GridBeyond releases “Process Optimizer” to accelerate DX in the manufacturing industry – realizing energy efficiency and cost reduction
*GridBeyond*
Press release: September 17, 2024
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GridBeyond releases “Process Optimizer” to accelerate DX in the manufacturing industry – realizing energy efficiency and cost reduction
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GridBeyond (Headquarters: Dublin, Ireland; CEO: Michael Phelan) provides energy flexible resource and equipment management, including power optimization and distributed energy resource management, to provide manufacturers with new ways to increase revenue. Process, a solution that provides opportunities and supports the transition to net zero
Optimizer (Process Optimizer) has been released. *
“Process Optimiser” demo image
This data-driven solution optimizes and controls the manufacturing process for use in the electricity market, etc., based on data that can be collected by performing DX of facilities such as factories. This will reduce costs by up to approximately 680 million yen (approximately 3.7 million pounds) and support the expansion of renewable energy by developing flexible energy sources that have not been utilized before.
As the share of renewable energy in the energy mix increases, the instability of electricity supply increases, and as a result, the fluctuation of costs increases. These fluctuations make it difficult for companies to plan their budgets and carry the risk of unexpected cost increases.In today’s rapidly changing manufacturing industry, process optimization is not just about meeting deadlines; It is important to develop a strategy that can respond to fluctuations in electricity prices.
As the share of renewable energy increases, the supply of electricity becomes unstable and costs fluctuate, which can have a significant impact on operational costs. It is essential for businesses to develop strategies to reduce these costs. Under these circumstances, utilizing advanced technology plays an important role in supporting companies’ decision-making, minimizing the impact of energy prices due to peak periods, and reducing production costs. Finally, you can further control your costs by planning your operations and processes according to electricity rates.
Traditionally, manufacturing schedules have been planned based on historical data or fixed conditions. However, today’s active electricity market environment, where electricity prices are constantly changing, requires more agile and data-driven scheduling techniques. “Process”
Optimizer minimizes total energy consumption costs in operation and single machine scheduling.
This enables sophisticated decision-making, such as optimizing the start time for job processing, determining when to put machines on standby or shut down, and even when to switch them “on” and “off.” In addition, by creating a virtual replica of all equipment, we can accurately understand the details of energy consumption. This forward-thinking approach not only minimizes the impact of price fluctuations, but also allows you to maximize cost-saving
opportunities.
In fact, UK-based cement manufacturing company A optimized the operation of three silos that had been running all day without considering electricity costs, reducing electricity costs and using the resulting energy flexibility in the electricity market. By using this technology, we succeeded in reducing costs and CO2 emissions by up to approximately 680 million yen (approximately 3.7 million pounds) per year.
“Process
The release of “Optimizer” once again demonstrates our commitment to continuous innovation and providing the best products to our customers. ” said Mark, CCO of GridBeyond.
Davis (Mark Davis) says. “This software enables companies facing fluctuating energy prices to more efficiently manage production schedules. It leverages the power of data analytics, AI, and machine learning to understand electricity consumption patterns. , identify cost-saving opportunities and optimize production schedules in real-time.”
By reviewing the way you use energy, you may be able to reduce costs, develop new revenue sources, and support decarbonized management. Take advantage of our free phone consultation and one of our experts will call you back.
https://bit.ly/3XvkUJY
*About GridBeyond*
GridBeyond offers energy
A global energy solutions company that manages flexible energy resources and equipment. Utilizing artificial intelligence (AI) and data science, we provide a variety of energy services, including entry into the electricity market, decarbonized management, development of new revenue sources, and improved operational management, mainly for industrial and commercial bases. I’m doing it. GridBeyond’s
cloud-based platform manages more than 2,000 MW of energy equipment in more than 900 facilities worldwide. We leverage our expertise in the UK and Ireland’s advanced and highly competitive renewable energy markets to help you grow your business.
We can also suggest ways to use energy that suit your needs. Please feel free to use our free phone consultation. We can help achieve containment and at the same time support the transition to net zero. ▼Click here for free phone consultation
https://gridbeyond.com/contact/