reduced energy use by 32%. This result by far exceeds the 20% reduction goal, aspired by many companies. How does 3M work with energy? What can other companies learn from their experience? I brought these questions to [...]
A resort 'has achieved energy savings ... without impacting guest experience'. What an unfair and misleading statement! So the resort saved $20K on energy per year, which is peanuts compared to what they have actually gained. Value to guests Of cause all these changes have impacted guest experience: Thermostats increased comfort in [...]
Last week I had a pleasure of attending an intense Summer Conference set up by Association of Energy Services Professionals - AESP . One and a half days of presentations and panels were kicked off by a thought-provoking speech delivered by Patrick Schwerdtfeger about exponential nature of changes in our life, particularly massive automation [...]
Flip a switch or a flip bird? Numerous studies show that simple changes in employee behaviour may save up to 10% in energy costs with no capital costs. The common issue is that it’s difficult to initiate behavioural changes and it’s definitely very difficult to sustain them. Here comes the most puzzling part: some companies [...]
When my Dad was diagnosed with lung cancer he quit smoking at once. He meant to do this for years, but just "could not". When he could not breath anymore, all other "could-nots" became irrelevant. As a planet we are now still smoking through billions of stacks and exhaust pipes. We "can't afford" [...]
