Five Megatrends Shaping the Energy Conscious Enterprise
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Significant economic, political and technological forces are driving enterprises to reimagine the way they consume energy. These forces, or megatrends, have enabled a new level of understanding and insight that was previously unattainable in energy management. As a result, businesses now have the ability to become truly energy conscious, meaning that they are fully aware of how their sites and systems use energy and take proactive steps toward optimizing the energy footprint across their enterprise.
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Five Megatrends Shaping the Energy Conscious Enterprise
- 2. As a result, businesses now have the ability to become truly energy conscious, meaning that they are fully aware of how their sites use energy and can take proactive steps toward optimizing the energy footprint across their enterprise. Significant economic, political and technological forces are driving enterprises to reimagine the way they consume energy. These forces, or megatrends, have enabled a new level of understanding and insight that was previously unattainable in energy management.
- 3. Megatrend #1: Rising & Volatile Energy Prices Energy prices are on a long-term secular rise driven by many factors including demand growth, decreased resource supply, and volatility based on political events or unexpected weather. For example, in early 2014 the United States experienced an extreme cold wave known as the “polar vortex” that affected more than 200 million people and created a chain reaction of record high electricity demand and power prices1. 2
- 4. Megatrend #2: Government Regulations & Standards Government regulations and standards bodies like the Environmental Protection Agency (EPA), the American Council for an Energy-Efficient Economy (ACEEE), the U.S. Green Building Council, the American Society of Heating, Refrigerating, and Air Conditioning Engineers (ASHRAE), and the International Organization for Standardization (ISO) are encouraging enterprises to make gains in building energy efficiency, carbon reduction, regulatory compliance and reporting. 3
- 5. Megatrend #3: Corporate Responsibility Corporate responsibility continues to be a key goal and priority for businesses and government institutions alike as good citizenship behavior is expected by the market and constituents. There are many steps that enterprises can take to reduce their carbon footprint like leveraging energy management systems to set corporate energy policies, identify savings opportunities and integrate renewable sources of energy into their portfolio. 4
- 6. Megatrend #4: The Internet of Things The rapid growth of devices connected to the Internet of Things (IoT) is enabling energy management to be more effective than ever before. Additionally, low cost processing, sensors, wireless technology and cloud-based big data analytics are enabling these devices to collect and analyze real-time performance data across a diverse set of environments and geographies. 5
- 7. Megatrend #5: Data-driven Energy Management You cannot manage what you do not measure, which is why data-driven energy efficiency management will be crucial to achieving maximum financial savings, operational efficiencies, capital returns and carbon reductions. Additionally, enterprises which employ energy management solutions will benefit by having access to data that can help monitor equipment performance and assist in smarter facility and capital planning. 6
- 8. The Energy Conscious Enterprise As a result of these five megatrends, tomorrow’s successful organizations will become energy conscious today by leveraging real energy usage data on how equipment and sites consume and generate energy. GridPoint’ energy management solution (EMS) empowers the Energy Conscious Enterprise with submeters and monitors that collect real-time, asset-level data for superior visibility, a cloud-based software platform for in-depth analysis, and intelligent controls that dynamically adjust to changing site conditions and optimize energy usage within and across all sites. Today’s Problem No real-time, asset-level data energy usage, environmental conditions and equipment performance not monitored effectively Utility Meter Utility Meter ? GridPoint Solution Data-driven energy management Internet of Things app uses sensors and cloud-based big data analytics to optimize energy consumption Cloud-based Analytics Sensors Submeters Monitors
- 9. Real Data. Real Results. Despite being an evolving technology, major corporations are seeing great savings results and steadily transforming into Energy Conscious Enterprises with GridPoint’s EMS. Real data, when integrated with analytics and control, can deliver savings that significantly impact a company’s bottom line. Medium Box Retailer 500+ sites $46k annual energy spend/site 27% savings Casual Dining Restaurant 1,400+ sites $65k annual energy spend/site 23% savings Government Agency 50,000+ sites $34k annual energy spend/site 22% savings Quick Serve Restaurant 330+ sites $31k annual energy spend/site 15% savings Pharmacy Retailer 8,300+ sites $65k annual energy spend/site 11% savings Data reflects avg. first year savings for initial deployment. Savings only include the percentage of total load that GridPoint controlled.
- 10. To learn more about how to empower your business to become an Energy Conscious Enterprise, download the white paper at www.GridPoint.com
- 11. About GridPoint GridPoint is an innovator in comprehensive, data-driven energy management solutions (EMS) that leverage the power of real-time data collection, big data analytics and cloud computing to maximize energy savings, operational efficiency, capital utilization and sustainability benefits. GridPoint’s integrated energy management portfolio of asset-level submetering and monitoring, intelligent control, energy management software and professional services can generate energy savings up to 30% with pricing targeted to deliver a 24 month payback or less. GridPoint solutions are deployed at 12,000 sites with over 75 billion customer data points collected to date, and 100 million data points added daily. Customers include 6 of the top 10 retailers by total sales, 4 of the top 10 casual dining restaurants, 7 of the top 20 quick serve restaurants, leading commercial and industrial enterprises and major government and educational institutions. References 1Wikipedia; http://en.wikipedia.org/wiki/2013%E2%80%9314_North_American_cold_wave; Accessed 6/17/14 2ICF International; http://www.icfi.com/insights/white-papers/2014/polar-vortex-energy-pricing-implications- commercial-opportunities-and-system-reliability; Accessed 6/17/14 3Environmental Protection Agency; http://yosemite.epa.gov/opa/admpress.nsf/bd4379a92ceceeac8525735900400c27/5bb6d20668b9a18485257ceb00490 c98!OpenDocument 4PwC; http://www.pwc.com/gx/en/ceo-survey/2014/industry/energy.jhtml; Accessed 6/13/14 5Business Insider; http://www.businessinsider.com/75-billion-devices-will-be-connected-to-the-internet-by-2020-2013- 10; Accessed 6/13/14 6EnergySTAR; http://www.energystar.gov/buildings/about-us/facts-and-stats; Accessed 6/18/14