2020
DOI: 10.3390/en13205411
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Identification of Technoeconomic Opportunities with the Use of Premium Efficiency Motors as Alternative for Developing Countries

Abstract: More than 65% of electricity consumed worldwide by the industrial sector is used in electric-motor-driven systems. For this reason, the efficiency of electric motors is an important factor in improving the energy efficiency of the industry. Additionally, this contributes to reducing energy consumption, production costs, as well as CO2eq emissions. The replacement of motors with efficiency class IE1 by motors of efficiency class IE3 is one possible alternative to increase the efficiency of electric motor system… Show more

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Cited by 14 publications
(8 citation statements)
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“…According to the literature, given the high share of energy costs, energy-intensive firms are usually more concerned about energy savings [96,99]. The findings of the present study show that earlier approaches limited on technical and costeffectiveness analyses of EEMs (e.g., [145,146]) are not sufficient to justify the adoption in, e.g., non-energy intensive firms [53], where the influence on the production and the operations shall be carefully analysed. Our study also confirms earlier findings referring to the impact of the firm size on the adoption process due to the lack of procedures and internal competencies [147,148].…”
Section: Discussionmentioning
confidence: 79%
“…According to the literature, given the high share of energy costs, energy-intensive firms are usually more concerned about energy savings [96,99]. The findings of the present study show that earlier approaches limited on technical and costeffectiveness analyses of EEMs (e.g., [145,146]) are not sufficient to justify the adoption in, e.g., non-energy intensive firms [53], where the influence on the production and the operations shall be carefully analysed. Our study also confirms earlier findings referring to the impact of the firm size on the adoption process due to the lack of procedures and internal competencies [147,148].…”
Section: Discussionmentioning
confidence: 79%
“…ð100þInf Þ − 1 [31]. This formula takes into account both the nominal interest rate (r) and the inflation rate (Inf) and allows for an accurate determination of the discount rate.…”
Section: Net Present Valuementioning
confidence: 99%
“…In this analysis, an 8% interest rate and 2% inflation rate are utilised, with consideration given to the 12-year lifespan of the motor. The NPV can be obtained by adding up all of the future cash flows with discount rate throughout the lifetime of the replacement motor project, can be calculated as [31]:…”
Section: Net Present Valuementioning
confidence: 99%
“…The business and public sector want to reduce the costs of its products and services, and the residential sector wants to reduce the amount of its electricity bill. These realities impose a new way of managing energy resources [1], [2]. In the electricity sector, the implementation of various technologies included within the smart electric grids (SEG) concept contributes to achieving these purposes, since their implementation implies the application of advanced communication and control technologies and practices that improve reliability, efficiency, and security.…”
Section: Introductionmentioning
confidence: 99%