Ground-breaking project wins prestigious award
Yorkshire Water and its partner Morgan Sindall Grontmij JV (MGJV) have been honoured at a prestigious awards event for developing pioneering technology being used at sites in South Yorkshire could save almost £1 million in energy bills.
The two companies won the Innovation category for their ground-breaking Remote Energy Visibility and Optimisation (REVO) product at the National Constructing Excellence Awards in London.
The technology allows the utility firm to understand which of its assets require the most energy and plot their use around the times of day when they will be cheapest to run.
Not only can this technology help identify which electricity tariffs will be most effective in reducing the company’s energy bill, the controls can also be used to identify the most efficient assets to run.
REVO will utilise the most cost-effective tariffs throughout the day and is projected to save almost £1million next year.
Paul Robins, Asset Solutions Manager, said: “We are delighted to have won the National Constructing Excellence award for Innovation with the “Starting a REVOlution” submission.
“It is fantastic for the company to be recognised nationally for the ground-breaking REVO product which allows us to optimise our energy consumption and demonstrates a reduction in energy costs. For everyone involved it is an extremely prestigious award.
“But it’s not only good news for us as a company, it’s also helping us to keep customers’ bills low by reducing energy costs and cutting down on our carbon emissions – which is really important for us as a company looking to take care of the environment.”
REVO is part of extensive Peak Tariff Management work which is being carried out by a whole raft of people from across Yorkshire Water.
The judges said: “This project identified a problem facing us all, costly energy consumption. This innovation has the potential to be viable as a commercial product not only to the water industry, but to any energy-intensive industry.”
Yorkshire Water hope to develop the commercial opportunities that the REVO software offers as it provides solutions to a number of industry-wide issues.