Energy Management and Optimization
The energy landscape is drastically changing because of the global concern to reduce Greenhouse Gas (GHG) emissions. As a result, companies are aware of energy’s impact on overall costs and emissions.
For large-scale process plants, energy typically accounts for 50% of operating expenses (that is, excluding the feedstock). Consequently, an energy reduction of 10% can often improve margins by 5% and, at the same time, reduce GHG emissions.
Whether a company uses traditional energy, renewable energy, or a mix, there is a need to find a cost-effective way to deal with it and transition to net zero GHG emissions while remaining profitable.
To increase profits and reduce GHG emissions, energy management and optimization is naturally the first place to look. Providing real-time information about current emissions and making accurate decisions based on first principle models will bring emissions and energy reduction to the next level in your energy transition. Our digital technologies, Visual MESA® energy management system integrated with process simulation, are designed for monitoring and optimization of multiple sources of energy, including the incorporation of renewables. Energy transition also involves accelerated and increasing regulatory and investor pressures, which demand for process industries.