Reviewing your existing energy use and investing in smart energy measurement solutions can deliver immediate benefits.
While many organizations measure energy use, they’re doing so infrequently—they often haven’t done so within a year or only review it occasionally. This means that few organizations have access to the granular data required to drive improvements in operational performance.
Only one quarter of organizations (24%) say they assess energy use continuously.
Organizations have a strong impetus for improving their measurement of energy use: those that do are more likely to be energy efficient. Organizations that consider themselves much more efficient than their competitors are much more likely to be continuously measuring their consumption, using multiple methods to do so. They’re also significantly more likely to systematically review and adapt their working practices to improve energy efficiency.
Three fifths (58%) of the most energy efficient companies use three or more different measures to track energy
Businesses that have adopted smart energy solutions—such as wireless sensors, building management systems/building automation systems (BMS/BAS) and analytics—are more likely to say they’re strongly over-performing compared to similarly sized competitors for growth and profitability. The most confident are those that have adopted both wireless sensors and BMS/BAS.
Implementing “a single pane of glass” view, which pulls together usage information into one place, can lead to a more integrated approach to energy. Most companies currently lack such insight, with over half (55%) saying they do not have a comprehensive, end-to-end view of their energy efficiency.
A large cement company, with operations across 50 countries, wanted a solution that would provide full visibility of how its critical machines were performing. Centrica Business Solutions installed our Panoramic Power wireless sensor technology to measure energy use and pinpoint consumption across different equipment, buildings and plants. This helped the company identify a broken conveyor motor. Fixing this delivered a saving of $261,998 annually at just one location.
Figure 3: To the best of your knowledge, which of the following energy improvements has your organization implemented? How energy efficient do you believe you are compared to similarly sized competitors? How would you compare your organization’s current performance against similarly sized competitors for achieving strong financial performance (growth, profitability)?
