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10 Steps To Help Industrial Firms Realize Energy Saving Opportunities

Date: 11 November 2015

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15 pages

EXECUTIVE SUMMARY

This report helps senior executives responsible for energy management within industrial firms understand and benchmark their energy strategy, and the steps they need to take to better capitalize on opportunities. The report provides an overview of current industrial energy management (IEM) strategies in North America. Verdantix interviewed 131 energy management decision-makers and budget-holders from firms with revenues of at least $1 billion. The energy heads were from seven different industry sectors (automotive, building materials, chemicals, food and beverage, mining and metals, paper and pulp, and pharmaceuticals). The study finds that historical price increases, the potential for efficiency savings and legislation are driving firms to revisit how they approach energy management, but that internal issues around governance and budgets are holding them back. The report provides firms with 10 steps they should take to realize savings from energy management.

TABLE OF CONTENTS

10 Steps To Help Industrial Firms Realize Energy Saving Opportunities
Industrial Firms Fail To Capitalize On Saving Opportunities
Firms Are Investing In Energy Management To Preserve Profitability
Internal Barriers Prevent Firms From Tackling Energy Effectively
Firms Lack The Data And Understanding To Build An Attractive Business Case

10 Steps Industrial Firms Need To Take To Realize Savings Potential

TABLE OF FIGURES

Figure 1. How important are the following factors for your firm when investing in energy management?
Figure 2. To what extent do you agree with the following statements?
Figure 3. How significant are the following barriers to investing in energy management at your firm?
Figure 4. In your firm’s next financial year, how do you expect budgets will change for energy management?
Figure 5. Where does responsibility for energy management reside?
Figure 6. How concerned is your firm about each of the following issues for its energy and process management information systems?
Figure 7. Where does budget for energy management reside?
Figure 8. Who has an influence on sign-off on energy management investments?
Figure 9. Over the next two years, which of the following functionalities do you expect your firm to increase usage of?
Figure 10. Does your firm monitor and manage energy metrics? Are those metrics linked with production metrics?
Figure 11. What do you estimate is the size of your firm’s annual energy management budget?
Figure 12. What typical payback period is required to secure investment in energy management initiatives at your firm?
Figure 13. How frequently do you manage and report on KPIs at each of the following levels?

ORGANIZATIONS MENTIONED

Air Products & Chemicals, Ameresco, Cascade Energy, Cemex, DuPont, EFT Energy, Infor, Lineage Logistics, Lockheed Martin, Mohawk Fine Papers, OSIsoft, Rio Tinto Alcan, Royal Dutch Shell, Siemens, Solar Energy Industries Association, US Energy Information Administration, US Department of Defense, US Department of Energy