ESOS Blog

Mitigating Energy Project Risks

January 17, 2017

Implementing Energy Saving Opportunities  No. 09

Mitigate risks by ensuring the appropriate due diligence is carried out during the scoping, project planning and procurement stages. Some common risks and suggested mitigation:

 

Project over-spend 

  • Include a realistic contingency in project costs.

  • Track spend and implement regular project review meetings.

Savings lower than projected 

  • Review assumptions made by suppliers and or check they are appropriate.

  • Monitor energy consumption of project to identify drivers for reduced savings.

Quality of performance of new plant (especially quality in a process) 

  • Check performance claims by following up customer references provided by suppliers.

  • Train all relevant staff to operate new equipment and update operating procedures.

Poor commissioning 

  • Factor in time in your implementation plan for commissioning to take place.

  • Ensure effective commissioning is included in the price quoted.

  • Secure after-sales support.

In our next newsletter we will discuss:  How to Convince Decision Makers 

 

Our national team of energy engineers are ready to undertake the design, implementation, monitoring, and financing of identified energy reduction measures on your behalf. Please contact us to register your interest. 

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