Industrial

energy
management
strategy
(Paper Reviews)

Tito Kurniawan 11/03/23

Insight

Industrial energy management strategy involves the development and

implementation of approaches to improve energy efficiency and reduce energy
consumption in industrial companies. It is essential for enhancing competitive
positions in the market and achieving strategic goals [1]. Energy management
practices play a vital role in enhancing industrial energy efficiency performance levels
[2].

Decision-making is a critical step in energy management program installation, and

factors such as market and non-market failures, lack of information, and perception of
risk and uncertainty can affect the decision-making process [3]. Implementing an energy
security strategy based on principles of integrity, systematicity, and considering the
interrelation between enterprise development, energy supply, and consumption is
necessary for modern industrial enterprises [4]. Effective mechanisms for increasing
energy security based on strategic management are needed to address external and
internal threats [5].
Paper 1
 Paper 1 Industrial Energy Management Systems
and Energy-Related Decision-Making
In this article, the authors discuss the impacting parameters on industrial energy-related decision-
making and behavior patterns with respect to the critical role of industrial energy management
systems, keeping in mind that allocation of the budget for any investment should not only have
financial conformation, but also a strategic value for the company.
Key Parameters for Industrial Energy-Related Decision-Making Lack of information, inadequate
knowledge, and the consequent increase in the perception of risk and uncertainty are potential
reasons for problems in the very first step of energy management program installation . The allocation
of the budget for any investment should not only have financial conformation but also a strategic value
for the company
Conclusions from the Paper Industrial energy-related decision-making is influenced by factors
such as lack of information, inadequate knowledge, and the perception of risk and uncertainty, which
can pose challenges in the installation of energy management programs . The allocation of budget for
energy-related investments should not only be financially viable but also strategically valuable for the
company
Energy management practices in energy-intensive
industries like the pulp and paper industry and the
foundry industry are important for achieving
economic growth and development. [ 1 ] Energy
conservation in these industries leads to economic
benefits by reducing the cost of production, as
energy forms a significant part of the total cost of the
product. Using energy-efficient technologies in these
industries can help reduce manufacturing costs and
result in the production of cheaper and better quality
products. [ 2 ]

Paper 2
 In this article, the authors describe and
analyze energy management practices in
two different energy intensive industries:
the pulp and paper industry and the
foundry industry, and discuss the
importance of energy management and
its benefits.
Energy conservation in energy-intensive industries like pulp and paper and foundry industry
leads to economic benefits by reducing the cost of production, as energy forms a significant part
of the total cost of the product. Using energy-efficient technologies in these industries reduces
manufacturing costs and leads to the production of cheaper and better quality products

Paper 2 Energy Management Practices in Energy

Intensive Industries
Paper 3
The findings of the paper "Strategy Context of Decision Making for Improved Energy Efficiency in
Industrial Energy Systems" are significant for several reasons: The paper provides an innovative
approach for decision-making in industrial energy systems to improve energy efficiency. The
approach formalizes the company's decision-making algorithms from the standpoint of energy
efficiency improvement as a strategic priority for development. The paper includes a set of project
selection rules that enable the transition from the set of implementable energy-saving and energy
efficiency improvement projects to the set of selected projects that will ensure the achievement of
the goals established by the company's management. The paper uses mathematical formulations
to describe the decision-making process and includes considerations for different types of projects
and their relationships. The paper provides practical examples of the impact of the energy-saving
and energy efficiency improvement program on the company's market share, workforce
productivity, product quality, and cost savings. The paper shows that the program can increase the
company's market share from 20% in 2018 to 28% by 2021 and can result in cost savings of USD
0.233 million per year. The paper concludes that the consideration of monetized multiple benefits
can reduce the payback time of measures to improve energy efficiency.
Paper 3 Strategy Context of Decision Making for Improved
Energy Efficiency in Industrial Energy Systems

Overall, the findings of the paper are significant because they provide a comprehensive approach for decision-
making in industrial energy systems to improve energy efficiency and achieve strategic development goals. The
practical examples demonstrate the potential impact of the approach on the company's market share,
productivity, quality, and cost savings. The paper's conclusion highlights the importance of considering
monetized multiple benefits when implementing measures to improve energy efficiency.

The document discusses the impact of considering monetized multiple

benefits on the payback time of measures to increase energy efficiency. It
states that such considerations can reduce the payback time by 40% to
85%. The document also mentions another study that supports the idea
that investments in energy efficiency can significantly affect the growth
and competitiveness of medium and small enterprises.
Thank you.

titokurniawan@gmail.com