Pursuing the Vision of a Zero-Carbon-Emissions Future
Pursuing the Vision of a Zero-Carbon-Emissions Future
The industrial and building sectors are among the leading generators of carbon emissions. In an effort to reduce global emissions, governments and organizations around the world have begun implementing relevant policies and initiatives. In many industries, reducing carbon emissions is now considered essential for achieving sustainable operation.
As highlighted by Gaven Chang, Director of Sustainability and Climate Change at PwC Taiwan, industry is responsible for up to 40% of global carbon emissions, while the building sector accounts for another 30%. Therefore, industrial energy conservation and building energy management are crucial to the pursuit of a zerocarbon-emissions future.
Technology empowers industry to reduce carbon emissions
Technology is crucial for reducing carbon emissions. In the “Net Zero by 2050” roadmap released by the Taiwan government in April 2022, two main approaches are adopted; one of which involves the extensive application of technology. Additionally, China’s “dual carbon” goals advocate the broad use of new informationprocessing technologies in emerging energy management scenarios.
According to Jichao Liang, R&D Director for WISE-PaaS at Advantech, global tech companies are accelerating the pace of technology and solution development in order to realize a zero-carbon planet. In fact, Advantech has actually adopted “creating a more sustainable and intelligent planet” as its company mission. Accordingly, Advantech offers various smart applications and solutions for both the supply side and the demand side, collaborating with partners in multiple industries to achieve energy conservation and carbon emission reduction goals.
Trends in technology supply and demand
“When applying science and technology to smart energy conservation, both energy supply and user demand must be considered,” said Mr. Chang. On the supply side, the ever increasing global use of renewable energy emphasizes the importance of solutions such as energy storage systems, smart grids, and smart meters. As a result, upstream and downstream manufacturers are actively investing in the development of new technologies and products related to smart energy management. Meanwhile, trends in user demand are driving the industry and building sectors toward digitalized management of energy consumption.
To provide an example of industrial energy conservation, Willie Lin, Director for WISE-AII (Advantech Industrial Intelligence) at Advantech, cited the European Commission’s carbon border adjustment mechanism (CBAM) plan. Under this plan, tariffs will be imposed on products imported from countries with less regulations regarding carbon emissions, pollution, and environmental protection.
The full implementation of CBAM is expected to occur in 2026, following a three-year adjustment period beginning in 2023. Initially, CBAM will apply to five sectors considered to be at high risk of carbon leakage – namely, the cement, iron and steel, fertilizer, aluminum, and electricity sectors. However, from 2026, declarations of embedded emissions will be required for all products entering the EU, and suppliers must pay relevant carbon tariffs to obtain a carbon permit for such products. This clearly indicates that industries must accelerate the promotion of energy conservation through digitalization.
iEMS business opportunities expected to explode
According to Fortune Business Insights, the global energy management system (EMS) market is expected to grow from US$27.31 billion in 2022 to US$60.54 billion by 2029, with a CAGR of 12.0% during this period. Indeed, the technological research firm Gartner also reported rapid growth for the EMS market. Mr. Lin explained that intelligent EMS (iEMS) solutions optimize energy management in factories and industrial facilities by enabling near real-time data collection, analysis, and response across multiple devices and locations. This effectively reduces energy waste through close monitoring and management of energy consumption.
To support the demands of various indus - tries, Advantech offers on-site iEMS installations that help enterprises save 15% ~ 25% in energy costs by increasing efficiency and reducing waste. Advantech’s iEMS is an open system that allows co-creation partners to offer value-added solutions to diverse customers ranging from small businesses to large manufacturers and corporations.
Connecting ecosystem partners
Due to the wide scope of intelligent energy conservation, entire industries must form com - plete ecosystems to achieve carbon emission reduction goals. Mr. Liang asserts that the energy industry’s ecosystem and regulatory environment are both evolving rapidly. Moreover, because the emergence of new suppliers, deliv - ery methods, technologies, and working models have made the ecosystem more complex, the entire industry chain must increase its collabora - tive efforts.
Mr. Chang believes that system integrators, control system suppliers, and smart sensing equipment manufacturers play the three most important roles in the energy ecosystem. There - fore, they must cooperate closely to develop and deploy intelligent energy conservation systems aimed at specific sectors.
As a leading IoT solutions provider, Advantech connects the three key contributors through cocreation. Over the last five years, Advantech has leveraged decades of experience with industrialgrade servers and edge computing solutions to develop an industrial IoT platform and various energy conservation solutions. The competitive - ness of Advantech’s software, hardware, and system platforms facilitates collaboration with multiple partners, such as DFSIs and sensor manufacturers, and enables the provision of comprehensive system architecture as well as solutions that promote intelligent energy conservation from the edge to the cloud.
Mr. Lin added that Advantech’s sustainable development ecosystem can help to upgrade the manufacturing industry through the WISEPaaS platform. Together, ecosystem partners can provide solution-ready packages that enable sustainable management and integrate virtual data lakes in order to accelerate devel - opment. Advantech’s WISE-AII solution also includes both OT and IT systems to facilitate the provision of more comprehensive solutions.
Reducing carbon emissions is a global responsibility, and Advantech is utilizing smart technology to collaborate with partners in the promotion of sustainability.
The WISE-PaaS Industrial IoT Platform end-to-cloud architecture provides a comprehensive development environment for data collection, analysis, management, and applications, while promoting interoperability between I.Apps via the WISE-Marketplace and accelerating the development of industrial solutions.
Advantech iEMS/ECOWatch I.App is a domain-focused product based on Advantech WISE-PaaS industrial cloud platform and the WISE-PaaS/InsightAPM asset performance management I.App. iEMS/ECOWatch monitors and manages public resources such as water, electricity, gas, and heat in a building.