[10/2/22 Update: Last Grant extension in Feb 2022]
As the recent electricity hikes show, energy cost can become a business risk.
And if you don't have a way to manage energy costs, this risk will only become bigger as energy prices continue to rise and fluctuate.
Building predictability and profitability into your manufacturing business
That means being able to collect data through the use of sensors, systems and then derive actionable insights.
There are Industrial IoT solutions covering various aspects of the manufacturing process, including for energy management.
Without proper tools to monitor and manage energy use, there's no assurance the next batch will break even, much less be profitable.
On the other hand, if you can manage energy use, then it becomes a silent competitive advantage. One that builds with every batch you produce.
Producing more cheaply is only the beginning
Buyers will always want cheaper.
However, they now want something else too.
Global companies are under pressure to do sustainability reporting. Managing supply chain means giving suppliers carbon emissions targets. And if you supply to them, you have to meet these targets. This means meeting standards on how much energy, and the type of energy being used.
That's why they care about the effort you put into tracking and improving energy efficiency.
Because otherwise, you will struggle to meet their requirements (which will be even more stringent) as the year goes by.
This request for sustainability reporting goes down the food chain. And will eventually come to you.
If your buyers haven't requested sustainability reporting, they will soon.
Energy Efficiency as the silent competitive advantage
However, all risks also come with opportunity.
Those who are not ready to meet the requirements of their buyers will struggle.
But those who are ready will win new business - especially from those who aren't ready.
That's why the sooner you commit to energy efficiency, the more advantage you build.
And with the right energy management solution, you will be poised to reduce your bill, sleep better at night and grow your manufacturing business.
You'll be competitive AND sustainable.
How an Energy Management System increases Energy Efficiency and reduces energy bills.
The first step to reduce your energy bill is to know where energy is consumed. Thus, monitoring energy usage is the first part of energy management.
Note that monitoring energy usage differs from an energy audit, which only produces a snapshot of past energy consumption.
Each machine will have a different energy profile during operation. Energy consumption is dynamic as it is based on varying loads, power factor, etc. That's why for energy management to be meaningful, we need continuous energy monitoring.
Further, energy monitoring at the machine level can optimize production planning for an energy-intensive process. For example, it could reveal inefficient energy consumption from idling machines, because of improper scheduling of work order.
An energy management system is like a financial management tool. It's literally the foundation for any kind of energy efficiency projects.
If energy efficiency projects were straight-forward, all manufacturers would do them
If you're anything like the manufacturers we're working with, you have evaluated energy efficiency projects.
In fact, you may already have existing sensors, meters or systems that measure energy use to a certain extent, giving you some data on your energy use intensity or total cost of production.
Wherever you are on the energy efficiency journey, we applaud your efforts to reduce environmental impact.
Because energy efficiency requires investment in money, time and effort.
It's true whether you are investing in or upgrading your energy management system.
These investments include
- Time to deploy - which may disrupt your operations
- Cost of new hardware/software - CAPEX, time to ROI
- Cost of deployment - planning, designing, installation, commissioning new hardware, software systems
- Compatibility and Integration - must work with your existing equipment, machines and systems.
- Effort to change - incorporating new workflows, learning the system amidst your other priorities
- Other "hidden" costs that don't appear till the implementation
Turns out there is a way.
Green Koncepts Energetix Energy Management meets
IMDA Advanced Digital Solutions
Singapore's Infocomm Media Development Authority (IMDA) offers a pre-approved grant of up to $50,000 to SMEs to adopt IoT solutions.
The qualifying costs include:
- hardware - sensors, gateways etc.
- professional services - installation, integration, training
- software - platform, applications
A smart IoT cloud energy management system to aggregate, monitor, analyse and optimise utilities from across systems in industrial plants, buildings, offices to drive energy behavioural change. It is a complete machine-to-cloud solution measuring electrical power consumption from the machine level up to the factory level.
The data is then available on an intuitive and user-friendly interface. Allowing plant managers, process engineers and energy managers to
- collect and visualize all energy data
- analyze and optimize energy flows
- identify opportunities for energy efficiency projects
- calculate cost of production
Other Key Features of the Energetix Energy Management System
What You Get
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Non-Disruptive Deployment
Zero operational disruption, with no machine shutdown required
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Manufacturing Systems Integration
Open and Interoperable, works with existing sensors and software systems |
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Intuitive Interface
Your team can get going in as fast as half a day, with support as needed |
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Pre-approved Government Support
Out of pocket investment reduced to the absolute minimum |
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Full Team Alignment
The system your staff have been waiting for to improve operational and energy efficiency |
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Total Transparency
No surprises. Know the plan exactly from diagnosis, to design to deployment |
Reserve Your Grant Package Now
Reserve your grant package by clicking the button below, which will direct you to fill out a form to indicate your interest.
(Note: Given limited packages and deployment resources, projects are subject to assessment and on a first come first serve basis)
Customizable package
- Power Quality Management - Real-time power distribution, power demand management
- Water Monitoring - sub-metering for precise measurement, calculating total cost of production, alerts on inefficiency and abnormal usage
- Fuel Monitoring - Gas, diesel for efficient control and planning, enhance transparency and traceability
- Fault Monitoring - Get instant notifications for power trips, equipment faults or overcrowding
- Warehouse Environmental Monitoring - for storage of heat/humidity sensitive products
- Smart Lighting Controls - Reduce energy usage with smart rules, control your lightings based on occupancy
- IoT Platform - integrates and interfaces with existing sensors and systems, pulling data across plants and offices for a single unified view