Konektio eyes manufacturing ‘Impact’ with new release of energy and carbon saving solution for industry

2 mins read

One of the UK’s leading Industrial Internet of Things (IIoT) solution providers is set to help industry mitigate the rising cost of energy prices and support their sustainability goals with the release of its latest AssetMinder Impact SaaS (Software as a Service) solution.

Konektio, which saw its AssetMinder revenues double in 2022, has recently released the energy monitoring and carbon tracking platform that delivers real-time insights and improved management of energy savings across water, air, gas, electricity, and steam (WAGES).

Based at its new head office in Chesterfield, the company says that AssetMinder Impact will help customers across food processing, manufacturing, recycling and utility industries, where its existing solution already monitors and analyses thousands of live assets every day.

The new release could save energy intensive manufacturers and industrial customers 12% or more per year on their energy costs through rapid turnkey deployment, providing a deeper understanding of customer’s energy consumption and efficiency of factory equipment and field assets.

These insights provide the detailed information companies require to meet increasing carbon and ESG regulatory obligations, accelerating the drive to net zero.

“Impact is being launched in Konektio’s key UK, European and US markets, and comes at a pivotal time for manufacturers,” commented Peter Stephens, Konektio CEO.

“The UK government is in the process of finalising the details of its revised energy cost support scheme, which is expected to offer significantly less financial support, further impacting the sector.

“The continued energy cost uncertainty, combined with the increased requirements for carbon accounting, makes AssetMinder Impact a commercially essential choice for a margin-constrained industry.

“Industrial electricity and gas prices have risen by over 300% since 2021 and are forecast to remain at high levels at least through the first half of this year, meaning the current pain businesses are seeing with energy costs is not going away,” added Nick Leeder, Chief Commercial Officer at Konektio.

Three large UK industrial clients have been working with Konektio to finalise the enhanced capability of the Impact SaaS solution, emphasising the importance of frictionless deployment, real time alerts, detailed energy trend analysis, and easy-to-read dashboards for monitoring and aggregating different types of machinery and systems to drive rapid Return on Investment (ROI).

A simplified user interface and customisable dashboards, with relevant information that can be accessed by employees from the manufacturing floor to the executive team, were additional critical requirements to the analytics and historical data that can be used for ESG reporting, with integration into existing carbon reporting tools.

Rüdiger Stern, Chief Revenue Officer, continued: “Impact is asset and solution agnostic so can connect to existing metering infrastructure or new meters on all the customer’s assets. This means it can be deployed and reporting important data in just a few days, which is very attractive to our customers.

“The data generated can be used to make important decisions on the effectiveness of machines, whether maintenance upgrades are required or if processes can be changed to reduce energy whilst still producing the same volumes.

“Our experts, and trusted partners, are also on hand to deliver their knowledge and insights to maximise AssetMinder value, combined with industrial and manufacturing process and equipment expertise.”