We, at ERIKS, look to be sustainable in everything we do through our Planet+ initiative. One part of the initiative is ‘positive energy reduction’ which we strive to do throughout our company and assist our customers in doing the same, with the implementation of best practice across a wide range of applications with the introduction of IE3 motors or Variable Speed Drives to decrease energy wastage and in turn reduce running costs.
With the Government now implementing more legislation about the efficiency of motors, companies have to become increasingly savvier, understanding the Total Cost of Ownership (TCO) of your motor is one of the ways in which companies can do this.
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Around 97% of a motor’s Total Cost of Ownership comes from the running costs and only 2% is the actual purchasing cost, with the remaining 1% spent on maintenance costs. This reveals just how important evaluating a motor’s TCO is. ERIKS has developed a tool called the TCO Calculator, where it can easily be determined what the true cost of ownership is, comparing a motor repaired, an IE2 and an IE3.
The benefits of the TCO Calculator are:
Web based application
Results based on current conditions and life cycle cost
Clear comparisons of repair and replace options
To try out the TCO Calculator for yourself click here
Take a look at this video, to find out what understanding TCO meant for one of our customers: