Energy Management

Energy Management

• Energy management is a process by which a sector or an organisation can effectively manage how much energy they produce and how to control, monitor and conserve as much energy as they can while also generating enough energy to meet their demand of energy.

• Energy management is the process of tracking and optimizing energy consumption to conserve usage in a building.

• Energy management is a process that not only manages the energy production from different energy harvesting resources (solar, nuclear, fossil fuel) but also concerns optimal utilization at the consumer devices.

• Energy management is the means to controlling and reducing a building's energy consumption, which enables owners and operators to :

a) Reduce costs - Energy represents 25 % of all operating costs in an office building.

b) Reduce carbon emissions in order to meet internal sustainability goals and regulatory requirements.

c) Reduce risk - The more energy you consume, the greater the risk that energy price increases or supply shortages could seriously affect your profitability. With energy management solutions, you can reduce this risk by reducing your demand for energy and by controlling it so as to make it more predictable.

• There are few steps for the process of energy management:

1. Collecting and analysing continuous data.

2. Identify optimizations in equipment schedules, set points and flow rates to improve energy efficiency.

3. Calculate return on investment. Units of energy saved can be metered and calculated just like units of energy delivered.

4. Execute energy optimization solutions.

5. Repeat step two to continue optimizing energy efficiency.

1. Energy Conservation

• Energy conservation means reducing the consumption of energy by producing or using less of it.

• Energy conservation is “the prevention of the wasteful use of energy, especially in order to ensure its continuing availability”.

• Energy conservation is achieved when growth of energy consumption is reduced, measured in physical terms.

• Energy conservation can be the result of several processes or developments, such as productivity increase or technological progress.

• Energy conservation and Energy Efficiency are separate, but related concepts.

• Energy Conservation is the deliberate practice or an attempt to save electricity, fuel oil or gas or any other combustible material, to be able to put to additional use for additional productivity without spending any additional resources or money.