Top 8 reasons why you should invest in Energy monitoring?

Energy monitoring and analysis can yield significant cost reduction for many businesses, increasing the building performance and health and safety.

Here are the Top 8 reasons why you should invest in Energy monitoring.

1. Increased visibility & transparency

Monitoring and analysis are vital to evaluating trends and inefficient behaviors and forms the basis for making data-driven decisions about saving actions.

2. Granular insights

Get insight into which set of appliances, piece of equipment, process, activity, or behaviors is the source of the most incredible inefficiency and cost to better target & prioritize energy conservation measures.

3. Evaluate the impact

Many factors can play a role in how energy and other resources are consumed in a building. It is therefore essential to analyze the impact of environmental or operational variables that could affect usage patterns eg. occupancy, production, outside temperature, etc

4. Reduce costs & capital investments

Monitoring and analytics can help identify potential issues with building equipment and facilities, i.e., abnormal energy spikes, irregularities in consumption, or offline equipment. It warrants further investigation to remedy potential faults to avoid significant capital investments, costly repairs, and operations disruptions. It reduces operational and maintenance costs & lower capital investments in equipment.

5. Evaluate the efficacy

Whether it’s trialing new energy-efficient technology, or retrofit or modification of behavior or operational schedules, proving that a proposed saving action can produce the desired energy and/or cost savings, is crucial to avoid investment of time, effort and money into a project that will yield little to no results. It allows you to evaluate the efficacy of energy conservation measures to produce desired savings.

6. Monitor the environment impact

With the increasing concerns and mandatory reporting of CO2 and other GHG gas emissions, transparency of the impact that building/business operations have on the environment is essential for regulatory compliance, stakeholder relations, and business longevity. Furthermore, COVID 19 has necessitated an increased focus on occupant health and safety, requiring that building owners prioritize indoor health factors & variables, such as air quality, temperature, and occupancy.

7. Encourage energy-saving behaviors

It is not easy to get building occupants, staff, and employees engaged in energy-saving programs by distributing data sheets & reports that don’t inspire action or behavior modification to save energy. Using energy monitoring data to create dynamic visual displays or interactive dashboards demonstrating saving achievements and goals can be an effective tool to engage occupants in saving energy to their benefit.

8. Increase property value

The role of energy efficiency and strategic energy management shouldn’t be underestimated by building owners/managers. Well-maintained, efficient facilities not only assist in reduced maintenance and operational costs but can form part of a more comprehensive, holistic strategy to improve efficiencies across operations and improve sustainability. High-performing, green buildings that prioritize tenant comfort, health, and well-being are recognized by building standards bodies like Leadership in Energy and Environmental Design (LEED), WELL, and others to attract new occupants and fetch higher lease and sale prices.

Many device manufacturers (meters, sensors, other building technologies) offer web-based dashboards to visualize device data with basic analytics. But such applications don’t intend to provide the advanced functionality and machine-learning capability required to uncover energy waste, perform complex energy calculations, forecast savings, or analyze bills charges & tariffs. Only these advanced parameters allow you to understand how you can shift energy use. It is necessary to develop an effective cost reduction plan & inform sustainable energy-saving behaviors.

Instead, hardware vendor-provided dashboards are purposed primarily for data collection, visualization, and device condition monitoring. As the number of managed buildings grows, these tools will likely prove ineffective to scale monitoring, data management, energy savings analysis & reporting activities for a growing number of projects.

Energy management software collects granular data about your energy and allows you to see the insights. These insights pursue you to take specific actions which can bring tremendous saving to your organization.

All #energy giants like GE and Siemens have a solution to tackle it. Startups like iEnergytics make energy analysis easier and cost-effective.

Don’t let your energy data stay as dark data but be your business enabler. Every unit of energy you save is directly decreasing your energy bill and combat climate change. Invest in your energy management today and save the energy consumption in your premises and save the world.

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#energy #renewableenergy #energymanagement #energyconservation