Joshua Kuepper

Investing in renewable energies and infrastructure – but intelligently!

This podcast episode with RIZM addresses the challenge that companies are increasingly confronted with price volatility on the energy markets. At the same time, many are under pressure to produce in a climate-neutral way in order to achieve the climate targets they have set themselves. #Commitment At best, this requires a strategy that maximizes energy consumption when energy is cheap and green and minimizes it when it is not. However, this poses a difficulty, as production cannot be geared solely to the availability of energy. RIZM’s software helps to develop business cases that address these challenges. RIZM combines data from different areas such as production and energy supply in order to make more efficient decisions with the help of algorithms. The aim is to reduce energy costs and minimize CO2 emissions by identifying and exploiting energy synergies. In this way, RIZM helps companies to maximize their energy efficiency and operate more sustainably. Two practical projects are presented in the podcast: Schaeffler: Production at optimal energy prices Challenge: Schaeffler wanted to reduce production costs by shifting energy consumption to times when energy is cheap and available. Solution: The RIZM software was used to create a digital twin of the energy system. Improved production planning and active load management enable production when energy is cheap. Result: Without additional investment, Schaeffler achieved monthly savings of around 50,000 euros at one location. BMW: Optimization of investments in energy systems Challenge: BMW had high capital costs to achieve its climate targets and was looking for cost-efficient solutions. Solution: The RIZM software helped BMW to identify more cost-effective energy systems within their roadmaps and avoid unnecessary investments. The result: BMW was able to save a high three-digit million amount, which made it easier to achieve the climate targets.