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Energy Optimization Guarantees IRR

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The demand for energy is expected to double by the year 2050 driven by the growth of industrial energy consumption in the developing countries," shared Bakhtiar Wain, Avanceon CEO.  He was addressing an audience of manufacturers at a Forum on “Financing Energy Optimization Projects with Guaranteed IRR” organized in Lahore and Karachi on May 18th and 25th respectively.  He said that more efficient use, conservation and management of energy allow us to save up to 30% of the total industrial energy consumption. Bakhtiar further explained that 30% of energy savings on a global level would equate to saving one year of electricity from 20,000 coal fired power plants which in turn mean a 12 Gigaton reduction in annual CO2 emissions.
Save 5% on Energy

Avanceon had organized this forum for the purpose of enlightening industrialists about the advantages of energy optimization projects while discussing the financial options which will deliver a guaranteed return on investment. In his presentation Bakhtiar explained that a 30% reduction can be achieved by introducing Energy Management Solutions (EMS) at three levels: (i) installation of low consumption devices and power factor correction, (ii) optimization through automation regulation of plant operations and (iii) proper monitoring, maintenance and metering of installed systems through energy efficiency analysis software. Avanceon provides integrated energy management solutions to industry with its proprietary products iWater and iBoiler, along with data visualization solutions that provide complete energy usage information across the enterprise.

Distinguished business leaders present at the forum presented case studies that illustrated the application and benefits of energy optimization projects with reference to their specific industries. Peter Witherick, Head of Technical at Nestle explained how energy optimization projects using Avanceon's iBoiler and iWater solutions have helped Nestle to reduce up to 41% of their energy cost at their plants. Najam Saeed, Manager of Engro Fertilizer shared that his company is using Avanceon’s iWater application and the result is an IRR of 20% on total investment through savings achieved.  Riaz Khan General Manager of Agritech also briefed the audience on how he has been able to achieve annual savings of US$118K for his plant with the help of Avanceon’s Energy Management Solutions. He also spoke about the additional benefits of an EMS project that has reduced mechanical stress and improved uniformity of his process control systems.

Bikash Pandey, Deputy Chief of Party – USAID and the Director Clean Energy and Environment, Winrock International providing consultancy to Worldbank   also addressed at  the Energy Forum. He encouraged the industrialists to opt for energy management and optimization projects while describing their multiple benefits to their companies and to society at large. Referring to the Kyoto Protocol of 2005 he said that developing countries must reduce carbon emissions by 5.2% by 2012. He explained that Clean Development Mechanism (CDM) has been developed that has dual objectives of lowering the costs by reducing GHG emissions while supporting sustainable development initiatives within developing countries. He further explained that CDM is designed to make feasible those low-carbon projects which are currently not the norm in the particular market and which are not attracting adequate investment . He assured the audience of the World Bank’s support of Avanceon and that Avanceon’s innovative energy management solutions are in line with the CDM objectives and added that six energy projects are under consideration as part of Avanceon’s first CDM Program Activities for 2010.

Enercon, an attached department of Ministry of Environment Pakistan was represented by Farid Ullah Khan. Farid stated that there are extensive energy conservation opportunities in Pakistan and Enercon is ready to provide technical, financial and policy support to energy efficiency initiatives.
The events at Lahore and Karachi were well attended by over two hundred industry leaders of the country. While the foremost advantage of energy optimization is the saving of energy resources it also has a dramatic impact on profits of an industry. The audience at the forum discussed how industries are burdened because of the increasing cost of energy and in return profit margins are being reduced. The audience also discussed their apprehensions regarding investments in energy saving projects. It was explained by the speakers that investment in energy optimization projects can start giving returns within a year.  The program concluded with a consensus that we cannot stop the growth of energy demand however we can change the way we use energy and reduce CO2 and GHG emissions.

 

Avanceon's iBoiler featured on Industry Today

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Avanceon’s iBoilerTM, a New Energy Management Solution, is Featured on “Industry Today” on Industrialinfo.com

SUGAR LAND--October 9, 2008--Industrial Info Resources (Sugar Land, Texas) will host special guest Avanceon (Exton, Pennsylvania) as part of this week's "Industry Today" webcast. The webcast will introduce Avanceon‟s new 24/7 energy management service that will provide critical operational and financial information to plant personnel for their use in optimizing boiler performance and reducing energy costs.

Join Bob Zeigenfuse, CEO of Avanceon, USA, along with the host of Industry Today, and learn how this new energy management service, named iBoiler collects, stores and calculates critical Key Performance Indicators, enabling you to manage and improve your boiler's performance, save you thousands of dollars, and improve your bottom line and ROI.

“In a word,” explained Bob Zeigenfuse, CEO of Avanceon USA, “iBoiler is an invaluable reporting tool for characterizing, monitoring, and benchmarking boiler performance – the starting point for superior boiler energy management. It supports well-informed, real-time decisions that lead to the effective optimization of a boiler‟s performance and,” he continued, “is easily customizable to different operating conditions and provides secure, real-time information.

“For anyone interested in getting a handle on their plant‟s energy costs,” Zeigenfuse emphasized, “boilers are a good place to start. They are a major source of heat production and power, but they can also be „energy monsters‟ consuming huge quantities of fuel and electricity.” Other features of the iBoiler Energy Management Solution include real-time savings calculator; data archiving and history management; intelligent load-sharing recipes for multiple boiler operation; web-based interface; data logging, trending, alarming and statistical performance analysis; and remote troubleshooting of boiler and operational support.

Exton, PA-based Avanceon is a leading provider to manufacturers worldwide of engineering services and system integration solutions. iBoiler is the latest in the company‟s portfolio of energy management solutions provided as part of the company‟s Factory Support Services offerings.

The company is located at 640 Rice Boulevard, Exton, PA 19341. Website: www.avanceon.com

Click Here to hear this or any of the more than 320 previous "Industry Today" webcasts covering topics important to industry spending, including trends, outlooks, and focus segments on specific industries.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services.

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