How Polaris enables restraunts in saving costs
Three Phase Meter
Single Phase Meter
Restaurants allocate 3-5% of operating expenses to energy, with equipment like ovens and refrigerators contributing significantly.
Cooking equipment alone consumes 30-40% of energy, while refrigeration and lighting add 13-16% and 8-14%, respectively.
Annual electricity usage per square foot in restaurants is 2-3 times higher than in other commercial buildings.
Inefficient equipment and poor maintenance waste energy, accounting for 3-5% of total operating expenses.
A 20% reduction in energy costs directly increases profits by 1%, crucial given the industry's thin profit margins (4-7% of revenue).
Smart metering solutions offer precise insights, potentially leading to significant cost savings.
Smart meters enable in reducing costs through multi-fold ways :
Real-Time Usage Tracking: Enables monitoring of energy consumption in different areas, aiding in identifying inefficiencies.
Peak Usage Insights: Highlights peak demand events, helping adjust schedules to reduce peak demand charges.
Goal Setting & Alerts: Allows setting reduction targets and receiving alerts for abnormal usage, preventing revenue losses.
Remote Monitoring & Control: Offers the ability to control equipment remotely, minimizing waste.
Analysis Reporting: Provides tailored reports for performance assessment and cost-saving estimations.
Smart metering technology boosts profits by minimizing energy costs and supports environmentally sustainable operations.
Detailed data and analytical tools pave the way for long-term energy efficiency in restaurants.
Conclusion: Smart meter adoption is essential for managing restaurant energy loads, offering financial benefits and reducing carbon emissions.
This passage outlines how Polaris's AI-driven energy optimization solution helped Subway reduce energy bills by up to 30%, ensuring profitability amid challenges.
