Three Steps for Reducing Total Cost of Ownership (TCO) in Pumping Systems
Energy costs have become a major contributor to pumping systems' total cost of ownership (TCO). In fact, energy cost represents 40% of the TCO of a typical pump. It is possible to reduce electrical consumption by at least 30% utilizing variable speed drives while decreasing maintenance costs associated with the mechanical driven system. This paper explains how to reduce TCO with a limited investment focused on three key areas: energy efficiency management, asset management and energy cost management.