4 things about how data can drive energy efficiency
Companies around the world are increasingly looking for ways to improve their energy efficiency to help them meet their sustainability targets. Now that energy prices are also rising rapidly, there is an even greater need for companies to control and reduce their energy consumption and costs.
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1. Energy efficiency is an essential business driver
By combining advanced analytics and expertise, data can be brought together to give companies the knowledge and visibility they need to make better decisions about the energy efficiency of their motor systems. This can include data about motors, drives, entire powertrains and other connected equipment, as well as the equipment age and condition, its power consumption and performance, and the demands of the application, including load characteristics.
Once enough relevant data has been gathered, then it can be analyzed and assessed, and used to develop the best long-term strategy for modernization, maintenance, energy savings and reductions in CO2 emissions. Continuous monitoring can also be used to follow the performance of motor systems and to identify areas with the potential for improvements in energy efficiency.
2. Fast data access and expertise help better decision making
Together with the University of St. Gallen, ABB has conducted study to find out more about industry attitudes to sustainability and energy efficiency, and the willingness to adopt new types of energy efficiency services. The results show that the majority of people surveyed think that sustainability will become the most important business driver in the future and that energy efficiency is a topic of growing importance. In addition, another study by ABB found that 96% of decision makers believe that digitalization is essential to sustainability.
3. The next step in reducing energy consumption: implementation
With the possibilities offered by the Internet of Things and digitalization, companies can now access new types of services to improve and optimize the efficiency of their motor systems. These include services like ABB AbilityTM Life Cycle Assessments for motors and drives, ABB Energy Appraisals, and ABB Digital Powertrain Energy Appraisals. These services combine data and expertise to give companies insights into the energy efficiency of their rotating electrical equipment. Together with an expert partner like ABB Motion Services they can then use these insights to make better decisions and implement solutions that improve the energy efficiency of their operations.
4. Long term planning: mitigating risks
Although modern technology offers clear opportunities for companies to reduce their energy costs, many are still reluctant to invest in modernization. Some of the common barriers to investment include justifying the up-front costs, a desire to avoid downtime and a lack of in-house digital skills. In fact, all these concerns can be easily overcome.
The energy savings gained from more efficient motor systems will typically pay back the investment in just a few year – the technology already exists to reduce motor system energy demand by 20 to 30 percent. In addition, the reliability gains provided by modern equipment will lead to reduced downtime overall, and all the digital skills needed can be conveniently provided by an expert service partner, like ABB Motion Services.
