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From Nigeria to China, London to Brunei, Australia to the U. S, organizations are putting the best fitting business models together to transform businesses and significantly reduce the costs of operations. Outrageous energy wastes put at risks existing business integrity and eventually hold the future of the business to ransom. Going by this, organizations are mobilizing great sense of actions to address this problem. And, the search for the best energy management continues as many companies struggle to identify the best approach.

With that being said, energy management has now become a necessary fraction of the business model. As reported by the Deloitte [i], half of the interviewed companies during the Deloitte Resources 2020 Study have energy management strategy integrated at the organizational strategy bottom hierarchy. By doing so, these companies are tightly monitoring their energy consumptions in order to explore costs reduction opportunities, reduction of emission, and system integrity.

Meaning, they are employing energy management strategies and, also, adopting a sustainable energy transition by employing renewable energy and energy storage. As said in the report [ii], these companies are systemically embracing utility activities to attain energy management target and consequently explore opportunities in an interactive utility electric system and developing market drivers.

While captains of industry are integrating energy management into their business strategies, the international standard for energy management has proposed a rule, a roadmap sort of, to guide organizations in the best energy management practice. The ISO 50001 rules out define regulations that organizations need to strictly follow in managing their energy consumption and savings. The ISO 50001[iii] is designed for organizations who are really devoted to changing reckless energy wastes within their system, reducing costs, maintaining impact, and upholding efficient energy management.

The ISO 50001, which proposes SMARRT approach, comprises the following requirements:

  • Establish an energy policy for more efficient utilization
  • Strictly follow the established policy and objectives to achieve target
  • For intelligent decision and better understanding of the energy consumption and use.
  • Monitoring and evaluation of results
  • Energy system performance evaluation
  • Continuous improvement of the energy management system.

Introduction to SMARRT

SMARRT is formulated with ISO 50001 to drive its core principles. The ISO 50001[iv] is designed for organizations who are really devoted to changing reckless energy wastes within their system, reducing costs, maintaining impact, and upholding efficient energy management. SMARRT provides a summary of these energy principles in a simple acronym, which partners and clients can follow. The global employment of the SMARRT formula is at the core of Max-MigoldLtd’s[v] service.

At the Max-Migold Limited,we partner with B.E.S.T energy to deliver top notch energy services. This professional partners of ours gathers BEST globally to provide high-quality service. Through this partnership, we have delivered best energy-saving services to our partners in Nigeria and around the globe.

5 sterling features of energy management

  1. Survey: The first feature of the SMARRT energy is survey which ensures a thorough on-site analysis using an exclusive mobile application.
  2. Monitor: Tracking energy waste using Eniscope.
  3. Analyze: Data-driven analysis using cloud-based system.
  4. Reduce: Both opportunity analysis and retrofit technologies could be saved by this practice.
  5. Review: Detailed reporting and exclusive analysis to guide decision making.
  6. Target: Sustainable performance by success verification.

The above features, if taken into full consideration, will help in saving energy and operational costs at large.

Benefits of energy monitoring

For ISO 50001 best practice

  • Predictive maintenance
  • Immediate response and continuous reporting
  • Green standards will be achieved
  • Legislation satisfaction
  • IoT-based devices and existing metering usage

According to a statistics[vi] electricity covers about 11% of the absolute energy consumption in the industry, followed by liquefied natural gas and other forms of fuels. The business pressure to save energy from client, investors, and industrial captains to support green world is continuously increasing. Therefore, it is very necessary for companies to outline energy management policy that will transform their businesses to the next level.

At Max-Migold, our number priority is to help clients reduce costs and energy wastes using best practices and technologies. Give us a call anytime and we will serve you efficiently.

This article is written by Harun Inuwa, the Chief Operating Officer Max-Migold Ltd. He can be reached via email.



[i] Smart energy management for industrials | Deloitte Insights

[ii] https://www2.deloitte.com/us/en/insights/industry/power-and-utilities/energy-study-of-businesses-and-residential-consumers.html

[iii] ISO – ISO 50001 — Energy management

[iv] ISO – ISO 50001 — Energy management

[v] http://energy.maxmigold.com/

[vi] https://www.eia.gov/totalenergy/data/monthly/

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