$3 billion for retailers - how to get your share quickly and easily
TRANSCRIPT
$3 Billion for Retailers
How to get your share quickly and easily
Retailers can save $3 Billion by transitioning to a more granular approach to energy management
By monitoring devices (instead of full buildings or zones), ROI increases and the payback period decreases.
Can you picture $20 Billion?
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• $20 Billion is the value of energy used each year by the US retail industry
• $20 Billion is rumored to be the annual budget of NSA
• $20 Billion is roughly the GDP of Nepal
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There is a savings potential in the retail industry of roughly
$3 Billion (more than the GDP of Aruba)
Savings Potential
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A $3 billion industry-wide opportunity for savings (not to mention the potential environmental improvements)
is a big deal.
The Macro Level
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15% reduction in our $20 Billion energy use is $3 Billion. ACHIEVABLE SAVINGS
When we examine individual retail chains, we discover that excess energy consumption in retail can exceed
30 percent of total profits.
The Micro Level
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With solutions that promote energy and operational efficiencies, we can:
1. Do away with the waste
2. Gain visibility into the performance of all assets in retail stores as well as in distribution facilities and warehouses
3. Inject the savings directly to the bottom line
Putting it together
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To combat the energy-wasters within operations, retailers must attain visibility into their energy consumption.
1. Visibility 2. Analytics
First, uncover information about how each system and device utilizes energy.Only with this level of visibility can we start to understand the core of the problem and work toward a solution.
Then, use an advanced analytics system to aggregate the granular device-level energy data. Based on this information, analytics can reveal usage patterns and trends, benchmark sites, and identify maintenance issues before failures occur.
Finally, powered by data and insights, create processes that leverage this intelligence to reduce consumption across the retail chain (and increase corporate profits).
Energy: a Strategic Asset
3. Processes
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Challenges of Scale
Need:
Challenge:
Solution:
A long-term, positive effect on a retailer’s bottom line.
Scalable solutions for the entire energy ecosystem.
To gain the visibility necessary to understand the problems of the entire ecosystem, we must track, monitor and analyze each of its components.
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By using wireless sensor technology, we can observe the power consumption
per device, per location, per unit of time.
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Quick and effective state of the art technology for device-level monitoring
Snap 1 Connect 2 Set Up 3 Monitor 4
Solutions
Solving retailers’ pains
Detect lighting systems or LCD screens that operate after hours
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When retailers gain visibility into all devices, they can find wasteful systems and processes and eliminate this kind of useless consumption.
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Solving retailers’ pains
Be alerted to overrides or poor scheduling of Building Automation Systems (BAS)
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The BAS is good at controlling systems, but it lacks the monitoring capabilities that alert retailers to poor BAS scheduling and BAS overrides. By combining both systems, the Device Level Energy Management System and BAS work together to monitor and control all systems.
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Solving retailers’ pains
Shift to predictive maintenance schedules to improve operational efficiency
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Predictive maintenance that is based on data from energy usage profiles reduces equipment failure and downtime, as well as resources spent on unnecessary preventative maintenance.
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Discover overconsumption, idling or under-consumptionUnveiling systems that are poorly functioning alerts retailers to waste and warns them of impending equipment failures.
Solving retailers’ pains
Get updated about inefficient equipment or behavior
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Many retailers do not understand why their month-end utility bills are so high. With device-level information, retailers get real-time alerts about energy waste or off-hours consumption and can easily pinpoint and resolve problems with efficiency.
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Solving retailers’ pains
Benchmark and compare similar systems and locations
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By comparing the energy profiles of similar equipment or branches, retailers can find anomalies that, when fixed, result in energy savings.
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Solving retailers’ pains
Identify and correct underperforming locations/systems
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Data about specific devices and locations is aggregated to show trends and reveal actionable insights to repair weak links in the retail chain.
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Solving retailers’ pains
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Energy monitoring in real time, allows companies to make same-day decisions to eliminate sources of waste before they incur the costs
Solving retailers’ pains
Track the effects of maintenance or retrofitting: Maintenance or retrofitting endeavors can be monitored to determine their total cost and ROI
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Increase equipment life, decrease maintenance costs and eliminate equipment failures: With real-time data to drive retailers’ decisions, optimizations to equipment life, reduction to maintenance overhead, and costly failures combine as operational efficiencies that could not be achieved otherwise.
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The Payoffs
1. $3 billion savings potential if the retail industry optimized energy efficiency by just 15%. 2. Optimized performance of all critical systems.
3. Reducing energy consumption increases profits. 4. Improve operations and maintenance processes.
5. Brand loyalty and goodwill.
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For More Information visit our website:
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www.panpwr.com