Tokyo, Feb 11, 2013 (JCN) - Yokogawa has added Soteica Visual MESA's best-in-class energy management and optimization solution services to its portfolio of plantwide energy management solutions (EMS).
Yokogawa will provide this new offering to its customers through its sales and service channels. Yokogawa has also acquired 44.3% ownership of Soteica Visual MESA to accelerate the joint development of EMS.
Manufacturers around the world are highly interested in, and have a strong need for, EMS that will help them consume less energy and reduce their manufacturing costs.
In addition, there is an increasing trend to optimize the mix of conventional and alternative energy sources used by plants, which can help to protect the environment by reducing the emissions of gases such as CO2 and NOx.
There are two components to energy management in plants. One is to make more efficient the supply and distribution of utilities, such as steam, electricity and fuel that are used by equipment in the main process, and the other is to optimize the energy consumed by the main process itself.
Yokogawa has a competitive edge in control systems and advanced control solution packages for main processes, and helps its customers save energy by optimizing operations at their plants.
At the same time, the company has lacked EMS for utilities that can be used to achieve the optimum mix of conventional and renewable energy sources, based on factors such as process operating conditions and energy prices, and has had to devise solutions for such requirements on an ad hoc basis.
For this reason, Yokogawa has decided to partner with Soteica Visual MESA, a global technology leader in the EMS field that has worked closely with major oil companies and has a strong track record in the oil industry.
The partnership will allow Yokogawa to sell Soteica Visual MESA's well-proven Visual MESA energy management and optimization solution package, extending the range of solution services that it is able to offer to its customers, and allow Soteica Visual MESA to expand its sales of Visual MESA through Yokogawa, with a particular focus on Asia.
Visual MESA is capable of reducing annual energy costs by approximately 2% to 5%. There are approximately 3,400 plants worldwide with $40 million or more in utility costs each year that could benefit from Visual MESA and obtain a return on their investment in one year or less, and Yokogawa will initially be targeting these facilities.
Copyright © 2013 JCN. All rights reserved. A division of Japan Corporate News Network KK.
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