Energy Audit Could Help Industry Conserve 20–30 pc Power
Developing countries, such as India, need to maintain growth and energy security is essential. If the energy demands are not met, unemployment, inflation, and socio-economic instability could result. With regard to energy conservation efforts, the major thrust would have to come from industry as it consumes around 49% of the total power produced, as compared to residential uses that account for only 10%. Systems would have to be optimized without affecting growth.
Industry should leverage energy audit for conservation efforts
Energy Audit is an analytical tool for detecting power wastage. There are entries on the total energy consumed through various forms including electricity, oil, gas, etc. The tool also has entries on how energy was used for diverse purposes such as lighting, air conditioning, heating, etc. Thus, it would help identify areas where wastage could be a concern and the tool can point out scope for conservation.
The energy audit could save around 20–30% energy for the industry if measures identified by energy audit and surveys are adopted. Additionally, around 10% energy savings can be made just by following good practices that don’t require any investment. Even for measures that require initial investment, the break even happens in two years.
In fact, as far as energy conservation is concerned, even simple measures such as adequate insulation can make sizable contribution in energy savings, particularly for energy-intensive machinery. According to industry estimates, better insulation in devices and furnaces operating at high temperature could result in at least 10% reduction in energy expenditure. In fact, energy conservation is the easiest way to achieve global business competitiveness as the overall costs of production reduce. It is also the most cost-effective way to close the gap between demand and supply.
Digital India and Smart City initiatives depend on energy conservation
With time, the importance of energy conservation efforts is set to increase as fossil fuels get depleted and their deleterious effect on the environment gets magnified. Moreover, initiatives such as Digital India and Smart City depend on consistent power supply. The very concept of a smart city is based on adequate energy supply. In order to concretize the grand plans, energy security is of paramount importance.
With global warming and climate change assuming drastic proportions, it’s time we made a concerted effort aimed at arresting the decline of our environment and the planet. According to NASA figures, temperatures globally have gone up by over one degree since 1880, whereas 9 out of the 10 warmest years ever recorded have occurred after 2000. And energy conservation can go a long way in ensuring energy security and a healthier planet.
[Disclaimer: The views expressed in this article are solely those of the authors and do not necessarily represent or reflect the views of Trivone Media Network's or that of CXOToday's.]
- Infosys CEO Sets A 3-year Transformation Strategy
- Indian Businesses Lack Confidence In Digital Transformation Capabilities
- Automating IT Services To Drive Digital Transformation
- Keep Security At The Heart Of Digital Strategy: Unisys
- CIOs Can Majorly Gain From Edge Data Centers
- TCS Bets On Business 4.0 To Propel Digital Revenues
- Collaboration Is Powering Modern Enterprise, Government
- Supreme Court Website Hacked; Is India Ready To Defend?
- How Businesses Can Ensure A Smooth Transition To GST
- Flipkart, ASUS Announce Long-Term Partnership For India Market