Business decisions need to be based on hard data and critical analysis. In order to spend money on improvements, companies need to understand where they have inefficiencies, the new technologies that are available, and how long it takes to see a full payback on investments. One area companies can focus on and see measurable sustainability benefits and a great return on investment is energy efficiency.
As part of their risk management and shareholder value commitment, companies are calling for audits to help them understand how much energy they consume, when, and how. Many are tying these findings to their corporation’s yearly sustainability goals and reporting. After reviewing auditing findings, companies see the quickest payback and the biggest reduction in greenhouse gases comes from retrofitting facilities with new technologies in building management systems and LED lighting.
The biggest corporate consumer of energy is in buildings, factories, and parking garages. Recent studies have shown that lighting takes up 29% of all the energy consumed by a corporation, followed by space heating at 25%, and office equipment at 16%. The remainder of energy consumption comes in the form of cooling, water heating, ventilation, and other.
To better understand the operations of the entire facility and where there are opportunities for more efficiencies, companies are turning to modern Building Management Systems. These systems often consist of both hardware and software and look at all types of variables happening within a company. Predictive modeling is used by a modern BMS to determine optimization based on factors like occupancy, outside temperature, air currents, energy demand, spikes and peaks, as well as, hot spots and energy drains. In the real world, we need to tell the story with customer examples that demonstrate how tying together financial data and sustainability results in a win/win situation for corporations and the environment. In upcoming blogs, we will discuss in more detail how predictive modeling is the future of energy efficiency and examples of hard customer savings. We will also talk about how more efficient lighting leads to better lighting quality, as well as decreases in energy demand and greenhouse gas creation. Stay tuned!