The energy sector is constantly under pressure to produce more energy while making more money. Delivering more products and making more money on that increased output can be very challenging, impossible, even. But there are companies that specialize in introducing technology that is designed to help gas companies operate more efficiently.
One such company, Blue Industry and Science, has recently launched their award-winning Blue X-FLR9 Gas Analyzer series at the end of 2017, and it has made a significant impact in the energy world over the past two years. This piece of equipment is a gas analyzer that can monitor hundreds of molecules and they have been able to explore multiple applications, which has helped to highlight what the technology does better than others, positioning it at the front of energy advancement. Here are four key takeaways related to this success.
Takes advantage of the complete end-to-end smart gas metering solution.
The biggest advantage that gas companies are able to leverage by implementing this technology is a complete metering solution. This enables them to have a much more in-depth perspective related to efficiency, which allows them to deliver more to the end user and net higher margins (less waste) as a company. This creates a win-win situation for all involved. The gas company is able to show its board and investors that they are taking measures in order to increase revenue and margins while meeting demands and satisfying the end-user requirements. As a business, this makes them better overall. Blue Industry and Science is taking a more tech-approach, more so than an old school energy company, focusing on innovation and their customer base has been very responsive.
Minimizes operational expenses and risks.
What are the easiest ways to make more money as a company? Without doing anything additional, simply reducing operational expenses will net a higher return. This applies to any business. It doesn’t matter if you are an energy company or a retail store. Any time you can reduce costs related to operating the business, if all else remains the same, then you are going to have a much more attractive bottom line. The entire premises behind the Blue X-FLR9 Gas Analyzer series is to help gas companies lower that operational number on the balance sheet, carrying over a more attractive bottom line. When gas companies are able to monitor hundreds of specific molecules that they are trying to analyze, study and adjust their processes around, they are able to create a better product that generates more energy.
Adopts future-ready technology like Industrial Internet of Things (IIoT).
One thing that Blue Industry and Science isn’t afraid of doing is pushing the limit when it comes to exploring new technologies and exploring them fully, with the goal of adopting them and bringing them to market, as soon as they are able to prove that they have a better process and option for their customers. What gas company is going to balk at the chance to provide a product that delivers more on the user side, while making the business more money over time? A company cannot grow thinking one-sided. They need to look out for their own interest, yes, but also that of their end users and customer. Forward-thinking companies will always thrive, and Blue Industry and Science is a prime example of how focusing on always making a product or service better is a winning formula.
Migrates from legacy gas measurement and control systems to avoid technology obsolescence.
Does gas technology need to advance? Well, not really. Think about how long we have been using gas as a form of energy. But the same can be said for using fire on a stick to light up a room or lighting a fireplace to heat a room. Does it still work? Yes. Will it still work years from now? Yes. Are there more efficient methods? Yes. The same applies to energy, and Blue Industry and Science have found ways to make something more efficient. Gas companies could continue doing what they have been doing for years, but if they embrace new options now they will position themselves as frontrunners in the industry. Their forward thinking is helping propel them as a company, while also bringing their customers along with them.