SAS
Adopting advanced data analytics and using the latest AI software can help manufacturers optimise their energy usage , often delivering double digit cost savings by shining a light on ‘ hidden ’ opportunities
KEY ENERGY CHALLENGES IN MANUFACTURING
The War in Ukraine is only one factor that has impacted energy prices . As the world emerged from COVID-19 restrictions in 2021 , supply of energy was slow to meet surging demand . Gas , electricity and oil all hit record highs .
When Europe ’ s over-reliance on Russian gas was exposed , and European Union nations tapped into LNG from other markets , that had a knock-on effect that drove up global prices as demand simply outstripped supply . It is basic economics in action .
Countries that had been turning away from fossil fuels and shutting down nuclear power plants were having to rethink their
56 October 2023