Where do the opportunities lie in your business to achieve productivity gains?

Where do the opportunities lie in your business to achieve productivity gains?

With the escalation in energy costs and tough competitive conditions, improving energy efficiency is more important than ever to deliver significant cost savings by eliminating energy waste. Increasingly though, we are seeing a focus on energy productivity which aims to bolster a business' output (revenue) for every dollar spent on energy.  By using this approach, businesses can achieve better financial results by optimising energy-using equipment to drive improved throughput, reduce maintenance costs and achieve labour productivity improvements.  

This introductory article is the first in a series which will consider the range of energy productivity opportunities across business types and sectors.

Improving energy productivity requires an examination of your business' major energy-intensive functions. 
Questions to consider across different aspects of business include:

Energy sources, procurement and end use:

  • Can productivity be improved by switching to new energy sources? Diesel to gas? Renewables?  Can energy storage options be considered?

  • Can output per unit of energy used be improved by investigating demand management options such as load curtailment?

Core process and capital productivity improvements:

Energy intensive equipment is commonly high cost, high maintenance equipment or machinery. 

  • Are certain types of energy intensive equipment frequently causing production bottlenecks?

  • What are the options to relieve process bottlenecks and boost overall plant throughput?

  • Should new technologies be considered and does the business case for their installation include productivity improvements?

  • Can energy be deployed more effectively to deliver more consistent product quality and cut product waste?

If your plant is a large user of liquid fuels:

Has your business reviewed the integrity of your fuel data?  Large users should consider whether their fuel data presents an opportunity to deliver more than reduced losses and improved accounting, as energy use is a powerful indicator of broader business efficiency. Robust data and improved analytics allows management effort to be focused.  Given its interaction with other priority areas of the business, auditing fuel data may reveal opportunities to improve equipment utilisation and increase production.

Energetics understands energy-intensive business operations. Over the coming weeks we will further explore these issues through industry examples.

To begin the discussion about the opportunities to lift energy productivity and improve outcomes for your business, please contact one of our experts.

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Dr Gordon Weiss

Associate

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