With government mandates and global competition seeking as much as a 15% reduction in energy consumption, many operations are looking for new ways to reduce this significant variable cost.
The IPS Energy Management solution is designed to increase the reliability and efficiency of energy supply throughout the facility by preventing most upsets and by alerting operations and maintenance personnel to potential problems before they become critical.
For example, if energy costs for an area or unit are forecasted to exceed a target, operators are notified up to 30 days in advance and provided with real-time cost details to help localize the cause and make decisions. Maintenance teams and process engineers have performance forecasts and event predictions that give them enough time to negotiate changes in maintenance forecasts and/or operations activities.
The IPS Energy Management solution also provides information about energy conversion and distribution in both economic and energy measures across the site, and provides forecasts of energy trends and predictions of energy-related events, including potential equipment failures.
The solution estimates the time to an event for energy costs and estimates the cost of energy upsets. The solution also integrates costs information from maintenance management and production scheduling to compare true cost of downtime, cost of changing maintenance schedule, and cost of “do nothing”. Statistics are provided to help managers, process engineers and maintenance teams to justify projects or changes in procedures.
The IPS Energy Management solution employs proven technology, including the unprecedented integration capabilities of InFusion along with industry leading modeling/simulation, powerful predictive capabilities, and our unique economic performance measurements.
The IPS approach to energy management enables predictive versus reactive capabilities, resulting in lower, more consistent energy usage and improved plant reliability.