The results
Multi-period optimization reduced operating costs on the thermal energy storage operation by $100,000 per year. Clear recommendations of the optimal chillers and thermal energy storage operation were provided.
A North American district energy supplier, which provides reliable cooling and heating to 18 medical institutions, had changeable demand and variable supply costs. They needed a tool to better manage their energy assets and lower their operating costs.
Produce and distribute chilled water at a minimum cost while satisfying the highly changeable demand and variable electricity prices by leveraging the existing thermal energy storage.
Multi-period optimization reduced operating costs on the thermal energy storage operation by $100,000 per year. Clear recommendations of the optimal chillers and thermal energy storage operation were provided.
Feb 4, 2020
Achieving autonomous operations is all about empowering the plant to run, learn, adapt and thrive in tomorrow’s environment. Dynamic real-time optimization gives a fast automated response based on the actual changes in raw material properties, product demand, and operating conditions.
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Petro-SIM® and the OLI Alliance Engine digital twin mitigates operational risk, increases efficiency, and prevents revenue loss.
Read full articleMay 13, 2020
Sanjay Bhargava, Principal Consultant
Do you have an accurate representation of your plant to drive the right decisions in your organization at this critical time?
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