2016 Energy Management Study: Six findings on energy management programs
Respondents to the Plant Engineering 2016 Energy Management Study identified six high-level findings impacting the manufacturing industries today.
Respondents to the Plant Engineering 2016 Energy Management Study identified six high-level findings impacting the manufacturing industries today:
- Energy audits: Fifty-four percent of facilities conduct regular energy audits. Of those facilities, 35% perform them annually, 11.5% twice a year, and 7% quarterly. Aside from audits, 80% of plants monitor energy usage regularly—up from 76% in 2015.
- Energy sources: Electricity, fossil fuels, and natural gas are most commonly monitored monthly by respondents' facilities, while compressed air is monitored continually.
- Energy reduction: On average, manufacturing facilities are trying to reduce their energy usage by 9.08%. Forty-two percent of respondents are convinced that they’re goals are achievable, while 50% are less confident but still optimistic.
- Implementation: Thirty-four percent of respondents reported success with implementing an energy management program in their facilities, while 21% are just starting to employ such a program.
- Local utilities: Sixty-two percent of facilities work with their local utility companies to develop energy strategies, 88% of which reported a cooperative partnership. Thirty-five percent of manufacturing plants have a peak load sharing program with their utilities, and 97% said it has been an overall success—more than half of which experienced no problems along the way.
- Alternative energy: Of the 50% of facilities that use alternative energy sources, 46% use solar energy, 41% use co-generation, 25% use wind energy, and 18% use nuclear energy.
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Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey