The use of electric vehicles is very popular in the western countries such as the USA, Germany and Netherlands as a way to curb carbon emission.
The whole world will soon switch to electric cars and Kenya will not be left behind. This is after the Kenya Electricity Generating Company (KenGen) stated it’s plans to develop electric car charging station facilities in the country. The company’s Strategy and Innovation Director David Muthike also stated that they are ready to support electric PSV’s and they are now looking into manufacturing the said electric car charging systems.
During a webinar spearheaded by the Energy Society Kenya, Mr Muthike stated, “The case to have electric vehicles is there and KenGen is ready to support that with renewable energy.” “On innovation, we are exploring to participate in manufacturing and we have also rolled out charging infrastructure with a pilot within our premises.” He added.
However the location of the first phase of the charging station construction was not revealed during the webinar. This will be a great source of revenue for KenGen from owners of electric cars. Although this will be dependent on whether the technology will pick up well in the country.
The energy space is a unique one by all definitions of the term. This space is one of the very few professional occupations where the professional in question has to sell an element of faith to the client. The profession requires engineers to adequately communicate the potential of their recommendations in a way that bridges the gap between the “absolutely technical” and the “oversimplified.” This is no small fete and as such requires an element of vulnerability on the engineer’s part. I know, sounds a little far-fetched, but let me explain.
The potential client’s perception of what energy engineers do is varied across the board on the get-go and includes a few inaccuracies. Most clients think of us as maintenance personnel. Spoiler alert, we are not. Others think of us as representatives of the regulator. Well, we kind of are, but it’s not that simple. What most perceptions have in common is that we are seen as “magical creatures” who can lower your bills. I’d like to think that is true, but again, it’s not that simple.
The rather obscured reality between who energy engineers are and what society thinks of them draws us closer to why vulnerability is crucial to this field. Whenever an energy engineer submits a report, calculates potential savings, or costs an installation, the engineer puts his or her name on a document containing a promise of savings and trusts that the training and experience gathered over time is enough to predict an eventuality of reduced costs. We open ourselves up to criticism through all we do. This needs a great deal of vulnerability. The right kind that allows us to open up and make promises based on training and trust that the client will follow the steps laid out and achieve the predicted savings.
This assertion is especially true considering the wide variety of professionals energy engineers encounter. These professionals work with Engineers potentially more experienced in their respective fields than they are, accountants with years of expertise under their belts, and executives who have earned their place in the professional world. Each job means these engineers have to relearn multiple disciplines fast to apply their expertise for potential savings. As such, energy engineers have to be willing to make mistakes and learn from professionals in their respective fields. This field is one of the very few where engineers have to be willing to learn from the client’s expertise which requires a lot of humility and vulnerability.
However, the level of trust meted out by clients on energy engineers is astonishing. The experience I have gathered shows that because energy engineers are willing to be vulnerable, most clients attach a level of trust not common to similar fields considering the nature of professional energy management. As such I find vulnerability crucial as it helps energy engineers learn, grow, and be confident enough to provide depictions of what is possible in energy management.
To get more insights into what vulnerability means for professionals in the energy space both work-related and in their personal lives, I asked members of the Eenovators LTD staff to watch a TED talk on The Power of Vulnerability by Brené Brown. I then asked them to share their thoughts on the topic cutting across the professional space into personal implications. Here are some of their responses.
My biggest take-home from the Brene Brown TED Talk on the Power of Vulnerability has been the 3C’s. There were tons of taking homes and I totally enjoyed every moment of the 20min with each concept speaking to me, but this one spoke to me the loudest. That people who have a strong sense of love and belonging and a sense of worthiness are Whole Hearted people who truly believe that they are worthy of love and belonging. I pondered over that for a moment and got a strong conviction that I want that!
That I want that for myself and my life! That I want to be wholehearted! This new concept/addition to my vocabulary has stuck with me. I have found that this is something I want to aspire to. I want to grab a hold of. I want to be wholehearted, I want for my children to be wholehearted too. I want them to have the 3 C’s – to have the courage to be imperfect, the Compassion to be kind to themselves first then to others and to have real Connection in life as a result of authenticity and living authentic lives. To have comfort in their discomfort. And the way to have them have that is to raise them like that. And for me to raise them like that I need to be like that, because I cannot give what I do not have. And so from now until year-end, I am revising my goals and re-prioritizing to have Whole Heartedness driven by the 3C’s right at the top of my list!
Be myself. I should not try to be like others, copy or imitate others as this will subject me to vulnerability. I have found myself in such a situation before and it didn’t work well. But in our everyday people we try to copy/imitate people whom we think are doing very well, and since we are unique in our own way and can never be like them; we soon get exhausted and frustrated, and vulnerability comes in.
Everyone is vulnerable-It how we treat this vulnerability that will determine if we shall reap positive or negative results. And that’s what makes the difference between those who have a high self-esteem and those who have low self-esteem. I am now working to embrace the positive side of vulnerability
Having watched the video, I learnt connection with other people is very important and that with shame and fear, that we feel sometimes brings about disconnection and that we should be willing to do something regardless of the outcome. As an individual, I have let go of great opportunities because of feeling that “I am not good enough” and from this video henceforth, I learnt that I am enough and I can do anything with just some courage, becoming open-minded and accepting that I am vulnerable just like everyone else.
I first encountered Brene Brown when a friend was talking about her book on shame. I was curious to hear about someone who had broken down the emotion we all try and hide. Her Ted Talk on Vulnerability was profound for me because it gave me the antidote to shame. What stood out for me from the talk was that you cannot numb the negative emotions of shame and fear that come with vulnerability and experience joy, love and belonging. They come as a package. As we all strive to become wholehearted people, we must be willing to be vulnerable, embracing both sides of what it brings.
Is Kenya going nuclear? Well definitely yes and this is after Kenya’s nuclear agency submitted impact studies for a $5 billion power plant, and said it’s on target to make and begin operation in about seven years.
According to the report on the National Environment Management Authority’s (NEMA) website, the government is planning to expand Kenya’s nuclear power capacity fourfold by 2035. The document is ready for public scrutiny before the environmental watch dog can approve it, and pave the way for the project to kick start.
President Uhuru Kenyatta wants to revamp installed generation capacity from 2,712 megawatts as of April to improve manufacturing in East Africa’s largest economy. Kenya expects peak demand to top 22,000 megawatts by 2031, partly because of industrial expansion, a component in Kenyatta’s Big Four Agenda.
The report also indicated that the nuclear agency is now assessing technologies to identify the perfect reactor for the country and a site in Tana River County, near the Kenyan coast was preferred after studies across three regions. The plant will be developed with a concessionaire under a build, operate and transfer model.
The total cost of installing a complete Solar PV system is determined by various factors. In today’s blog post I will take you through these various factors that will determine how much you will spend on an installation.
Your Home’s Energy Use
The electricity demand of your home will determine the size of Solar Pv to be installed. The bigger the demand the bigger the PV system which means you will have to pay more and vise versa.
A house that has appliances such as water heater, stove, air conditioner and heater, washing machine and clothes dryer, gaming systems, computers and home entertainment systems, will have a higher demand of electricity therefore will have to pay more to have a bigger solar PV system that can feed all the needs.
On the other hand, if you are not planing to be completely dependent on Solar PV the grid can be fed into some of the lines that consume more electricity.
Model of Solar Panel
The different models of solar panels are priced differently and therefore this is also a factor that will determine how much the overall cost of installation will be. As of today there are only three types of solar panels, namely:
Monocrystalline cells solar
Polycrystalline cells solar
Thin film solar
If you live in a state where there are incentives for residential houses Solar PV installations then you are lucky as this be a positive factor. You will pay less for an installation.
If your locality is mostly cloudy you might need to invest on a larger Solar PV system to avoid shortages in power supply. You may need more solar panels mounted on the roof. This will also determine the amount of money you spend on a Solar PV installation.
Other Installation Related Costs
To mount solar panels on the roof you will need racks and these will add to the cost of installation. You will also need to pay labor costs to the installer.
For the solar panels to work you will need other accessories such as an inverter and batteries which will again add to the cost of installation. There may also be additional costs for instance transport charges, local permit fees (where applicable), inspection fees and taxes.
Choice of Installer
When it comes to Solar PV systems installations it is very important that you only contract qualified personnel to do the job. Hire someone who knows what they are doing to avoid losses or any unnecessary additional costs on the installation.
Now that you are aware of the factors that will affect how much you spend on a Solar PV system, you are good to go. To know the exact price of an installation, you need to contact a qualified installer for sizing and quotation. Contact Eenovators Limited through firstname.lastname@example.org
The current increase in pollution has greatly contributed to climate change, therefore, there’s need to shift to clean and renewable sources of energy. There exists several sources of renewable energy. However, whenever renewable energy is mentioned, we quickly think of solar energy, perhaps due to is popularity among many people.
There are other renewable energy sources such as biomass energy which is generated from plants e.g. corn & animal waste such as cow dung. It is renewable in that we can grow crops and trees over & over again.
Biomass energy can be obtained in 3 ways:
Burning- burning biomass generates heat which can be used to heat homes or create steam which can then generate electricity
Biofuels- crops such as sugarcane can be converted into a biofuel known as ethanol. This can be to used fuel cars. In addition, vegetable oils and animal fats can generate biodiesel which can be used as heating oil and also to power vehicles.
Methane gas- rotting biomass generates methane gas which can be used to make natural gas which is a common source of energy.
Biomass and the Environment
Despite the fact that it is renewable, generation of biomass energy has several negative impacts on the environment. Some of these include:
If not checked, can lead to deforestation when trees are cut to generate wood fuel
Air pollution from burning releases greenhouse gas such as CO2 into the atmosphere
The land cleared for growing corn and sugar cane can reduce habitats and destroy ecosystems
Opportunity cost whereby the land used for growing biomass could be used to grow other crops for food
Planting of crops and trees require use of fertilizers and other chemicals that can cause water pollution
In conclusion, although biomass energy is renewable, it could also have adverse effects on the environment and there is need to come with a ways to strike a balance between the two.
Just a few months ago Kenyan motorist were all smiles when the fuel prices had gone down. Unfortunately for them, these smiles will not last any longer as fuel prices have been hiked by quite a huge margin.
The changes announced by the regulator showed that Petrol will be sold at Ksh. 100.48 per litre, Diesel will be sold at Ksh. 91.87 while Kerosene will be sold at Ksh. 65.45. Just last month, the price of Petrol, Diesel and Kerosene was Ksh. 89.10, Ksh. 74.57 and Ksh. 62.46 respectively.
According to the Energy and Petroleum Regulatory Authority (EPRA), the rise in prices has been brought about by increased landed costs for the products, 12.64% for petrol and 32.16% for diesel. However, the regulatory authority also indicated that this increase in fuel prices is only temporary.
“The changes in this month’s prices are as a result of the average landed cost of super petrol increasing from $248.21 per cubic metre in Mayu 2020 to $279.58 per cubic metre in June 2020, and Diesel increasing from $228.62 per cubic metre to $302.15 per cubic metre to $126.39 per cubic metre,” EPRA Director General Pavel Oimeke.
This is a huge blow on the motorists. Especially the Matatu sector. Due to the COVID-19 regulations they have incurred huge losses some of them having to shut down their businesses and others not making enough revenues to sustain them and now another burden has been dropped on their shoulders.
In the run up to World Energy Day 2020, The World Energy Day Secretariat has been running online discussion forums dubbed The Energy Professionals Round Table. These are monthly events that are designed as a series of Energy conversations leading up to the World Energy Day Conference 2020 that brings together Energy Professionals from around the continent.
The overarching theme for the World Energy Day Celebrations 2020 is “The Future of Energy in Africa: Innovation |Efficiency |Interoperability” and these discussions are a precursor towards conference papers and resolutions at the conference in October. Three successful round tables have been held on 24th April, 29th May and 26th June respectively with the themes:
The Effect of COVID19 on the Energy Economy in Kenya – that sought to highlight and discuss challenges faced and propose mechanisms for change.
Emerging Considerations for the Energy Sector in Africa – Charting a Path towards the New Normal; that sought to discuss the evolution of the Energy sector, adapting to change and reengineering a positive way forward
Optimizing Energy Efficiency and Renewable Energy for Commercial and Industrial Clients – Catalysts for Growth; that sought to provoke discussion around the role of energy management – both efficiency and clean energy towards delivering corporate and business objectives
Attendance at these events has continued to grow exponentially and has been drawn from a regional audience including Kenya, Tunisia, Nigeria, Uganda, and South Africa from varied energy sectors including renewables, energy consultancy, Government bodies, academia as well as other non-energy consultancy fields such as accounting and marketing.
Various pertinent and reflective discussions have been held with Energy Professionals challenged to dig deeper and yield positive results for the industry. The overarching objective being delivery on Sustainable Development Goal 7 that aims to ensure access to affordable, reliable, sustainable and modern energy for all. The discussions have been hinged around 10 key areas including:
The reality of Covid -19 on the ground for energy professionals with specific reference to energy activities
What Energy Professionals must do differently in light of the COVID-19 Pandemic
Exploration of resilience mechanisms the country can build to ensure energy efficiency and clean energy initiatives bear minimal setbacks
The changes needed around existing Energy Plans based on the lessons learned so far
The new possibilities for the Energy Sector in Africa Post Covid-19
Key learnings the Energy Sector in Africa must embrace to nimbly adapt to change
New assumptions the energy Sector in Africa must base decision and policy making
Tangible benefits the commercial and Industrial sector reap from Energy Efficiency and Renewable Energy
How businesses can embed the energy agenda in their overall Corporate Strategy
Energy Professionals as advocates for inclusion of the energy strategy in the overall strategy by the C-Suite
The Round Table Series has hosted a panel of eminent speakers who have taken time to prepare and share insights and highlight energy matters of importance around the continent. This has cascaded into a series of energy issues being raised, questions asked, innovative ideas highlighted, and ultimately practical action steps deliberated for action. The speaker hall of fame for the three Energy Round Tables held so far include:
An energy efficiency expert based is South Africa. She is a certified carbon reduction manager with over 12 professional certifications in energy, carbon and sustainability qualifications.
She bagged the Sub-Saharan Africa Region – Energy Professional Development Award from AEE in October 2019 and the Female Energy Professional of the Year from the Southern African Energy Efficiency Confederation (SAEEC) in 2018
An expert in Environmental, Renewable Energy and Energy Efficiency based in Kenya. He has over 15 years of experience in the energy sector. For the last 10 years, he has worked as an expert exclusively in environment, renewable energy and energy efficiency-related sectors.
He is a certified energy manager and was among the recipients of The Association of Energy Engineers (AEE) 2012 Legends in Energy mark of distinction to qualified professionals
An accomplished energy consultant with over 10 years of broad and deep experience in the energy management and auditing, mineral process and mining operations, cement industry
He is a certified energy manager and Founder and current president of the Association of Energy Engineers Tunisia Chapter
He the current vice president of Energy Efficiency Association of Uganda (The AEE Uganda Chapter. He is a certified energy manager and a champion of advocating for the development, management, enforcement of and compliance with appropriate standards, codes of practice, regulations and policies that promote energy efficiency in the country.
Olakunle Owoeye is an electrical engineer, entrepreneur, and sustainable energy (energy efficiency and renewable energy) evangelist and the founder of Ecowatt Nigeria Limited. He was a Mandela Washington Fellow having focused on developing capacity in energy management and is a current national expert in energy management systems in Nigerian industries.
The CEO of Green Buildings and Design Group based in South Africa. She is Certified Energy Manager with over 16 years in energy efficiency and interior building. A board member of the South African Energy Efficiency Confederation and has contributed in development of quality standards used to govern energy efficiency and building codes.
Executive officer and senior energy advisor at Kenya Association of Manufacturers. He is a Certified Energy Manager with a vast experience in industrial energy efficiency programs and energy advocacy spanning over 25 years. He is passionate about energy knowledge skills and transfer in the commercial and industrial sectors
The Managing Director of Africa Solar Designs Ltd, an author a consultant advisor for GET. Invest. A pioneer in rural electrification and renewable energy in East and Southern Africa. He has experience in off-grid electrification in over 20 African countries and is a Certified Energy Manager and PV system designer.
These Energy Round Tables have proved to be a valuable resource for energy professionals around the globe with constant requests for different topics and areas of importance to be covered in the upcoming webinars. The webinar series will continue as Energy Professionals congregate with a view to working together towards transforming the energy agenda in this region.
Resource materials for the Energy Professionals Round Table Webinar Reports and Videos available on these links:
Water Auditing entails the assessment of the quantities of water used and saved in a given household, factory, commercial building, irrigation process etc. Water use is calculated and eventually measures to save water are identified. Water must be conserved and this can be achieved by conducting a water audit to identify areas of water wastage.
Benefits of Conducting a Water Audit.
Conducting a water audit comes with advantages and I will take you through them.
1. Be Aware of Your Water Usage
The very first benefit of water auditing is that it will help you be aware of your water usage. And through this you will then be able to come up with conservation measures that are best suited for your water usage pattern or process.
2. Preservation of Water Supply
For instances where one water source is shared by many, a water audit process will help in the conservation of the water supplied. The same will also apply when the water source is not shared. Areas of wastage can be easily identified and conservation measures put in place during a water auditing process.
3. Reduced Water Bills
After conducting a water audit and implementation of all the recommended water conservation measures, you only get to pay for what you use. This means reduced monthly water bills since no water will be wasted.
4. Know The Quality of Water
In addition to quantity, the quality of water used can also be identified during a water auditing process. This is a health related matter and therefore it is very important to understand the quality of water used in different process, for instance in a food processing plant or even at home.
5. Development of Water Storage Structures
Through water auditing a state is able to understand the water cycle and therefore can easily come up with the appropriate water storage structures such as dams, bunds, lakes etc.
6. Identify Critical Areas
Areas that need immediate attention can be easily identified and attended to only when a water auditing is conducted.
In some states it is mandatory to conduct water auditing. Conducting water auditing helps you adhere to the rules and regulations therefore being compliant.
How To Conduct A Water Audit
To conduct a successful water audit you will need to contract a qualified and certified water auditor. The good news is that Eenovators Limited is certified to conduct water audits. Drop an email on email@example.com for any further questions and discussions.
Conducting a water audit and then implementing the simple conservation measures can allow you save up to 40% of water. It is time to conserve our natural resources.
Contact Eenovators Limited today and they will walk with you every step of the way towards the water conservation direction.
At every onset of a new year, most people set resolutions, and energy professionals are not an exception. For many, these goals involve improving their personal lives and are mostly centered on improving their health and wealth. But, have you ever considered how much time you spend on your career? Do you set resolutions relating to your workplace?
For most energy professionals, engaging in growth and development activities is critical to ensuring that they remain competent and grow their careers in the energy industry. Bodies like the Engineers Board of Kenya(EBK), Association of Energy Engineers(AEE) and many others, would require that one earns a certain number of CPD points for their license to be renewed.
Despite these bodies that make it mandatory for professionals to constantly grow and develop themselves, it is our responsibility to ensure that we are always growing and getting better in what we do.
2020 has not been a very normal year and most people including professionals in different industries have been negatively affected by the effects of the Coronavirus. People have been working from home, and most activities have been put on pending due to the lockdown and other restrictive government directives.
As we get into the second half of the year and as many countries open up after the lockdown, most professionals are looking for ways to make up for the lost time and ensure that they make the best of the remaining time before the year comes to an end.
If you are looking to grow yourself professionally, engage deeply your work life and impact your place of work positively during this second half of the year, here are a few ideas that could help;
1. Creating a culture of mentorship
In every workplace, there are different professionals, some with a wealth of experience and yet they do not get an opportunity to put all the knowledge they have to work.
Taking a poll around your workplace to see what talents and skills people possess and whether they would be willing to share with others, can help a great deal. You may find people who are experts in different areas like renewable energy, clean energy, energy efficiency, and other fields, who would gladly welcome the chance to pass that knowledge on to others. Mentorship can make them feel good and improve productivity and confidence among those learning new skills.
It is always advisable not to limit people to skills directly related to work, either. Someone among the team may be great at playing musical instruments or a certain sport and can teach a few interested people. This could make a difference in somebody’s life.
2. Constantly Checking that everyone stays on track
Most companies create strategic plans which comprise their annual performance goals at the beginning of the year. Due to the effects of the Covid-19, some companies were not able to revisit these goals during the first half of the year.
As things normalize, it is important to revisit these goals and create a catch-up plan so as not to lose focus. Plan a strategy meeting at least once every month to ensure things remain on track.
It would be wise for team members to schedule a brief weekly meeting or every fortnight to review their progress or they can create a buddy system within their organization where 2 colleagues can constantly follow up with each other’s progress to ensure they remain in line with the set goals.
Should a team member realize that he/she is not executing tasks that are critical to their career growth, It is advisable to sit down with their supervisor to see if there’s a need to adjust some goals, or deliberate on other solutions.
3. Nurturing the skill of problem – solving
No one likes people who complain and no one wants to be known as a person who complains all the time. You will be more respected and feel more empowered if you can suggest a few ways to solve problems that are frustrating you and your team members.
As a professional and a team member, whenever there is a problem, try approaching your supervisor or manager with the problem and a proposed solution. This makes it easier for all of you and helps make the decision-making process so much easier. You also get to earn yourself respect amongst your peers and feel empowered for being a problem solver.
It is also important for team members to feel that they are a part of the team and that their opinion is needed and appreciated. This helps boost their morale and confidence as well as encouraging a positive attitude towards their work and their superiors.
4. Becoming the brand
Companies invest a lot of resources and time into building a strong brand. Employees need to realize that they represent their company’s brand whenever they are in public.
It is therefore good to be the best version of yourself whenever you are attending a conference, a social event, an association meeting, or even a trade show or a business dinner. Always keep it in mind that you are representing both yourself and your company and you ought to do it in the best way possible.
Do not forget that your presence on social media also speaks volumes about you and the brand you represent. Try sharing your expertise on LinkedIn, speak to business groups about your company’s products and services, and maintain your professional reputation every time you are on social media.
5. Ever heard people say that you should work smarter and not harder?
Most companies have invested in systems that ensure efficiency at work. For instance, we have systems like ASANA that help teams work together on a task and send reminders when a task is due, we have Hootsuite for social media activities, Calendars, and many other systems depending on what the business does.
All these systems are meant to ensure efficiency at the workplace and to help track the set goals properly. It is therefore beneficial to embrace and learn to use them as best as we can because they make our work easier and manageable.
Employees are encouraged to give suggestions or ideas that can help run things smoothly or make things easier for the team.
It is said that no one can go back and make a brand new start but anyone can start from now and make a brand new ending. Let us all put our best foot forward and make the best of this year. Or at least the remaining part of this year.
A delicate balance exists between energy and money. The easiest way to understand this relationship would be that energy costs money (The National Academy of Sciences, 2019). Beyond this monetary value, however, stands its cost to the environment, the prospect of sustainability, and national security, which may be difficult to quantify in cash, but I digress.
The same case applies to energy efficiency and renewable energy projects. A majority of the measures that have the potential to increase efficiency are quite costly, with the savings accrued in the long term providing sufficient incentive. It costs money to save money.
This delicate relationship brings in Energy Auditors and their accompanying field. Energy Auditors use skills acquired through training and experience to analyze energy consumption in a facility and recommend potential energy efficiency approaches. Typically, this profession draws from technically inclined skilled individuals with little experience in finance.
However, methods exist to provide a bridge through which Energy Auditors can communicate energy efficiency to potential financiers in a language they can understand. These involve financial analysis of energy efficiency projects. Most commonly, Energy Auditors use bulky excel spreadsheets for this form of analysis.
The Eagles Energy Financial Engine provides a massive advantage to energy professionals in working to translate energy efficiency projects into practical financial information. This tool is just one of several data science-based systems developed for energy auditing through the Eagles Program.
This tool uses inputs from energy efficiency projects and runs them through algorithms built in collaboration with internationally certified Energy Auditors and trainers. The result is a comprehensive analysis with accurate cash-flows. This result draws from the main questions potential financiers look for in determining the viability of projects.
For purposes of clarity, let us sample a project drawn from a recent audit performed through Eenovators Ltd. The project involves switching from fluorescent lighting to LED lighting.
In the mentioned audit, the auditor identified the sizes, ratings, use, and configuration of existing fluorescent lighting and calculated potential savings for making a like-for-like switch to LEDs.
The potential savings stood at approximately 29,323.06 kWh annually. The auditor found that the purchase of equipment for this project stood at KES 1,308,100. This data provides the basis for analysis through the Eagles Energy Financial Engine. Let’s fill the data in the engine.
The Eagles Energy Financial Engine is hosted online and available complimentary at no cost for use through https://portal.eenovators.com/financial_engine. The first tab provides a section for basic data into the Engine. This section involves adding data such as the project’s name, the facility’s average monthly bill, and the currency to use. The energy type allows the system to handle both electrical and thermal projects for financial analysis.
The next tab dives a little deeper. The section allows the
auditor to input information regarding the facility’s average tariff, the country’s
average inflation rate, and the minimal acceptable Rate of return shown as the
Additionally, the auditor can input and the annual energy savings in kWh or L of diesel if the project is thermal and not electric. The system also allows inputs for the project period, which is typically the life of the installation. Finally, this section allows input of the facility’s energy consumption in kWh.
The final section of this tool allows cost estimates. The cost of accessories, installation, and annual maintenance draw from the equipment cost as a percentage, as is the norm among energy auditors. These sections estimate the project’s initial and recurring costs.
The system provides a significantly accurate analysis to provide a conclusion based on the provided data. The first and most crucial section of the result identifies if the project makes financial sense. For this LED retrofit, the project makes sense, as demonstrated through the image below.
Additionally, the system generates a cash flow chart that, in turn, also estimates the break-even point for the project.
The final section provides a detailed view of the result of the financial analysis, including the IRR, ROI, NPV, and Profitability index.
The Eagles Energy Financial Engine is one of a significant number of tools available for energy auditors through the Eagles Energy Management program. This system translates energy efficiency into meaningful financial information crucial for energy auditing and implementation through financing. For more information on how the Eagles Energy Financial Engine and other brilliant Audit tools can work for you and your team, get in touch with us on +254(0) 791838959 or email us on firstname.lastname@example.org.
Feel free to try out the Energy Financial Engine through the link provided below and translate energy efficiency into actionable solutions for a better tomorrow.