With industrial operations consuming 40% of global energy, executives worldwide are asking: Could smarter process flows trim both costs and carbon footprints? A 2023 IEA report reveals that process-related energy waste accounts for 12-18% of manufacturing expenses—a gap that’s both an operational headache and an optimization goldmine.
As renewables supply 34% of global electricity (IEA 2024), a pressing question emerges: How can we harness solar and wind power when the sun isn't shining or wind isn't blowing? This fundamental mismatch between energy generation and demand patterns creates a $12 billion annual loss in curtailed renewable energy worldwide. California alone wasted 1.8 TWh of solar/wind power in 2023 – enough to power 150,000 homes for a year.
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