"Energy Balancing" How to Use the Energy Balance Data You Have Collected TO MAKE FINANCIAL DECISIONS

Authors

  • Klaus-Dieter E. Pawlik Consultant Accenture

Abstract

This article extends the energy balance described in Part I of this
two-part series, “Analyzing Facility Energy Use: A Balancing Act,” pub-
lished in Strategic Planning for Energy and the Environment, Fall, 2001.
Once you know how much energy your various pieces of equipment are
using, you can then make informed decisions on what changes will
make that equipment operate more efficiently.
In this article, we describe ways to expand the basic energy balance
format to help select cost-effective energy saving projects. We also dis-
cuss the advantages of using various financial analysis techniques such
as Simple Payback Period, Savings-to-Investment Ratio, Internal Rate
of Return, and Net Present Value. We describe these techniques in an
extended energy balance spreadsheet.

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Author Biography

Klaus-Dieter E. Pawlik , Consultant Accenture

Klaus Pawlik is a consultant with Accenture working within the utilities industry. Klaus is the author of the Solutions Manual for Guide to Energy Management, Third Edition. Additionally, Klaus spoke on the topic of “Analyzing Facility Energy Use: A Balancing Act” at the World Energy Engineering Congress 2000. Klaus holds a master of business administration and a bachelor of science in industrial and systems engineering graduating with highest honors from the University of Florida.

While at the University of Florida, Klaus worked in the Industrial Assessment Center, leading teams of undergraduate and graduate students performing energy and waste minimization, and productivity improvement assessments for manufacturing facilities. Additionally, for two years, he assisted Dr. Barney Capehart with teaching industrial energy management.

Before attending the University of Florida, Klaus served six years in the United States Navy, where he worked as an electrical operator on nuclear power plants. For two of those years, he served as an instructor training personnel on the electrical operations for nuclear power plants.

You may contact the authors by e-mailing Klaus Pawlik at klausdieter. e.pawlik@accenture.com.

References

Pawlik, Capehart, and Capehart. “Analyzing Energy Use: A Balancing Act”,

Strategic Planning for Energy and the Environment, Lilburn, GA, Fall 2001.

Capehart, Kennedy, and Turner. Guide to Energy Management, Prentice Hall

White, Case, Pratt and Agee, Principles of Engineering Economic Analysis (4th

Edition), John Wiley & Sons, Inc., 1998.

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Published

2023-08-23

How to Cite

Pawlik , K.-D. E. . (2023). "Energy Balancing" How to Use the Energy Balance Data You Have Collected TO MAKE FINANCIAL DECISIONS . Strategic Planning for Energy and the Environment, 21(3), 58–80. Retrieved from https://journals.riverpublishers.com/index.php/SPEE/article/view/20391

Issue

2002: Vol 21 Iss 3 2001-2002

Section

Articles

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