Multiple strategies yield energy savings
Learn how one of the world’s largest food companies sought Summit Energy’s leadership to reduce natural gas and electricity costs. Summit drove savings for the company by devising an integrated, strategic approach that combined the strengths of cogeneration, energy metering and strategic energy procurement.
Real-time Data Yields Greater Savings: When it comes to lowering energy costs, programs such as demand response and cogeneration can deliver significant savings. However, to make these programs effective, companies must have access to real-time data about energy use and the price of energy. Otherwise, they may incur penalties and make uninformed decisions that eat away at potential savings. With real-time energy metering, companies have the ability to monitor and analyze consumption and pricing, allowing them to proactively manage energy strategies.
One of the world’s largest food companies desperately needed a new energy management strategy for the cogeneration unit at its Chicago site. The contract with its current supplier was about to radically change, causing energy costs to double. The company turned to its energy partner, Summit Energy, for guidance on developing a strategy that would lower costs and leverage the site’s cogeneration unit.
While the significant price increase was the catalyst for the food company’s request, Summit recommended a strategy that would save them money regardless of the current situation – real-time energy metering. Summit installed meters that monitored and tracked hourly energy usage and the volatile costs of natural gas and electric power -- information that is essential in effectively managing cogeneration technologies. Using this data, Summit was able to devise energy strategies that capitalized on market conditions, the site’s energy usage, and its cogeneration unit.
Summit’s energy management strategies gave the food company the ability to make more informed decisions on when to strategically buy energy for optimal savings. With insight into real-time energy usage and pricing data, operations personnel could choose the best timing and method for using the cogeneration facility, and the company reduced its kWh consumption by 27% and its natural gas consumption by 30% during the peak demand summer months. By implementing Summit’s metering tools and expertise, the company was able to get the most from its cogeneration unit, capture new market opportunities and lower energy costs.