Are you using IoT to exploit the hidden value in your energy assets?
How 'game changing' Internet of Things (IoT) technology is uncovering more flexibility and improving business results from energy optimisation solutions.
Do you know how much value is hidden in your energy assets? Can you see whether you have spare power capacity or inefficiencies in your equipment and processes?
If you can't identify energy flexibility opportunities or waste in your operations you will miss out on opportunities to make cost and carbon savings, improve operational efficiency and maximise revenue from Demand Side Response.
Our new video explains how IoT is uncovering flexibility to improve energy asset optimisation and generate improved revenue and cost savings.
The power of IoT
Our Internet of Things (IoT) technology is providing the deep energy insights that uncover flexibility and value in your operations and generation assets.
This is a 'game changer' in raising energy performance across all types of organisations – from manufacturing and leisure – to healthcare and education.
Centrica Business Solutions' IoT energy insight technology provides full visibility of energy usage across your site, or multiple sites – right down to individual device level. We attach self-powered, wireless sensors to equipment and processes, such as conveyor belts, lighting circuits, chillers, or any other energy consuming assets.
This instantly transmits real-time data to our cloud-based PowerRadar™ analytics and reporting platform. You can then access this intelligence to inform your decision making and improve efficiencies.
Deep energy insights
Hundreds of sensors, which can measure both heat and power consumption, can be installed within a few hours and won't cause disruption to operations. Data provided by our IoT technology enables organisations to quickly identify and resolve energy waste. It can also pinpoint opportunities to reduce high peak-time energy costs by moderating consumption in these periods.
Businesses can use this intelligence to unlock Demand Side Response revenue streams by identifying opportunities to decrease energy use or sell surplus energy back to the grid at opportune times. Robust safeguards are implemented to ensure that any load reduction respects operational boundaries and to prevent any risks to safety or business continuity.
The biggest gains of IoT energy insights are often seen in improved operational efficiency and business resilience. By ensuring that critical equipment is operating optimally and preventing costly disruption, or even breakdown, large operational cost savings can be achieved. Continuity of operations is also assured, which is particularly beneficial in manufacturing environments.
The results of IoT energy optimisation
We're seeing the positive results of our IoT enabled energy optimisation across all business sectors, including:
FUJIFILM Speciality Ink Systems has used Centrica Business Solutions' IoT energy insights technology to yield a £43,000 annual cost saving, achieving a return on investment within just 3 weeks. By monitoring energy-intensive processes and equipment with our wireless sensors and analytics technology, we identified equipment faults that were causing energy wastage and operational inefficiencies.
To learn more about how IoT could transform your relationship with energy, get in touch. Or watch our video to understand how you can pinpoint hidden areas of flexibility within your energy system and start maximising optimisation opportunities.