For industrial companies, making production more efficient is the real prize.
Most people don’t think of production when they think of energy efficiency. It’s time for that to change.
Traditional energy management projects tackle things like lighting retrofits and HVAC upgrades. Meanwhile, continuous improvement efforts focus on a huge range of projects, but rarely do they tackle energy efficiency.
That’s a huge lost opportunity. For industrial companies, making the production process more efficient is the real prize.
McKinsey estimates more than $600 billion in annual investment will be needed for the U.S. to reach net zero carbon emissions. They identified five key markets for near-term investment. Of those, operational efficiency stands out as the most cost-effective – by far.
It’s the least capital-intensive of the solutions identified, yet it has one of the highest impacts. With less than 2% of the total investment, operational efficiency can deliver nearly 20% of needed greenhouse gas reductions.*
Despite the opportunity, there’s a reason production efficiency hasn’t come to the fore. Few industrial companies are equipped with the right tools and expertise to tackle energy efficiency at scale.
For starters, most industrial facilities run on legacy systems that were never designed for cloud connectivity. Ripping these systems out is not a viable option. Getting data out of the facility requires the integration of myriad IT and OT systems – with industrial-grade security.
Then, to make sense of it all, these different data streams must be integrated and normalized. And finally, to actually make better decisions, users need to see the effects of their actions in real time.
It’s because of these unique challenges that we created Nsight™– the only production-first industrial Energy Intensity software platform. Nsight enables next-generation Energy Intensity monitoring and management across not only your facility, but also your production operations.
Nsight, together with our team of energy experts, will help you understand which assets are performing well and where you can improve the production process. Learn about the full solution by downloading our Nsight Product Guide.