As the built environment fathoms the increasing utilization of automated technology like Internet of Things in buildings, the modus operandi of managing buildings has changed with multiple energy management approaches being adopted by stakeholders in order to achieve maximum efficiency and energy savings.
The sudden market growth in this area can be attributed to the rising awareness regarding efficient use of energy at corporate, government and education levels which is anticipated to boost the building energy management systems market demand in commercial, residential as well as industrial sectors. These sectors have been adopting various technologies for controlling, conserving, and monitoring energy.
But – What Is The Right Approach?
We at Environmental Solutions and Consultancy (ESC) believe that the Right Approach in the built world as an Energy Savings Company (ESCO) needs to be –
The Energy Management as a Service should address the exact need of the market, adhering to the government policies and objectives. The Right Approach should be strategical and guided by market trends as well as customer requirements.
Evolution of data and its management has reshaped earlier intuition-based data to a more quantified, measured and verified data with the help of data analytics, which reduces the risks of failure and minimizes the conflict between the client and ESCO. With more and more energy applications offering a combination of both, data acquisition & management systems, for monitoring energy use within the end-user premises, ESCOs & utilities want to translate the raw measurements into actionable insights & information.
Turning key data to results is beneficial for both the Client and ESCO, bringing to fruition the desired savings without disrupting the continuity of stakeholder investments.
It is imperative to ensure that the energy management initiatives touch up every asset that directly or indirectly contributes to energy consumption. There might be counter or interactive effects from “band-aid” or spot fixing initiatives.
It is no longer about one-time involvement but a requisite to have a key data-driven system that continuously understands and performs monitoring based commissioning since the industry has moved from excel sheets and manual tracking to comprehensive dashboards, fault detection & diagnostics, and much more.
Thus, key decision makers and industry experts of various Utilities, ESCOs and other energy users in the commercial, residential and industrial sectors have realized the potential of ‘energy dashboards and analytics’, propelling them to embrace Energy-as-a-Service solutions that offer continuous monitoring, reporting of energy consumption trends and measurement of equipment performance indicators.
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