Top Tip for AI-Driven Facility Optimization
- Carla Medina
- 20 hours ago
- 2 min read
Real-life Strategies for Achieving Cost-Effective Cooling, Heating & Power Facilities Management
"Delivering cost-effective and resilient utility services to a major research university in the Midwest presents significant challenges,” said Michael O’Connor PE, Director Energy Management, University of Missouri in a recent press release. Michael was discussing the approach for co-presenting at the Big Ten and Friends Utilities Conference at the University of Cincinnati with Thiago Bacic, Vice President of Infrastructure and Services, Radix North America.
The dynamic duo plans to share a use case on insights for “Identifying Peak Performance” by leveraging a data-driven approach to cost effective combined cooling, heating & power operations.
While a multifuel combined cooling, heating, and power (CCHP) system offers efficiency and cost savings, their operation can be expensive due to several factors. These include high initial investment costs, maintenance expenses, and fuel costs. Furthermore, the effectiveness of CCHP can be impacted by factors like fuel prices, energy demand, and the operation strategy.
Operating a CCHP plant efficiently is complicated by not only fluctuating fuel prices but variable MISO wholesale electricity costs, which impact equipment dispatch decisions. However, by analyzing historical operational and load data, it is possible to forecast optimal operating configurations that maximize efficiency without compromising system resiliency. Radix, a technology services company delivering innovative solutions to asset-intensive educational institutions and industries, will attend the Big Ten and Friends Utilities Conference at the University of Cincinnati from May 18 to May 21 to showcase real-life strategies for achieving cost-effective cooling, heating & power facilities management.
Optimizing Facility Management
Radix combines engineering, software development, automation, and industrial IT to deliver customized solutions tailored to a facilities’ specific needs. As a result, Radix empowers facilities with:
An implementation of an advisory system that leverages data to drive better decisions.
A capability for real-time tracking of fuel costs, demand, and weather conditions.
The conference brings together over 150 campus facilities operations leaders across North America to exchange ideas with utility, energy, and engineering professionals, and discuss emerging trends in campus utility operations to proactively improve the efficiency, maintainability and sustainability of facility infrastructure.
The presentation on Tuesday, May 20th, 10:30- 11:15am will include:
University of Missouri's Combined Cooling Heating & Power (CCHP) Operations Overview.
Complexity in determining the most cost-effective and resilient way to operate Mizzou's CCHP plant.
Radix's data-driven and machine-learning based approach to support decision-making through optimization and demand forecasting.
Operational gains and Business value, and next steps to enhance the solution.
“The solution combines a predictive system that forecasts energy consumption for the next hour and each hour of the following day with an optimization engine that determines the most efficient plant configuration to meet demand. This approach enables proactive decision-making, reducing operational costs while maintaining sustainability and staying within facilities management constraints." Thiago expanded further.
The facilities leadership community are invited to engage and collaborate at the joint presentation as well as at Booth 24 of the conference.
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