Challenge
Enterprises across the world are conscious of the need to manage energy consumption and reduce green-house gas (GHG) emissions. However, the scale and complexities of their operations pose a challenge in understanding the energy footprint and conservation opportunities. With increasing energy costs impacting the bottom-line, optimizing energy consumption has become critical to meet financial and sustainability goals.
TCS Solution
TCS Clever Energy leverages the power of IoT, AI and cloud for energy management. The solution acquires real-time energy (electricity, water, gas and steam) data across heterogenous systems to create an integrated global view of energy consumption across the enterprise.
With its in-built digital twin setup and AI-based predictive analytics of energy consumption, the solution enables real-time insights, forecasting of what-if scenarios, and acts as a decision support system.
The solution is scalable, helps monitor energy and carbon footprint, responds quickly to changes in the environment and tracks improvements in performance.
Benefits
- Reduction in energy consumption and carbon emissions by about 15%
- Rapid solution deployment within 8-10 weeks
- Return on investment of about 300%; early payback within 4-6 quarters
- Vendor/hardware agnostic data acquisition capability leveraging TDAMS
- Drives energy efficiency with in-built digital twin setup and energy data analytics
- Reduction of Scope 1 and Scope 2 emissions and shift towards carbon neutrality
- Savings verification complies with IPMVP standards
- Gain-share pricing model: Project pays for itself as pricing is linked to savings