18 May, 2024

Driving forward industrial energy efficiency is key to meeting net zero targets

13 November, 2023

Manufacturers have been hit by soaring gas and electricity prices hitting record highs, leaving businesses desperate to cut their energy use, according to a new report Driving Industrial Energy Efficiencies, published today by Make UK and Inspired PLC. The new research delves into how energy-efficient practices and technologies can help companies save money and boost productivity while at the same time moving towards their Net Zero targets.


Net Zero is a priority for 92% or businesses and 68% have already made investments to start on that journey with two-fifths (22%) planning to in the next 12 months

Over the past two years, the cost of energy has been highly turbulent, exacerbated by an increase in operational costs. This has left manufacturers forced to operate with a significantly reduced margin, making introducing energy efficiency projects an attractive proposition.

Today’s report shows that businesses have been taking a two pronged approach reducing energy consumption, from low-cost, low effort measures to more costly investments which deliver equipment and process upgrades. Simple steps such as getting the right energy supplier and securing an advantageous contract is critical. Monitoring energy use through smart metres and sub-metering can further cut consumption, providing more granular detail of unnecessary use. One rubber compound manufacturer saved £62,734 through a better energy contract and over £48,000 by reducing waste through circuit-level (sub-meter) monitoring.

Equipping plant machinery with meter reading tools or sensors, can offer real time data access by connecting it to the cloud (Internet of Things Technologies), enabling faults to be spotted as they happen. Implementing Voltage Optimisation, which only allows the exact amount of energy a business needs to be brought in from the National Grid, can also make significant savings. While overhauling compressors – which account for 10% of all industrial energy used - can cut energy consumption by 50%.

One energy intensive company which galvanises plant equipment introduced digital controls to deliver variable on-demand power to its furnaces, saving £400,000 on energy bills and reducing its carbon output by 1000 tonnes.

Faye Skelton, Head of Policy at Make UK, the manufacturers’ organisation said: “Britain’s manufacturers have made significant steps to cut carbon emissions and move towards Net Zero. But in order to supercharge that journey, business needs Government to play its part in driving the process forward.

“To that end, Government needs to commit to introducing a National Advisory Energy Service similar to the model of Made Smarter which helps SMEs digitalise their production processes. This should provide smaller funding to companies of up to £20,000, include an energy audit, sub metering and an implementation plan as well as helping businesses access the right funding.

“We need to see also an immediate extension of the 12 months of 100% business rates relief on green plant machinery and equipment and building improvements to three years to reflect the business payback period.”




Events
 
Buyers' Guide Search
 
Search for UK supplier by name
Browse by Product Group.
Magazine
APRIL/MAY 2024To view a digital copy of the APRIL/MAY 2024 edition of Hydraulics & Pneumatics Magazine, click here.

For a FREE subscription please click here

To visit the Library for past issues click here

MARCH 2024 IssueTo view a digital copy of the MARCH 2024 edition of Hydraulics & Pneumatics Magazine, click here.

For a FREE subscription please click here

To visit the Library for past issues click here

JULY/AUG 2023 Issue inc. BUYERS' GUIDETo view a digital copy of the JULY/AUGUST ISSUE of Hydraulics & Pneumatics magazine that includes the ANNUAL BUYERS' Guide for 2023, click here.

To visit the Library for past issues click here

BFPA YearbookTo read the latest BFPA Yearbook, click here ..
BFPA Training AcademyClick the image to go to the BFPA Training Academy website
Compressed Air & Vacuum Technology Guide 2018To read the official BCAS Compressed Air & Vacuum Technology Guide 2018 click here
Offshore Europe Journal
Newsletter
 
Newsletter