The Emergence of the Energy Conscious Enterprise

As significant economic, political and technological forces evolve, enterprises are continuing to shift into a more energy-conscious mindset. New advances in technology are making innovative energy management possible, affordable and achievable from the residential sector to businesses with multiple locations across the country.

Asset-level submetering, environmental monitoring and cloud-based software platforms, in particular, are changing the way enterprises measure, monitor and manage energy usage with affordable solutions that can generate up to 30% savings, typically with 24-month-payback. In our newest white paper, GridPoint has identified five megatrends transforming the way enterprises approach energy management to reduce carbon emissions and save money:

Megatrend 1: Rising and Volatile Energy PricesEnergy prices are on a long-term, secular rise. In fact, the United States Department of Energy estimates that industrial electricity prices will grow an average 1.9% annually and 46% total over the next 20 years after inflation due to demand growth, resource supply, capacity lagging behind increased demand, political events and unexpected weather such as the polar vortex.

Megatrend 2: Government Regulation and Standards

There are numerous organizations that create and promote standards for energy management and overall building energy efficiency, including the Environmental Protection Agency (EPA) and the American Council for an Energy-Efficient Economy (ACEEE) among others, which highlight the importance of real-time, asset-level submetering to achieve granular visibility into energy use, optimize site operations and satisfy regulatory compliance requirements.

Megatrend 3: Corporate Responsibility

Corporate responsibility continues to be a key goal and priority for corporations and government institutions alike as good citizenship behavior is expected by the market and constituents.

Megatrend 4: Internet of Things

The rapid growth of devices connected to the Internet of Things (IoT) makes energy management more affordable and effective than ever before. IoT devices communicate to each other by sending data over a network without any necessary human interaction and, according to Business Insider’s “Here Comes the Internet of Things,” these devices are estimated to grow from 10 billion in 2012 to 70 billion in 2020.

Megatrend 5: Data-driven Energy Management

Finally, you cannot manage what you do not measure. Data-driven energy efficiency management will become an expected approach to achieve maximum financial savings, operational efficiencies, capital returns and carbon reductions.

As a result of these five megatrends, tomorrow’s successful organizations will become energy conscious today by leveraging real-time energy usage data to gain visibility, analysis and control of their overall energy usage.

To learn more about what’s fueling the market, download GridPoint’s white paper The Five Megatrends Shaping the Energy Conscious Enterprise or our e-book available on Slideshare.