Benefits for participating companies
The energy audit includes the assessment of the industrial process, site visits, measurements and analyses. It is partly supported by Reem personnel, and the results of the audit are summarized in an executive report, following Reem standards, that is shared both with the participating companies and Reem.
The cost of the audits is fixed in the empanelment terms and has to be paid by the participating company to the auditor. Financing facilities to pay for the cost of the audit are available through local supporting financial institutions, and details can be provided by Reem upon request.
The initiative also comprises a knowledge sharing platform that includes:
- Workshops with experts and suppliers, as well as with other local industrial companies, to showcase best practices and state of the art technologies and solutions;
- Benchmark studies per sector that will be published after a sufficient number of audits has been carried out in the sector.
Finally, participating companies will also benefit from assessments, by providers of common processes and technologies across industries (e.g. compressed air, electric motors, etc.), which will help identify collective solutions to improve the overall energy efficiency of the industrial sector.
Requirements from participating companies
In return for the above benefits, participating companies are required to report to Reem on a yearly basis an energy action plan, showing progress vs. the main energy conservation measures identified in the audit. Part of the plan is an energy consumption report, providing information on the overall energy consumption trends of participating companies.