AC Energy monitor IC library memory optimisation

LocalgHost:
currently using an Uno ( Atmega 328)
So I'd like to keep the RAM usage as low as possible

Certainly understandable but before trying to reduce SRAM usage you need to first determine how much is being used. This is from the Uno webpage...

Summary
...

Flash Memory 32 KB (ATmega328) of which 0.5 KB used by bootloader
SRAM 2 KB (ATmega328)

...but this results in a lot of memory usage ( 7k [SRAM] )...

How did you determine that your library is using 7 KB of SRAM?