World’s Largest Mechanical Tire Recycler Selects Ndustrial – Saves Hundreds of Thousands in Energy Costs in Less than Four Months
Extension Aligns with Strategy to Enter Key Vertical Markets and Accelerate the Optimization of Energy Intensity in Industrial Facilities
Raleigh, N.C., August 30, 2022 – Ndustrial, the only production-first Energy Intensity company, today announced it is expanding its market reach to serve the recycling market and has already enabled Genan to save hundreds of thousands in energy costs by automating their response to electricity price spikes.
“Recycling operations need a warning system, and ideally an automated system, that will shift your energy load as prices go up,” says Michael Agerkilde, COO at Genan. “I would never do anything else. Although energy prices at Genan’s Houston plant are generally lower in the US than in Europe, the fluctuations are much higher.”
Recycling facilities like Materials Recovery Facilities (MRFs) and shredding operations are excellent candidates for cutting energy costs. Not only are they large energy users, but their operations are generally flexible enough to avoid price spikes. Moreover, it’s common that recyclers have a sustainable mission, backed by carbon reduction or ESG goals. Managing energy effectively allows them to further their mission.
“We’ve seen electricity prices spike by a factor of 100 during extreme weather events,” reports Jason Massey, CEO at Ndustrial. “When we help Genan avoid high energy rate periods, we’re helping them improve production efficiency and lower costs – while simultaneously creating grid stability.”
As energy price inflation eats into operating margins, the companies that can successfully manage their Energy Intensity will see higher profits and improved competitiveness. This success often extends to improved stakeholder relations including with customers, investors, and governments.
“Energy efficiency is a major opportunity for companies serious about putting sustainability in action,” says Jason Massey at Ndustrial. “Recycling and energy management go hand-in-hand.”
Ndustrial delivers the industry’s only production-first Energy Intensity platform – enabling companies to minimize energy spend and achieve the highest production efficiency possible. Together with our IoT and Energy Service offerings, we provide a holistic view across all facilities and deliver new levels of insight to optimize and transform operations for a sustained competitive edge. To learn more, visit ndustrial.io.