New Energy Insights program, in partnership with IEDC and AWS, to reduce energy costs for Indiana manufacturers
March 2, 2022
INDIANAPOLIS (March 2, 2022) – Energy Systems Network (ESN) and the Emerging Manufacturing Collaboration Center (EMC2) announced today the launch of Energy INsights. A first-of-its-kind statewide program, developed in collaboration with the Indiana Economic Development Corporation (IEDC) and Amazon Web Services (AWS), to use artificial intelligence (AI) and data science to reduce energy costs and improve sustainability for Indiana manufacturers.
Energy INsights is designed to engage with at least 100 manufacturing companies across Indiana to integrate the I4.0 Accelerator solution powered by AWS that can gather data from legacy factory equipment and energy management systems, using AI/data analytics, to further optimize energy efficiency. The result is projected to be a reduction in energy costs of between 8-20% depending on the factory’s current efficiency of operations. Participating manufacturers expect to see improvements in their environmental, social, and governance (ESG) scores, an important benchmark for maintaining and attracting customers and investors.
To support the program, the IEDC has approved $5 million to provide grants to participating manufacturers that will leverage investment made by AWS and its industry collaborators. This funding will ensure no financial cost for most small and medium-sized Indiana manufacturing companies to participate in Energy INsights and implement its advanced computer and sensor hardware and AI and data science software tools at their factories.
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