Miscellaneous Archives

Introduction From 2024 to 2029, the utility asset management market is expected to grow by up to 7.5%. [1] That's a considerable figure and a clear reflection of just how crucial asset management has become in the energy and utilities sector.  As more and more companies are beginning to have to navigate the challenges of aging infrastructure, increasing demand, and achieving their sustainability goals, effective asset management has evolved from a good idea to an essential part of the energy and utility industry. What Is Energy Asset Management? But what do we mean by energy asset management (EAM)? It might...

Introduction When it comes to running a facility smoothly, maintaining your equipment is a necessity. Many people fall into the trap of postponing equipment maintenance and thinking nothing will break, until it’s too late. Then, they have to worry about emergency repairs instead of predictive maintenance, which is less time-consuming and cheaper. Don’t even get us started on how much money you lose daily when you’re not using your machines.  In fact, a recent study reveals that 91% of businesses that use predictive maintenance reduce repair time and unplanned downtime. [1] And predictive maintenance is only one type of equipment...