On Tuesday, March 24 I participated in a webinar at Panoramic Power entitled “Enabling Operational Excellence with Energy Intelligence.” As is often the case, there were too many questions to address from the audience in the time allotted, which I’ll address below.Read More
With increasing energy prices, increasing pressure for operational cost reduction, and major demographic shifts impacting the political and policy sphere, the focus on effective energy management is only increasing. Industrial companies today are being forced to address this trend and focus on cutting energy consumption wherever possible.Read More
With the price of crude oil hovering at roughly $50/bbl, many companies might be reevaluating their industrial energy management (IEM) strategies. Certainly consumer behavior is changing in the face of low energy costs. Sales of less fuel-efficient larger vehicles and pickup trucks are increasing, people are traveling more as fuel costs drop, and consumer goods spending is up as people have more discretionary funds.
Industrial Energy Management (IEM) will remain a challenge for many organizations in the coming year. Energy cost volatility will be driven by increases in U.S. petroleum and natural gas production, which will put downward pressure on the market, and continued global political turmoil, which will drive the market the opposite way.
Today, industrial manufacturing companies are facing greater operational and regulatory burdens than ever before. And while most companies have a strong annual focus on growing financially, the new realities of the business climate have made many organizations see that growth can only occur if operations are efficient and harmonized with sustainability initiatives. This is where Industrial Energy Management (IEM) can and does play a big role in helping to see and handle the larger overall energy picture.
In recent years, manufacturers have done a better job at viewing energy use and energy management as part of the big picture when it comes to cutting costs and driving profitability. And while we’ve seen the increased adoption of frameworks like ISO 50001 and EN 16001 to better optimize and streamline energy management, many manufacturers are still facing challenges taking these programs to the next level in terms of results.
Although manufacturing and industrial companies are fueled by innovation and technological advancements, it's often the directly quantifiable improvements that get the most immediate public attention. But fear not, for two years and counting, the team over at Environmental Leader has been making an effort to recognize the newest and most innovative products and projects to highlight all of the great things being done in the space.
From manufacturing, quality, and energy management software selection best practices and tips, to challenges with building the right culture, launching complex products, and attaining metrics visibility, the LNS Research blog covers a wide range of topics for leaders working to achieve operational excellence.
By 2040, the U.S. Energy Information Administration (EIA) predicts that worldwide energy consumption will have increased by over 50% from current levels and that the world's population will exceed 10 billion. And these are conservative estimates.