The Return on Investment of an Energy Management System
The building stock is a major consumer of energy and accounts for 40% of total energy consumption in Europe. Approximately half of this consumption occurs during the design and construction phase and has to be controlled by builders, engineers, architects and other actors.
The other half occurs during the lifetime of buildings (IDAE), as they require lighting, heating, running water... Once the building is up and running, energy consumption is constant during its lifetime. Part of this consumption is necessary for a building to function normally and for users to be comfortable in a safe space.
The problem is that it can sometimes be difficult to make the distinction between necessary and superfluous energy consumption, which leads to overconsumption.
The first step to identify necessary consumption and start reducing your energy consumption is to gather data which can come from your invoices, your meters, your monitoring systems, etc. The more detailed the data is, the easier it is to interpret them and thus the better the results (and therefore, the treatment chosen for your building). Indeed, if the data is incorrect, your conclusions will be biased. This is where implementing an Energy Management System (EMS) will be of great help to your company.
Keep on reading if you are not sure to have a good understanding of how an EMS works if it would be a useful investment for your company, or if you just want to convince someone to get you started.
Barriers to Energy Efficiency
Barriers and difficulties can arise in all energy efficiency projects, and in any company that has an interest in energy efficiency. In the real estate sector the main ones we have identified are:
- The lack of data, or the availability of too much-disorganised information. Both unexistent data and excessive data can be a problem when managing your energy.
- The compartmentalised information, not shared and separated by departments or teams
- The lack of a centralised system to monitor and analyse your energy data. According to the World Economic Forum, only 9% of companies use software solutions to process and manage their data.
- Your management team or your manager, if they are not convinced of the usefulness of the efficiency measures and the return they can provide
Although you may have encountered some or even all of these obstacles there is a solution. In the following section, we detail why you should overcome these barriers and move forward with your energy efficiency project as well as how to calculate the economic performance of an energy efficiency system.
Main Benefits/Uses of an Energy Management System in the Real Estate Sector
Are you wondering what is the purpose of an Energy Management System? With the use of an EMS, you will obtain reliable and exploitable energy data from your buildings that will help you identify areas for energy savings.
Although it may seem obvious, if you do not have valid data, you will not be able to evaluate your results, the potential savings to be achieved, or the return on investment of your energy efficiency project.
In other words, here are the main uses and benefits of an EMS such as the Dexma Platform in the real estate sector:
- Understand your energy consumption to reduce your operational costs (the cost of your energy bills) and your environmental impact (emissions of polluting gases).
- Optimise your reporting processes and create customised reports and dashboards to display clear, easy-to-digest information.
- Benefit from AI insights and data for market benchmarking. In addition, this information is transformed into specific metrics to derive savings opportunities in your portfolio.
- The utilisation of Artificial Intelligence to carry out automatic anomaly detection and gain efficiency in the energy management of your assets. The technology here is of great help as it identifies inefficiencies that are difficult for the human eye to see.
Sounds good, doesn't it?
How to Calculate the Return on Investment of an Energy Management System?
Investing in energy efficiency is paying off. But if you want to know more about the economic return you can get and how to justify the cost to your organisation... Here are the basics:
Energy Saving Potential
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