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HOW TO: Use energy usage data collection solutions to benefit your business

960 640 Stuart O'Brien

Understanding and managing energy consumption is a critical part of running a modern business. Energy usage data collection solutions offer an efficient way to achieve this, providing valuable insights that can significantly improve operations and drive sustainability. As we delve deeper, let’s discover how these tools can transform your business…

At the heart of energy usage data collection solutions lies the promise of improved efficiency. By gathering detailed data on your energy consumption, these solutions can provide a clear picture of how and when your business uses energy. Are there periods of peak usage that coincide with specific processes or times of day? Are certain areas or equipment using more energy than necessary? By pinpointing these patterns, businesses can identify opportunities for reducing energy usage and costs.

Moreover, energy data collection solutions often come with powerful analytic capabilities. Advanced algorithms can sift through vast amounts of data to identify inefficiencies that might not be apparent to the human eye. This could include patterns of waste, such as equipment left on outside working hours or inefficient heating or cooling cycles. By addressing these issues, businesses can make substantial savings on energy bills.

In addition, these solutions can facilitate regulatory compliance. Many regions require businesses to report their energy usage or meet certain efficiency standards. Automated data collection simplifies this process and ensures accurate, timely reporting. By removing the burden of manual monitoring and record-keeping, businesses can focus more on their core operations.

Energy usage data can also help in predictive maintenance. By analysing trends in energy consumption, businesses can spot signs that equipment may need servicing or replacing before it fails. This not only prevents downtime but can also extend the lifespan of your assets, saving money in the long run.

Furthermore, these solutions align with the growing trend towards sustainability. By reducing energy consumption, businesses can decrease their carbon footprint, contributing to global efforts to combat climate change. This can enhance your brand’s reputation and potentially open doors to new opportunities, as more consumers and investors prioritize businesses with strong environmental credentials.

Finally, data collection solutions can enable businesses to take advantage of flexible energy pricing. Some energy providers offer variable rates depending on the time of day or demand levels. With detailed insight into your energy usage patterns, you can shift certain processes or operations to times when energy is cheaper, further reducing costs.

In short, energy usage data collection solutions offer myriad benefits for businesses. From enhancing efficiency and reducing costs to ensuring regulatory compliance and promoting sustainability, these tools provide vital insights that drive informed decision-making. As businesses navigate an increasingly digital and eco-conscious world, leveraging energy usage data is key to staying competitive and contributing to a sustainable future.

Remember, the journey towards improved energy efficiency begins with understanding your current usage. With the right data collection solution, you can illuminate your path towards lower costs, enhanced sustainability, and smarter business operations.

It’s time to let your energy data work for you.

Are you on the hunt for energy usage data solutions for your business? The Energy Management Summit can help!

Image by günther from Pixabay

Norway leading the way on renewable and UK slips behind

960 640 Stuart O'Brien
Research has found Norway is the world leader in renewable energy use, making up 56% of its total energy supply, while the UK ranks 20th as renewable energy only accounts for 13%.
A study by energy tariff comparison platform Utility Bidder has revealed which countries rely the most on fossil fuels (coal, oil and natural gas) renewable energy (hydropower, biofuels and waste, wind and solar) and also nuclear energy to reveal the distribution of energy sources around the world.
The top 5 countries with the highest share of renewable energy

Rank

Country

Total energy supply (ktoe)

Renewable energy supply (ktoe)

Renewable energy as % of total supply

1

Norway

23,753

13,308

56%

2

Brazil

289,130

133,460

46%

3

New Zealand

20,589

8,641

42%

4

Sweden

49,204

20,115

41%

4

Denmark

16,011

6,529

41%

5

Finland

32,031

11,866

37%

20

UK

169,543

22,842

13%

Norway uses the biggest share of renewable energy in the world, making up 56% of its total energy supply. It also utilises hydropower more than any other country as that accounts for 45% of its supply alone. The country is known for being experts in the field of hydroelectricity with many steep valleys and rivers, as well as increased rainfall due to climate change, meaning hydroelectricity is a fruitful opportunity.

With the second highest supply of renewable energy, Brazil is also the leader in biofuel and waste energy, which accounts for 32% of its total energy supply. Brazil is the second-largest producer of ethanol fuel and is an industry leader, with its sugarcane-based ethanol being touted as the most successful alternative fuel to date, based on advanced agri-industrial technology.

Renewable energy sources in total account for 42% of New Zealand’s energy supply. It is also the world leader in wind and solar energy which makes up 25% of New Zealand’s energy supply. Situated in the path of the ‘Roaring Forties’, a set of strong and constant westerly winds, the nation is perfectly positioned for wind power and enjoys plenty of sunshine for solar energy too, as well as having an increasing market for solar hot water heating systems.

The top 5 countries with the highest share of fossil fuels

Rank

Country

Total energy supply (ktoe)

Fossil fuel energy supply (ktoe)

Fossil fuels as % of total supply

1

Singapore

37,752

37,062

98%

2

Australia

132,431

122,927

93%

3

South Africa

134,645

122,398

91%

4

Luxembourg

3,453

3,122

90%

4

Netherlands

70,715

63,733

90%

4

Morocco

20,295

18,260

90%

5

Mexico

184,021

164,657

89%

18 UK
169,543
132,062
78%

Singapore relies on fossil fuels more than any other country, with 98% of its total energy supply coming from traditional fuel sources. It uses the highest proportion of oil in the world relative to total energy supply, as oil makes up 73% of Singapore’s supply. It is home to major oil companies such as Exxon Mobil, due to its ideal trading location and perceived safe environment.

Australia follows closely behind as the second most reliant on fossil fuels as this makes up 93% of its total energy supply. It is relatively evenly split between coal, oil and natural gas as each accounts for 31%, 33% and 29% of the total energy supply respectively.

While being the third most reliant on fossil fuels, South Africa also uses the highest proportion of coal in the world standing at 73% of its total supply. This is largely because coal is one of the most affordable fuel sources, but also due to a lack of real alternatives in the country too.

The Netherlands ranks joint fourth overall and also has the highest supply of natural gas than any other country, standing at 45% of its total energy supply. Fifty percent of this comes from the Groningen gas field, the largest gas field in Europe, however, the Dutch government has committed to stop regular production from the Groningen field by 2022.

The top 5 countries with the highest share of nuclear energy

Rank

Country

Total energy supply (ktoe)

Nuclear energy supply (ktoe)

Nuclear energy as % of total supply

1

France

246,349

103,966

42%

2

Sweden

49,204

17,349

35%

3

Switzerland

24,884

6,916

28%

4

Slovakia

16,318

4,110

25%

5

Belgium

55,162

11,341

21%

12 UK
169,543
14,639
9%

France is the leading country when it comes to nuclear energy, making up 42% of its energy supply, with 56 operational nuclear reactors producing 103,966 ktoe – the second largest amount produced, just behind the USA which produces 219,737 kote of nuclear energy which equates to 10% of its energy share.