2021: The Evolution of Energy Management

Energy Management is now of key strategic importance among manufacturers of all sizes, not solely the larger global players. To illustrate this evolving landscape, this article highlights the three main ways in which Energy Management will further evolve in 2021.

1. Real-time, machine-level insights

In the past, organisations have relied on historical data to monitor their energy consumption, which is often archived on a weekly or monthly basis. While this has often given them a good idea of their overall consumption across the organisation, it provides no insights of energy usage on a granular level (making it hard to identify spikes and anomalies) or daily usage per production unit (making it difficult to isolate the highest consuming machines).

By using real-time energy insights, plant managers can implement best practices to reduce their equipment’s energy consumption.

The most energy efficient operations schedule can then be implemented based on the abnormal trends and spikes observed with the real-time data. Recognising that energy management will be more data and insights led, organisations must be equipped with the tools they need to monitor in real-time. This will ensure they can make the maximum impact when it comes to their energy saving initiatives.

2. Manual to digital

As more robust technologies are becoming available in the market, 2021 will see the significant increase of the digitalisation of Energy Management Systems (EMS). A clear industry trend is the adoption of software applications to collect and display data instead of relying on manual meter readings and excel sheets to record and present consumption figures.

Software solutions increase the visibility of your energy data to multiple stakeholders. This allows an external party to consult and assist with energy savings through the software itself, and create automated alerts of any incidents or abnormalities that may occur in that moment.

The digitalisation of energy management replaces the manual way of monitoring and leads to predictable operations and control.

Energy management energy monitoring

3. Optimisation of internal energy supply

Many organizations who are still not convinced with the value of energy management often seek an energy supplier who is willing to offer a more competitive price for their electricity.

Whilst this indicates that organisations are on the right path, the price they are negotiating with their supplier represents only half of the total amount they are required to pay. It fails to account for transport costs, distribution fees and government taxation – these constitute a sizable bulk of the total energy cost.

This common issue has been acknowledged by many companies, meaning that 2021 will be a year where organisations are concentrating their efforts on optimising the use of their own energy supply as opposed to negotiating with energy suppliers for better rates.

2021 is fast approaching: How can improved monitoring help you avoid energy waste?

To find out how, request a 10 minute call from one of our specialists.

Written by

Siddharth Malhotra

Business Development