By Mo Rousso
Chief Technology Officer, HelioPower
Software to monitor and analyze energy use has, historically, been limited to power production and consumption monitoring. The ability to leverage analytics and to do energy optimization has been lacking.
However, PredictEnergySM changes all of that. It is a tool that many of our clients are finding valuable in providing:
- Decision analytics
- Business intelligence
- Business process improvements
- Energy usage behavior improvements
- Strategic planning
- Resource allocation decisions
- Scheduling of processes and distributed generation sources
When considering a business, it is best to start with an inventory of energy sources and uses. This is a key concept in determining what to measure and what to optimize. Some potential sources and uses are listed below:
|Combined heat & power||Biological processes|
Once you have determined what it is you need to measure, the next step is in developing analytics within the context of your business operations and tariff regime.
Analytics will provide a tool for energy planning, benchmarking, baselining, and best practices. It will also provide energy information to support thoughtful business decisions on batch and per unit energy costs. Finally, analytics enables the creation of energy specific key performance indicators.
The ultimate benefit from PredictEnergySM is in optimizing your portfolio of energy sources and uses to deliver the lowest total energy cost. Additional benefits include long-term economic planning of energy sources and uses, short-term production and delivery planning within the context of energy cost, and the optimization of capital deployment for energy sources and uses.
The results from implementing PredictEnergySM are very attractive. In summary, results have shown using PredictEnergySM delivers:
- IRRs in excess of 100% as a result of measuring and modifying business processes
- Paybacks of less than 1 year as a result of identifying utility incentive opportunities
- IRRs in excess of 40% when used as a strategic planning and optimization tool
Energy, for most businesses, is one of their largest expenses, usually second to only labor. Prudent monitoring, analysis, and optimization of that energy can offer your organization significant economic savings.
You can reach Mo directly at [email protected]