Energy intelligence is about optimising lifecycle costs and ensuring efficiency, which can be done by using all assets in the most efficient and sensible way. However, this is not always enough. Being able to guarantee the reliability as well as efficiency of the power plant – and to ensure that the plant reaches the agreed performance targets – is becoming increasingly important. Digital technologies, data intelligence and human expertise play an important role in making all this possible.
There are many ways to improve the energy efficiency of a power plant – from an upgrade of a single component to a complete lifecycle solution that includes asset performance guarantees and jointly agreed KPIs for measuring success. In today’s power generation, the use of renewables as a method of increasing energy efficiency is also increasing.
This Business White Paper illustrates the role and importance of performance guarantees when considering the ways of improving a power plant’s energy efficiency during its whole lifecycle.