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Energy conservation in industries pdf.
Energy Challenges are Rising. Here’s How Manufacturers Can Remain Competitive
By Justin Bean, Sr. Manager of Business Development and Strategy, Environment Business Division, Hitachi America, Ltd.
Industrial manufacturers nowadays face a perfect storm of challenges - rising energy costs, more frequent climate disruptions, and growing market volatility.
These factors are forcing manufacturers to reconsider their energy strategies, with an increasing need for more sophisticated sustainable energy practices and enhanced resilience.
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As energy expenses now represent a growing share of production costs, manufacturers can no longer afford to treat energy bills as a fixed or predictable cost. For example, many industrial companies today are unaware that a large percent of their bill is likely hefty demand or coincident demand (COIN) charges, often costing an order of magnitude more than off-peak usage, let alone what they can do about it.
Further compounding these challenges are climate change, cyberattacks, and fluctuating energy markets, which have created an operational landscape
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