How Energy Monitoring Solutions Benefit Your Business
Monday, 14th November 2022
The energy monitoring industry is on the move. Recent studies predict that it will grow from $4.10 billion in 2021 to as much as $5.99 billion in 2028, at a growth rate of 5.6%. And that’s largely down to increasing demand for power and rising ESG pressure for efficiency.
The need for energy monitoring solutions goes hand in hand with these trends.
Why? In what ways do energy monitoring solutions benefit your business, and why should you be considering implementing them—if you haven’t already?
Around the world, an estimated 40% of all carbon emissions come from the built environment. This points to the energy that buildings use and the significant impact they have on the world around us. Shareholders and other stakeholders know this, and are demanding that companies pay attention and implement mitigating measures.
The best way to go about this is to create a smart building—one that increases efficiencies, reduces costs, improves compliance and drives sustainability. And one of the critical components of this process is the introduction of energy monitoring solutions.
Curious to learn more? Fortunately, Infogrid are leaders in this field. We’re here to help.
Find out more: Smart Building Technology: Examples and Opportunities
Why energy monitoring matters
Let’s take a close look at the material benefits that having an effective energy monitoring solution in place affords:
It reduces energy consumption. Closely monitoring your energy usage gives you insight into where energy is being used properly and where it’s being wasted. This helps you understand how you can reduce or optimise your consumption. Without this insight, you’re none the wiser.
Reduce costs. This is closely linked to the point above. If you’re using less, you’re paying less. For example, we helped a supermarket save $1.6 million a year just by applying our energy monitoring solution to their heating, ventilation, and air condition (HVAC) system.
Reduce downtime and disruption. Simple, smart systems that give you useful data in real-time can help you anticipate problems before they arise. This helps minimise downtime because energy systems are properly maintained well in advance, and any issues are pre-empted.
Find out more: Predictive Maintenance in Buildings
Identify outdated equipment. Spot energy-intensive equipment and processes and replace them with more efficient alternatives before they start to affect your bottom line or your CO2 emissions.
Monitor your equipment. Do you have parts of the building lit unnecessarily, or machines running that ought to be turned off? Use your energy monitoring solution to automate this and switch off the assets you’re not using.
Combine all of these benefits, and your business is likely to be more cost efficient, more productive, and more successful in the long term. And you’ll be having a positive impact on the planet, too.
Infogrid’s solutions help one retail company save over 800 tonnes of CO2 every year. Is your business next?
How an effective energy monitoring solution can help you to be a more responsible business
So what can energy monitoring do for your business?
Of course, one of the most important benefits of an energy monitoring solution is its contribution to your ESG score and net zero ambitions.
Being aware of your energy consumption and efficiencies—and managing them effectively—is critical in reducing and even eliminating your carbon emissions. If being a responsible corporate citizen is important for you and your shareholders, you cannot go without an energy monitoring solution.
There are other areas of your business that will also need to be monitored if you’re truly invested in this journey. Managing indoor air quality and temperature controlling your building can result in 5% energy savings for every degree Celcius lowered, for example.
Infogrid’s systems were recently installed to protect the oldest frieze in Europe. In the past, cooling fans to manage heat from lighting equipment generated condensation and leaks, which posed risks to the building and the artefacts within it. With Infogrid’s solution, the building saved:
650 hours of labour a year on leak detection
1,350 hours of labour a year on pipe monitoring
Over 600,000 litres of water on L8 compliance
Over 1 million kg of CO2 per year
While installing energy-saving solutions, including energy monitoring systems, can feel like a bit of an investment initially, the long-term benefits are significant.
These figures aren’t only good results to report to your investors and stakeholders, they also demonstrate the tangible steps you’re making to protect and improve our natural world.
Why you need Infogrid’s energy monitoring system
Not all energy monitoring systems are created equal. Some only provide just basic data, and only occasionally. But a monthly or quarterly report doesn’t allow you to intervene quickly enough to make the kinds of changes that are going to benefit your costs, efficiencies and the environment.
If your energy monitoring system is really going to work for you, it needs to meet certain criteria. It needs to:
Be easy to install. Infogrid’s smart sensors are quick and easy to install and require no maintenance at all.
Provide information in real time. Access to real-time data is non-negotiable. You need to make quick decisions if you’re going to reap all the benefits we’ve listed above.
Rely on artificial intelligence. The data our sensors provide is fed through artificial intelligence algorithms to deliver targeted, actionable insights into your energy use and inefficiencies.
Feed into a single data hub. Siloed information can be clunky and cumbersome to manage. You need to have access to all your relevant data in one place. With Infogrid, your data is available on a single screen, no matter the size of your building portfolio. This helps you access essential information wherever you are.
How does Infogrid's energy monitoring system work?
Infogrid’s energy monitoring system works the same way as its other comprehensive suite of products. It is an end-to-end system that uses the world’s smallest sensors to monitor your energy usage in real time.
Our Internet of Things (IoT) sensors are low cost and wire-free, and require no maintenance at all. They’re also effortless to install, affordable, and scalable. Meanwhile, our user interface is simple and intuitive, and it’s easy to configure your alerts or get reporting data.
The result is a Healthy Building System that is smart, streamlined and future ready.
Simply speak to us to find out more about our energy monitoring solutions. Take a look at our demo to find out more about how we work, or contact us directly.