How PRISM™ identified a £2.3m energy saving for one client

Mindsett worked alongside a long-term Cloudfm client though multiple iterations of its current core product: PRISM™. Initially installed at three sites of the group’s 200+ site estate, PRISM™ was extended to over 30 sites.

The group oversees a significant operation with over 5,000 staff members and serving over 13 million customers annually. Across all the group’s brands, there is a consistent focus on creating a phenomenal customer experience in a first-class environment.

With an operation of this size, finer details can be missed in favour of the'bigger picture'. At Mindsett, we know that the detail is where the saving is, not just fiscally, but also in terms of energy consumption and effectively - the planet. The client was keen to get deeper insights when it came to their energy consumption, to make plans for minimising it. With ESG targets in place, it was paramount that sites ran as sustainably as possible

For this client, the ability to achieve accurate data from a complexmulti-site estate, was vital. The properties in their portfolio andassets on site, varied from being brand new, to decades old.

Mindsett’sassetlevelenergy-monitoringtechnologywasideal, because of the actionable insights it produced and the efficiency of the data. Over time, once an acceptable amount of data points hadbeencollectedonanasset,wewereabletodemonstrate our predictive maintenance solution. Enabling the group toget ahead of asset failures and focus on striving for customer excellence.

Solution

After agreeing with our client to install PRISM™, Mindsett and our installation partners conducted out of hours installations, so not to disrupt trade to the individual sites.

Once installations were complete, our team provided the group with personalised reporting and dedicated energy dashboards that allowed them to have a complete overview of their estate’s performance.

Outcome

To provide accurate contextual savings and avoid biased data, we took energy consumption data from a significant portion of the client’s estate (418 sites) and compared them to the three pilot sites.

We discovered that the top three asset classes accounted for 85% of the overall consumption, meaning three asset categories were consuming close to 100% of the energy for these pilot sites. Also noted was that close to half (43%) of all energy consumption was directly related to one activity.

In the duration of the pilot-site data analysis, Mindsett identified a potential saving of 21%. Based on reducing individual asset consumption, targeting the out of hours energy spend, and focusing on changing behaviours towards energy at these sites.

This saving increases to 23% when extrapolated across the client’s entire portfolio.

Looking to the Future

Along with those savings, the Mindsett team also provided a picture of what the client could expect in a year’s time if PRISM™ was installed estate wide.

We showed that within a year, our client would see full payback on their original investment and an ROI of 203%.

When it came to fiscal savings, we demonstrated that they had the potential to reach a £2.3m reduction on energy spend, and from a sustainability point of view, this amounted to reducing consumption by 16.8m kWh and 5,214 tonnes of Co2.

Since the trial sites went live, Mindsett’s PRISM™ device has been installed in an additional 18 sites with plans to increase this further in 2023.