Nissen 05

Due to rising energy prices and therefore growing energy expenditures within companies, one of the major challenges and priorities for business is the development of energy efficiency initiatives. This course integrates conventional management accounting skills with a foundation level knowledge of energy engineering and provides students with the skills to communicate effectively with engineering colleagues to facilitate innovative energy management solutions for business.

On completion of this course students will ...

  • be able to determine the energy demand of a company and develop ideas on how to reduce the energy demand and consumption;
  • have a broad overview and understanding of energy supply technologies;
  • be able to optimise the energy consumption and to reduce the energy costs of a company;
  • have a comprehensive knowledge of the business aspects of energy management; 
  • are trained in the application of energy adjusted accounting instruments; 
  • know how to integrate the energy issues of a company into normal accounting systems
  • and will be able to communicate effectively with engineering colleagues on energy management related issues.


Content of the course:

  • Introduction
  • The "German Energiewende" – analysis and impact on the national Energy system
  • Energy Demand
    • Basics of thermodynamics
    • Foundations of electricity
    • Demand of energy for buildings
    • Heat demand of industrial processes
  • Energy adjusted investment appraisal
    • Investment appraisal in general
    • Specialities regarding energy systems and measures
    • Determination of “Levelised costs of Energy" (LCOE), "Grid parity", “Cost of Conserved Energy” (CCE), and "Abatement costs"
  • Energy Supply – technology description and investment appraisal
    • Conventional heating systems
    • Cogeneration units
    • Solar energy systems
    • Wind energy systems
  • Business Oriented Energy (Cost) Management
    • Implementation of the ISO-50.001-Standard "Energy Management Systems" within an organisation
    • Shareholder value oriented energy management within a company
    • Energy adjusted cost centre accounting
    • Energy adjusted product calculation
    • Energy performance indicators (EPIs)
    • Energy oriented product assessment (PCF - Product Carbon Footprint, ERoEI – Energy Returned on Energy Invested, CED – Cumulative energy demand etc.)