Industrial Energy Service Outsourcing Offers Savings Potential
Many industries are unaware they can outsource energy functions such as steam, compressed air, water treatment, lighting, or other activities, according to a blog by the American Council for an Energy-Efficiency Economy.
US-based manufacturers in 2006 acquired $156 billion worth of energy to transform raw and intermediate materials into finished products. Of that total value, $80 billion was lost through inefficient conversion and use, thus providing a first-cut estimate of the market for energy service outsourcing, says ACEEE.
A new report by ACEEE finds that outsourcing can address all the classic impediments to industrial energy efficiency by providing some combination of capital and expertise to perform common energy functions. The report does find, though, that details are crucial. A literature review and interviews with 41 experts (both energy users and solution suppliers) revealed that early identification of risks and associated contract terms are important to successful outsourcing experiences. With proper preparation and education, outsourcing can be a cost effective method for manufacturers to reduce energy costs.
- 6 Steps from Getting the Most From Every Lighting Retrofit
- Essential Guide to Lighting Retrofits and Upgrades
- What You Need to Know About Demand Charges
- Guide to Energy, Carbon and Environmental Software
- Integrated Building Optimization
- 2014 Insider Knowledge Report
- 2014 Environmental Leader Product and Project Awards
- Alarms Management: The Future is Now
- Trends in Energy Management: Where Should Your Next Investment Be?
- NAEM Research Report: Planning for a Sustainable Future
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies
- Driving Productivity and Profit with Industrial Energy Management
- Energy Procurement in 2014: Products & Programs to Optimize Savings
- BUYING STRATEGIES IN A VOLATILE MARKET: What Businesses Need to Know about Retail Electricity Procurement