Determine Technology Cost & Payback

Determine Technology Cost

This service determines Cost and Payback of candidate technologies.  The Energy Cube created a knowledge foundation on which all Energy analytics are now based, and represents the facility’s energy performance profile and candidate technologies for energy reduction.

Learn More About Energy Analytics

If the cost of energy is important to your business, then energy analytics helps you to prioritize where and how to improve.

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Energy Technology Payback

The candidate technologies such as; load shifting, peak sharing, storage, lighting changes, process changes, vari-speed motors, recommissioning are associated with specific energy solution cases where we now evaluate each for cost and payback. There are four solution cases by which all technologies are categorized within:

  • Load Management,
  • Distributed Generation,
  • Tariff Schedule, and
  • Conservation or Energy Efficiency.

The facility’s energy performance profile provided technologies as candidate solutions to meet that particular facilities energy reduction needs. These candidate technologies provide the initial input for evaluation of cost associated and defined with a Facility Improvement Measure (FIM) implementation, and it’s associated payback.

Analyzing multiple technologies within solution cases involves a much higher degree of complexity than simple technology comparisons.  New variables must be evaluated and include; LCOE- Levelized Cost of Energy, tariff rules, incentive programs, geographies, physical structure, operations hours, process control flexibility, equipment legacy, future growth, etc.

The results are ranked and provided as a list of technologies by solution case with its implementation cost and payback for use in determining the best program solution to meet the economic constraints of the client.

How Can PredictEnergy™ Help You

PredictEnergy™ makes it easy to analyze your energy cost.  Selecting the "Convert to Cost" button takes your energy and demand and displays them in terms of cost (dollar-denominated) as a function of your tariff rate schedule.