Schneider Electric has advised how the Melbourne Cricket Ground (MCG) has used the Internet of Things (IoT) to improve the regulation and usage of different energy forms.
With Australia’s largest stadium making significant expenditures on electricity, gas and water each year, the implementation of Schneider Electric’s Utilities Monitoring and Visualisation System (UMVS) has enabled MCG staff to now be able to track live consumption of resources.
This has enabled the venue to track real-time cost savings when changes were made to these energy outputs, thereby allowing the stadium to allocate resources more effectively.
As a result, energy consumption was reduced by 55% per patron, and carbon emissions were reduced by 17%.
Schneider Electric’s technology can also be applied in all types of facilities and venues, with its findings indicating that the cumulative energy savings across the sector could save up to 65 petawatt hours of energy by 2040, through the use of IoT to manage energy outputs via automation and digitalisation.
A recent Schneider Electric report indicated that customers utilising the benefits of digital transformation achieved an average of 28% energy cost savings.
A Schneider Electric spokesperson advised “given the discourse surrounding energy and climate change at the moment, with a strong push for renewables, management and digitally-driven responses it’s all the more important for companies to align with an energy-friendly structure.
“When you take into account the potential cost savings and productivity gains, businesses will have no choice but to transform if they want to remain competitive into the future.”