The World Economic Forum (WEF) last month placed Australia 43rd out of 115 advanced economies ready to transition to renewable energy.
With increasing business pressure to improve plant energy performance, it is natural to turn towards an energy audit as a means of identifying saving opportunities or to justify capital expenditure for a solution.
Given the manufacturing industry accounts for eighteen per cent of Australia’s energy consumption, it has the most to gain from implementing energy saving improvements.
If you’ve been asked to improve your businesses’ energy efficiency in a bid to reduce electricity bills, you’ll likely have considered power factor correction.
The Australian water industry is facing new and old challenges. Industry 4.0 – with its promise of increased visibility and performance with data – presents the solution.
In a time when Australia is grappling with energy pricing pressure and uncertainty around the national energy policy, there is a tremendous opportunity for industrial businesses to take action and reduce their electricity bills.
Our previous blog explored how to improve industrial energy efficiency through power factor correction and load shifting. This blog will address an equally important part of any energy management program – measuring and analysing energy consumption.
As power price volatility puts more pressure on industrial businesses’ profit margins, executives are beginning to seek out new ways to reduce their electricity bills.