Since the energy industry is quite large, many organizations may struggle to find the best way to operate. They will often have to figure out how to build automation systems, acquire building certifications and get building equipment that is energy efficient. One of the ways in which energy companies can better run their organizations is to use energy management software. Software will enable them to complete several tasks more efficiently as well as more easily manage their operations daily. Energy management software also allows businesses to make building structures more sustainable as well as save money. There are four major components of . These include real-time energy data analytics, energy data submetering, team collaboration tools and centralizing energy management for your portfolio.
With real-time data analytics, businesses in the energy industry can display all of the energy data on the cloud. This allows a business to collect information from meters on a building. With this data, an energy company can change the metrics and time frames, make comparisons of buildings and correlate the consumption of energy with building occupancy and its external temperature.
The software’s energy data submetering allows a business to find out where all of the energy is being used. Once energy meters are installed onto the building, the software allows companies to look at and analyze information for different parts of the building. This software helps organizations break down the meter information by categories such as space, use, meter, and source.
With energy & utilities software, organizations in the energy industry can take advantage of team collaboration tools. This software will improve the collaboration with any team in an organization. They will all have the ability to customize reports, share notes, receive alerts and provide relevant data to property managers, building owners and engineers who need this data to complete their given tasks each day.
Using this software also allows organizations to centralize energy management by seeing all of the buildings in one location. This can be used to compare multiple buildings or display how they are currently performing. The software is customizable in which it can allow an organization to integrate with other software which is used to better manage a building.
SOFTWARE IS ADVANCING THE ENERGY & UTILITIES INDUSTRY
The use of energy and utility software can improve businesses in a variety of ways. First, the software can provide people and businesses with regular alerts. The software can help people turn off certain devices and light switches to avoid safety hazards. Using the software can, therefore, provide more customer satisfaction.
It can also allow businesses in the energy industry to stay up to date on the latest technological trends. Instead of using outdated software and technology, companies can use the latest technology to conduct operations and not fall behind to their competitors.
With this type of software, businesses can take advantage of blockchain technology. The blockchain technology offers peer to peer energy trading which can help conserve energy. Blockchain technology provided by the software also helps businesses use machine learning, transaction and authentication capabilities to provide cheaper and more sustainable energy for itself and its customers.
FOUR WAYS AN ENERGY MANAGEMENT SOFTWARE SAVES YOUR COMPANY MONEY
Whenever a company in the energy industry uses this software, they can save a considerable amount of money. They are in a position to improve their operations through monitoring energy consumption and using a more simple system of tracking the use of energy. By using this software, businesses will be able to increase their profits and maintain the financial health of their organization.
1. More Efficient Management
One of the ways how energy software saves money for businesses is by facilitating more efficient management. The software can consolidate all of the systems in a building with one application. As a result, businesses can more easily control all of the heating, cooling, lighting and security systems. They can also control elevators and fire safety systems as well. With one application, an organization will have an easier time managing its energy sources and reduce costs.
2. Reduced Energy Consumption
Using the software also allows businesses to reduce the overall consumption of energy. They can reduce their energy costs by as much as 30% with this particular type of software. The lower energy consumption will result in lower expenditures for energy use. Through monitoring and analysis of information such as building temperatures, businesses can use data through reports, graphs, and charts to track where all of the energy is being used. This then enables them to find energy sources where they are consuming too much unnecessary energy and then reduce its overall use.
3. Smaller Carbon Footprint & Sustainability
The software also helps businesses use a smaller carbon footprint. They can use the software so that they can more easily reduce the amount of energy consumption they use. This results in increased sustainability which allows a business to avoid paying additional costs for things such as energy certifications and compliance fees.
4. Less Marketing Expenditures
With this software, companies in the energy industry will be able to save money by spending less on marketing costs. By using the software, they can inform customers that they use environmentally friendly energy sources. As a result, businesses will have a more favorable reputation among customers and get them more easily. They will not have to spend more funds providing information about additional benefits. With less money required for marketing, these energy companies will be able to maximize revenue and profits with the use of the energy management software.
Companies in the energy industry are now looking to use certain software to keep up with the latest trends in the industry. To keep up with the latest trends, they now look to use software that provides them with several benefits. Today, energy companies can use the software to reduce expenditures, provide better service to their customers and also run their daily operations more easily by using utility management systems and energy management software.
Sanjeev Kota brings over 17 years of experience in software development & management for the solar power industry. He is currently Sr. Project Manager at based in Atlanta, Georgia. With his many years of experience, Sanjeev has successfully delivered innovative software solutions that serve the solar power industry.