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The CECO Energy Management Team released a new downloadable presentation (www.cecoenviro.com) detailing the cost impact of wasted energy in industrial buildings and processes, and explains the solution steps to reduce the energy component of manufacturing costs.
The presentation explains how seven-figure savings are easily attainable and justified, with payback periods of a year or two in many cases. The presentation shows how when energy costs are treated as a component of cost-of-goods-sold, it becomes easier to understand the importance of managing the cost, much like labor or raw materials.
The presentation states that 60-80% of a plant's energy costs typically go into the manufacturing process, representing massive opportunities for savings that go directly to the bottom line. According to the U.S. DOE, the manufacturing-cost component for energy will increase 50% in the next three years. The steps for managing process energy – assessment, analysis and reporting – are explained and supported with case histories.