CECO presentation studies ways to cut energy costs
Staff -- Plant Engineering, 8/15/2007
A new downloadable presentation from CECO Energy Management details the cost impact of wasted energy in industrial buildings and processes, and explains how to reduce the energy component of manufacturing costs. Posted on the homepage cecoenviro.com, the presentation explains how seven-figure savings are attainable and justified in some cases.
The presentation shows when energy costs are treated as a component of cost-of-goods-sold – much like labor or raw materials – the importance of managing them becomes evident. The presentation states that 60%-80% of a plant’s energy costs typically go into the manufacturing process, representing massive opportunities for savings that go directly to the bottom line.
According to the Department of Energy, the manufacturing-cost component for energy will increase 50% in the next three years. The steps for managing process energy – assessment, analysis and reporting – are explained and supported with case histories.
The presentation is available for download at cecoenviro.com.
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