Safe and economically available energy is a critical success factor for companies and public institutions. The company Watt Analytics has developed an innovative application for the sustainable optimization of energy consumption.
(red/czaak) Current surveys show that the average energy costs for the pure use of electricity are between 2 and 10 percent of the company’s turnover and that does not include the investments required for equipment and installation. In addition to the strategic advantages of energy efficiency such as energy self-sufficiency or CO2 reduction, a reduction in consumption and costs is directly effective in EBIT (note: result of so-called ordinary business activity).
The use of modern sensor-based measuring devices (IoT devices) with real-time use of the continuously obtained data through self-learning algorithms then has a massive effect. Measurements show that up to 15 percent (sustainable) savings can be achieved in energy management. Such energy efficiency projects are started by companies and the public sector with different objectives. This includes legal requirements as well as capacity limitations in the availability of electricity or production-related issues.
Exact identification of all devices and systems
“The projects themselves are often state-funded, seldom supported by automation and key figures, and even more rarely organized uniformly across the company,” says Georg Greutter, Managing Partner at Watt-Analytics. The Viennese company has developed a solution for the holistic recording of all electricity events in a company. All current events within the energy cycle are measured with a special measuring device and assigned to the individual consumers using AI algorithms. Finally, every device with power consumption is identified exactly according to time and costs incurred.
Watt Analytics has collected the common approaches of operational energy efficiency across all industries and then digitized, automated and supplemented or eliminated the sources of error known from business practice. “The potential for improvement in terms of energy efficiency can now be measured in real time and with direct consumption and cost allocation and identified for each organizational unit,” explains Greutter.
Energy costs reduced by up to 30 percent
The innovative application includes extensive services that range from the identification and optimization of so-called “blind or sluggish consumers” (e.g. heating, cooling or pumps) to the cascaded switching and optimization of correlating consumers (e.g. heat / cold recovery) and the identification of wear components and ” Energy guzzlers “(eg. Lighting or old machines) up to the display of outsourcing potentials of energy-intensive processes and a consumption-adequate dimensioning of alternative energy sources or the self-consumption quota.
“All of this takes place regardless of company locations and manufacturers of the connected devices and systems,” emphasizes Greutter. According to information, Watt Analytics achieves savings of up to 25 percent in energy costs for customers without prior optimization, and companies that have already been optimized can expect further savings of up to 12 percent. Taking into account the costs for the Watt Analytics system, customers with an energy consumption of 1MWh pa will break even after twelve months. “For customers with more than 1 GWh annual consumption, the break-even point can be reached between three and six months,” says Greutter.
Services at fixed prices or based on results
All information from the power grid is made available to customers from companies or administration on all common devices, regardless of location, and the operation of individual energy devices or systems can be tracked in real time, regardless of location. From an economic point of view, all of this information can then be used for better and also automated prediction of maintenance requirements (predictive maintenance) and process optimization. The implementation of the Watt Analytics System includes hardware components, software licenses, installation as well as consulting and maintenance services.
“We offer our services at fixed prices, all-inclusive to avoid project risks on the customer side or depending on the results, performance based in percent of the savings achieved or according to expenditure (time & material)”, Georg Greutter also emphasizes the individual pricing of Watt Analytics. “In a nutshell, we have developed a unique technology for optimizing power consumption and the data obtained from it can also be used for energy efficiency, but also generally for process optimization or the acquisition of new devices.”