Energy Asset Management & Upgrades
We manage and improve the performance of energy infrastructure assets.
A Systematic Approach to Energy Asset Management
Energy asset management is a systematic process of managing energy infrastructure systems and components through a complete range of technical, financial, human resources, project management and operational services. These services are designed to achieve optimal system performance, with a focus on efficiency, reliability, and environmental sustainability, at the lowest lifecycle cost. This is typically coupled with guaranteed performance of energy infrastructure and risk transfer of operations and maintenance.
Establishing an Asset Management Program
A comprehensive program tailored to each customer and individual facility to maximize performance of assets and reduce risk. Vicinity’s programs are adaptable and evolve to meet the changing needs of our customers.
Implementing Operations & Maintenance (O&M)
Improve technical and economic performance and reduce risk with an O&M program. Founded on best practices, highly trained and skilled O&M staff deliver services to reliably, efficiently and sustainably meet a facility’s energy needs.
Performance Evaluation & Benchmarking
Establish a means for measuring, recording, analyzing and evaluating key performance indicators (KPIs). Leverage internal audits to improve asset management systems and analyze data to inform continuous improvement.
Performance Improvement & Optimization
Identify non-compliance and corrective or preventive procedures and eradicate the causes of non-compliance via root cause analysis. Implement continuous improvement programs to increase technical, environmental and economic performance using established and validated procedures.
Why Energy Asset Management
Could Be Your Energy Solution
Energy systems and infrastructure are capital intensive. Through a systematic approach – monitoring the health of assets, management of the physical operation, tracking and managing to KPIs, and continuously improving assets through their lifecycle – asset management can yield significant cost savings, reduce risk, increase energy efficiencies, lower environmental footprints and extend the useful life of energy infrastructure for customers that own energy generating assets, buildings and/or campuses.
Ultimately, the purpose of asset management is to realize the maximum value of the assets. Through proper asset management, a site or campus’ physical assets and systems are proactively managed and monitored to ensure optimal performance.
What Benefits Can Energy Asset Management Offer You?
As the stewards of our customers’ assets, Vicinity implements robust asset management programs that allow our customers to focus on their core business. Our programs consider all aspects of our customers’ businesses (technical, finance, human resources, information technology). Our programs, policies and best practices for asset management of plants and networks are structured for a technical-economic optimization for our customers and include the following:
- Improvement, optimization and control of Capex/Opex expenses
- Improvements in the traceability of actions and costs
- Defined, precise technical-economic KPIs and performance guarantees
- Tailored service to meet customer expectations, needs, regulatory requirements and the risk transfer desired
- Implementation of universally accepted industry standards as well as tailored best practices for each individual customer and situation
- Optimization of design and as-built conditions, enhancing maintainability, lowering life cycle cost and extending total service life
Articles, case studies, brochures and more.
Through a long-term operations and maintenance (O&M) agreement, Vicinity Energy is ensuring the delivery of 24/7 heating, domestic hot water and electricity to support the hospital in its mission to provide top-quality neuroscience and...
The central cogeneration plant produces electricity and steam that serves a 6-building campus with over 1.1 million square feet of laboratory, research and office space. As the operations and maintenance (O&M) provider of the central plant,...