Presenter, Terence Waldron, President of Waldron Engineering and Construction discussed last Wednesday at the NFMT Orlando Conference the economic benefit of applying combined heat and power to your data center to reduce operating costs. The session also touched on how to achieve savings through this energy source.
Let’s take a deeper look into how heat and power can save your facility money and if you are a candidate for this energy source.
Benefits to Combined Heat and Power
Combined heat and power (CHP) can offer a variety of economic benefits for large energy users. The economic benefits of CHP can include:
- Reduced energy costs: The high efficiency of CHP technology can result in energy savings when compared to conventional, separately purchased power and onsite thermal energy systems.
- Offset capital costs: CHP can be installed in place of boilers or chillers in new construction projects, or when major heating, ventilation, and air conditioning (HVAC) equipment needs to be replaced or updated.
- Protection of revenue streams: Through onsite generation and improved reliability, CHP can allow businesses and critical infrastructure to remain online in the event of a disaster or major power outage.
- Hedge against volatile energy prices: CHP can provide a hedge against unstable energy prices by allowing the end user to supply its own power during times when prices for electricity are very high.
The above mentions how to generate energy savings by participating in these practices, but then how can you monitor your assets to make sure they are performing in the best conditions? The answer is simple: EAM/CMMS.
Best Practices Using a EAM/CMMS
Implementing an EAM/CMMS enables property managers to build a data base of work orders and results so that an entire facilities assets can be reviewed, identify problem assets and schedule the appropriate frequency of inspections to minimize repair costs. This allows facility managers to recognize which assets are saving or costing them the most on energy and how to save even more.
A CMMS will record contract data such as vendor information, costs, terms, and hours of operation. Management reports identify assets that are being repaired too often or are nearing the point where it may make better sense to replace than fix. This information is crucial for better and more accurate capital budget planning.
Assets that are properly maintained with timely inspections and preventive maintenance last longer and operate more efficiently reducing the frequency of repairs both major and minor.
With proper EAM/CMMS implementation, property managers will know where there assets are at all times, their condition, their maintenance history and expected retirement /replacement.