Why is energy management so important now?
Energy management is becoming an increasingly important part of modern business strategy, with organizations around the world looking closely at their energy profiles and trying to identify opportunities for increased resilience, decarbonization, proactive energy risk management, and cost reduction.
In many instances, this requires a reworking of internal systems and on-site technologies, as well as the implementation of a smart management system to help identify areas of excess energy-intensive consumption and capitalize on improvement opportunities.
With a robust system in place, organizations can leverage contextual data to optimize energy usage, enable efficiencies – such as auto-idling of assets that aren’t being utilized –and reduce overhead costs and the utility bill. In addition, smart management systems could hold the key to unlocking the potential of greater grid interactivity for industrial companies, ultimately helping to break down many current renewable energy management barriers and pressures.