Industrial organizations worldwide are facing significant challenges due to soaring electricity and fuel prices, posing a threat to the viability of energy-intensive businesses, particularly in Europe. Moreover, rising costs and risks associated with water scarcity, volatile raw material prices, and climate change pressures are prompting industrial companies to reassess their value chains. To address sustainability concerns, companies are setting ambitious targets between 2025 and 2050, emphasizing the need for high-quality data and effective utilization.
Amidst these challenges, utilities software, like GE Digital's Proficy, is proving instrumental. By leveraging existing technology and incorporating modern analytics, this software allows industrial companies to monitor, understand, and optimize resource consumption within their plants. It enables real-time tracking, correlation to operating conditions, and data-driven decision-making, resulting in substantial energy savings—up to 10% or more in the first year. Examples include a large automotive OEM achieving an 18% reduction in heating energy and a glass container manufacturer lowering energy needs and emissions by 80%. These solutions empower companies to benchmark, explain, and improve utilities consumption, helping them meet sustainability goals, reduce costs, and enhance overall efficiency.