Case Studies

Multi-Year Utility Bill Review & Rate Optimization

~ $2.8M+ / yr

Class I Railway [Confidential]

Canada & United States

Panevo reviewed utility bills for a Class I North American railway, covering 15,000+ electricity and natural gas accounts across hundreds of different utilities and dozens of jurisdictions. A variety of zero-cost measures were identified, including rate tariff changes, utility procurement optimization, billing errors, and others. Most of these issues would have continued unchanged before this review, and the savings associated with this multi-year approach have compounded every year since. Utility bill data from these target accounts is also captured in Panevo’s ioTORQ platform for continuous verification and additional opportunity identification.

Savings

$6.5M (verified, 2019 to present)

Capital Cost

$0 on majority of measures

Industrial Gas Procurement Optimization

~ $380,000 / yr

Heavy Equipment Servicing [Confidential]

Alberta, Canada

Panevo helped a Canadian heavy equipment servicing firm restructure natural gas procurement across its Alberta operations, replacing marketer-driven contracts with an independently negotiated, active multi-year agreement. By modeling demand across 50+ sites and running a competitive vendor process, Panevo secured pricing built to outperform the market over the long term, delivering savings that grew as spot prices returned to expected levels.

Savings

$1.5M (~42% reduction vs. prior contract)

Performance

39% Avoided Cost Vs. Spot Market

Steam System Optimization & Savings Verification

~ $65,000 / yr

 Freight Rail Yard [Confidential]

 New Brunswick, Canada

Panevo audited a large railyard, identifying failed underground steam lines and insulation issues, with very little steam actually reaching its intended end-use. Excavation, line replacement, drainage works and insulation repairs have cut site gas use by ~30%, with new real-time metering used to track and maintain savings.

Carbon Reduction

187 tCO₂e / yr

Cost Savings

~ $65,000 / yr

Ammonia Refrigeration System Retrofit

~ $82,000 / yr

Beverage Bottling [Confidential]

Toronto, Canada

Panevo comprehensively metered an ammonia refrigeration system at a beverage bottling facility, identifying a large gap in system performance and far reduced COP compared with nameplate. A rapid audit was performed in line with the IESO’s new XLerate program, which identified a suitable compressor retrofit project with <2 year payback, with a $210k incentive from the IESO resulting from the audit. This project is enabling the site to reduce its peak demand and deliver savings without a major system replacement.

GA Peak Reduction

66 kW

COP Improvement

67%

Boiler Room Energy Conservation Measures

> $200,000 / yr

Food & Beverage Manufacturer [Confidential]

Nova Scotia, Canada

Panevo managed natural gas and water sub-metering integration throughout the facility, and identified multiple small projects which together would yield a step change in facility gas consumption, including heat exchanger reconfiguration, addition of a steam boiler economizer & improved blowdown controls. Since project initiation site production has increased, and yet natural gas usage is still ~20% lower than expected.

Natural Gas Savings

9,960 GJ / yr

GHG Reduction

498 tCO₂e / yr

Air Compressor Controls Optimization

~ $72,000 / yr

Manufacturing Facility [Confidential]

Nova Scotia, Canada

Panevo implemented power and flow metering on a compressed air system. Data analysis through ioTORQ EMIS combined with in-person auditing identified an operational savings measure by optimizing compressor sequencing, now saving the site >$70k annually for virtually no cost.

Energy Savings

~483 MWh / yr

Cost Savings

~ $72,000 / yr

Compressed Air System Replacement

$ 427,000 / yr

Global Dairy Processor [Confidential]

Ontario, Canada

Installed submetering and performed detailed study on legacy air compressor system, including full life cycle cost analysis and multi-vendor configuration comparison. Delivered the final project turnkey, and managed incentive generation to maximize ROI.

Energy Savings

1,680,000 kWh / yr

Cost Savings

$427,000 / yr

Incentive

$360,000 (1.02 yr payback)

Submetering & Tenant Billing Recovery

700,000 kWh / yr

Data Center [Confidential], 

Vancouver, BC

Deployed revenue-grade submetering with ioTORQ EMIS to automate tenant billing across a multi-tenant data center. Recovered nearly a decade of unbilled energy charges and unlocked granular analytics that identified facility-wide efficiency opportunities, including a lighting retrofit and a misconfigured fan load.

Energy Savings

700,000 kWh / yr

Billing Recovery

~10 yr back charges recouped

Water Flow Submeters on Complete Production Line

$30,667 / yr

Global Food Manufacturer [Confidential]

California, USA

Installed submetering on all water use points on a single food processing line (10 meters total). Found that many assets were running higher than recommended. Installed control valves and flow restrictors to reduce water usage.

Water Savings

19,676 m³ / yr (22% of line water use)

Cost Savings

$30,667 / yr (6 month payback)

Incentive Generation

$140,000

Global Dairy Processor [Confidential]

Ontario, Canada

Refrigeration Upgrade Metering & Study

Installed submetering on legacy ammonia refrigeration system and performed detailed study to enable maximum incentive, while also navigating complex scope changes between original submission and final project.

Energy Savings

992,000 kWh / yr

Cost Savings

$120,000 / yr

Incentive

$140,000 (20% higher than anticipated)

Project Savings

$260,000 / yr

Stone Wool Production [Confidential]

Ontario, Canada

Coal-Based Combustion Process Transformation

Performed detailed process and energy auditing to address industrial carbon tax mitigation, identifying creative fuel offset opportunities using biomass. Solution decreased fuel use and carbon-related costs by 35% without requiring major processing or equipment adjustments. 

Cost Savings

$260,000 / yr

Carbon Reduction

10,600 tCO2e / yr

Main Meter Data Collection Automation

40 Industrial Sites

Food Processing [Confidential]

North America

Multi-Site Utility Metering

Designed and implemented a comprehensive main meter data capture solution across 40+ U.S. and Canadian sites to capture data from all main utility meters (gas, electricity, water), managing ~100 different utility vendors. Integrated the system with ioTORQ EMIS, allowing headquarters to monitor and evaluate performance across all sites.

Number of Meter Points

230

Number of Individual Utilities

100

Data Update Frequency

Each Minute