Energy consumption continues to rise as the population grows. An example of this is the staggering cost of energy to healthcare organizations - an enormous $8.5 BILLION spent on energy every year.
Up to 3% of an average hospital's budget is spent on energy. This works out to around $5.25 per square foot. (Source: Energy Information Administration, Commercial Buildings Energy Consumption Survey 2003). As energy usage continues to increase, so does the cost of energy to the facilities. Over 90% of hospitals reported an increase in energy costs over the previous year.
A recent survey ( American Hospital Association Annual Survey) showed that $1 saved on energy at a hospital has the equivalent impact on the bottom line as increasing hospital revenues by $20.
Clearly, there are obvious benefits to hospitals and healthcare facilities for reducing energy consumption.
Synchronous belts and molded notch V-belts are natural candidates to implement on belt drive systems to save energy. V-belt drives can be converted to synchronous belt drives to save approximately 5% on energy as well as virtually eliminating maintenance requirements. Molded notch V-belts can save approximately 2% on energy if used to replace traditional banded V-belts.
Its clear that energy consumption and savings efforts are here to stay. Use the available belt technology to get some easy savings and you'll be ahead of the game.