Ideas That Could Reshape How Companies Use Energy

Recent projections show that the world’s energy demands are about to increase by close to 25% between now and 2030. Population and wealth growth are the leading factors behind the increased need for energy. Additionally, issues related to pollution and climate change are compelling companies and investors alike with respect to how they produce and use energy.

Grs a global resource solutions company offers a plethora of services that could help industries reshape and streamline their energy consumption.

Energy efficiency is playing a vital role in helping the world achieve its power needs and progress.

Increase in Fuel Prices

The prices of energy have kept rising over the years even when oil prices have dropped as was the case in 2014-2015.Such sudden fluctuations can be difficult for businesses to deal with. Also, declines in energy prices have called into question whether the efforts in energy conservation and efficiency are worth it.

According to various financial analyses, energy costs form a considerable chunk of operating expenses. Worldwide, cement, chemical, mining and metal companies, for instance, spend almost 30% of their operating budget on energy. Additionally, the percent of the budget spent on energy is higher in developing nations due to the cheap cost of labor.

Energy Efficiency

Statistics and research show that operational upgrades can cut energy consumption by approximately 20%. Nonetheless, investment in energy efficiency technologies can reduce energy usage by even 50%.

The reports and findings show that it is not a pipe dream for manufacturing entities, which account for almost half of the world’s energy usage, to meet energy requirements in a way that is environmentally friendly and economical as well. Advanced technology could substantially reduce energy usage and save companies more than six hundred billion dollars per year.

There are technologies currently in place that can help industries reduce energy use. The ideas cover a range of manufacturing and production groups like cement, mining, oil refining and chemicals. Nonetheless, firms are facing the challenge of how to put energy efficiency technology in place how to renew the technology so that it stays relevant year in and year out.

Think Circular

Consider your product to be a future source that can be used many times. In other words, when developing a product, strive to move away from the traditional linear supply chain. Take, for example, a data services provider. Put in place the think circular standard by using an analytics system to develop a facility that restructures energy to its core function. This results in more capacity and less operational expenses.

Profit Per Hour

Whenever making any changes, remember to create a comprehensive review of the full profit equation. During the study, evaluate aspects such as yield, throughput and energy. Nonetheless, profit should be of the highest priority before effecting any changes.

Think Lean

It is vital for an organization to create a resource productivity plan. Lean thinking and green thinking are based on similar principles and will blend in together well.

Think Holistic

When making changes, ensure that they not only focus on a specific aspect. Instead, you should also focus on the management system, behavior and mindsets.

About Salman Zafar

Salman Zafar is the CEO of BioEnergy Consult, and an international consultant, advisor and trainer with expertise in waste management, biomass energy, waste-to-energy, environment protection and resource conservation. His geographical areas of focus include Asia, Africa and the Middle East. Salman has successfully accomplished a wide range of projects in the areas of biogas technology, biomass energy, waste-to-energy, recycling and waste management. Salman has participated in numerous national and international conferences all over the world. He is a prolific environmental journalist, and has authored more than 300 articles in reputed journals, magazines and websites. In addition, he is proactively engaged in creating mass awareness on renewable energy, waste management and environmental sustainability through his blogs and portals. Salman can be reached at salman@bioenergyconsult.com or salman@cleantechloops.com.
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One Response to Ideas That Could Reshape How Companies Use Energy

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