Energy Efficiency Management
Why is this Important?
Energy management in an organization is very important to promote energy conservation and increase production efficiency. Reducing energy use does not only reduce an organization's costs, but it also has an impact on the environment and is an important part of reducing greenhouse gas emissions that causes global climate change.
EGCO Group expertly implements energy conservation in the organization through various methods to promote energy conservation and increase production efficiency. Using highly efficient fuels is one of the ways to reduce the amount of fuel used in an organization. In addition, smart energy management technology is used to monitor and analyze data to provide energy use data and continuously improve the efficiency of the system or work process.
In addition to using technology in energy management, EGCO Group also recognizes the importance of training employees in the organization to enhance their understanding of energy management, as well as encourage employees to participate in energy conservation initiatives. Effective training enhances knowledge and skills in using energy efficiently.
Effective energy management in an organization is not only about reducing energy costs. It is also an important part that contributes to the organization's sustainability and supports the reduction of greenhouse gas emissions that are a key factor to climate change at a global level.
Sustainability Material Topic: Energy Management
Stakeholder Impact on Material Topics
Media
Non-governmental Organization
Shareholders
Creditors
Contractors and Subcontractors
Business Partner
Community
Management Approach
Energy Efficiency Target & Performance
Long Term Target
By 2028
- Energy intensity of Natural Gas Plant (Below 1.88 GJ/MWh)
- Energy intensity of Coal Plant (Below 2.61 GJ/MWh)
2023 Target
Reduce energy intensity of Natural Gas Plant by 2% compared to baseline intensity in 2020.
2023 Performance
Energy intensity of Natural Gas Plant was reduced by 2% compared to baseline intensity in 2020.
Energy Efficiency Programs
EGCO Group is determined to enhance its overall internal energy management to be efficient by developing an energy conservation policy as a framework for energy management operation, which is a part of its greenhouse gas reduction operation. An energy management working group has been established to review, develop, and monitor the organization’s implementation of energy matters on a monthly basis. This includes conducting energy audits to identify opportunities for improving energy performance in accordance with ISO 50001: Energy Management Systems.
Apart from benefits to its business, improvement of energy consumption efficiency also has positive impacts on the environment. EGCO Group has continually implemented energy conservation projects within the organization to enable efficient energy consumption in the Company. These projects often involve actions to reduce the amount of energy use, such as the installation of digital inlet guide vane (IGV) optimization systems at the KEGCO unit 4 to enhance gas turbine efficiency, and the use of solar-powered street lamps at the EGCO Cogeneration Power Plant to improve lighting while reducing energy consumption. Furthermore, investments in innovation or R&D to decrease energy consumption are considered essential, especially in the development of Solid Oxide Fuel Cell (SOFC) and Solid Oxide Electrolyzer Cell (SOEC) technologies through a collaboration with Bloom Energy Corporation, aimed at supporting Thailand's carbon reduction efforts and the transition to hydrogen energy.
To ensure continuous improvement, EGCO Group regularly evaluates the progress in reducing energy consumption. The use of clean or green energy is promoted as part of this initiative. Additionally, energy efficiency training is provided to employees to raise awareness and foster a cultural change towards the operation of the systems and equipment responsible for substantial energy consumption.
Related Projects
Energy Conservation Project of EGCO Group’s Power Plants
View ProjectRelated Documents
Performance Data
Updated as of April 2024
The information reported above was prepared in accordance with the Global Reporting Initiative Standards (GRI Standards). It has been audited by an external party and has received limited assurance through the 2023 Annual Report.