Do you want to achieve energy insight?
Improving energy performance requires understanding of energy use related to production. Understanding energy, production and utility tariff data is essential especially if you want to achieve energy insight. Predictive analytics synthesizes these three distinct but inter-related pieces of information:
- How much energy and power a business uses, and when and where it’s used.
- What a business makes, moves or stores; where it performs this work, when it performs this work, and how this work changes and scales.
- What a business pays, and how it procures, energy and power.
- The simplistic approach to energy cost reduction focuses on basic energy efficiency and limited demand reduction techniques and projects. This is a good place to start, however energy environments working off complicated tariff rate structures require a sophisticated approach.
- Many energy cost reduction efforts fail not because the projects are performed badly, but because they neglect to consider 2 crucial factors:
- Energy use and generation must support the business and scale as business conditions change; and,
- Energy cost reduction is not necessarily directly related to energy usage reduction.
The second point is not always obvious, and often requires explanation. But, depending upon the tariff, reducing load may not save money. While simply shifting load to the wrong time can be expensive. Often, business conditions don’t offer a lot of flexibility, and energy analytics can help chart a path.
Learn more about energy analytics
If the cost of energy is important to your business, then energy analytics helps you prioritize where and how to improve.
Optimize your energy savings program
The goal is to optimize the energy program to solve for the best solution. The application of energy analytics starts with defining the key performance indicators (for example, kWh per unit produced, or cost to store 1000 SKUs for 1 day, etc) that drive energy costs. The next step is to track energy costs in real-time and create what Helio Energy Solutions calls the “Energy Cube.” The Energy Cube is a three-dimensional map of the following information:
- Energy and Power by date, time and location
- Production or distribution volume by date, time and location
Data acquisition and management of energy usage, production information and tariff rate parameters are combined for analysis by the PredictEnergy® software analytics engine.
The resultant Energy Cube shows a vivid profile of the principal drivers to the total cost of energy, and sets up an evaluation of hypothetical energy reduction scenarios that are iterated for best results. Typical energy reduction scenarios might include process modifications, on-site generation, tariff rate changes, large-load management, recommissioning and others. The energy analytics breakthrough is in determining the “difference that makes a difference.” In other words, energy analytics help determine which scenario to work on first based upon the biggest impact.
More Energy Analytics Topics
Energy Analytics Example
Helio Energy Solutions has performed numerous energy analytics engagements and deployments of PredictEnergy® at Manufacturing Plants, Logistics Centers, and Water-Wastewater Facilities with quantified savings that reduced total operational energy costs by more than 20%. Energy analytics software like PredictEnergy® can not only forecast energy project savings and verify the results but also identify additional savings in facility operations, tariff rates and technology opportunities. The application of advanced analytics for energy cost reduction enables Water-Wastewater facilities to reduce energy costs well beyond the savings typically gained using standard energy efficiency and load reduction techniques.