11 Aug '17, 1pm

Do You have a Favorite Insurance? For Pharma, it May be Microgrids

Do You have a Favorite Insurance? For Pharma, it May be Microgrids

A large pharma company recently came to me to discuss energy supply and its need for guaranteed electricity. The company had to take out expensive insurance to cover a power failure event that could interrupt their production line. Why is this a big deal? We’ve all lost refrigeration for a few hours. After talking with the company, it became clear that a power loss lasting only 1 minute can result in a major economic hit because much of the pharmaceuticals are made in large batches to amortize the costs, and increase production. With a power loss, it’s not just a temporary interruption, it’s a lost batch. And the market value of a lost batch can easily reach millions of dollars. The pharma company agreed that a microgrid capable of covering a power interruption would be highly valuable not just in terms of avoided losses but also in lower overall insurance costs . For big ...

Full article: http://www.renewableenergyworld.com/articles/2017/08/do-y...

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