Energy Management Systems

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With the emergence of data analytics tools and new software-enabled hardware, building energy management services (BEMS) have expanded in capability. BEMS have benefitted from falling costs and $1.4 billion in venture capital (VC) funding to facilitate operational decisions based on analysis of building energy data, reports Lux Research.

Global industrial energy management systems (IEMS) revenue is forecast to grow significantly, from $13.5 billion in 2015 to $35.6 billion in 2024, according to a new report from Navigant Research.

The global building automation and control systems market is expected to be worth just over $26 billion by 2019, according to BSRIA’s new World Market Intelligence (WMI) report: 2015 World Building Automation and Control Systems (BACS) study.

ZBB Energy announced that it has changed its name to EnSync Inc. (dba EnSync Energy Systems). The company is a developer of energy management systems for the commercial, industrial, utility, and multi-tenant building markets.

The convergence of technology, competition, and business models is leading to significant changes across the energy management industry landscape, according to a new report available from Research and Markets.

Quatrro Business Support Services, a provider of cloud-based business support services, announced it has formed a strategic partnership with GridPoint, an energy management solutions provider, to enable small and medium businesses (SMBs) to optimize energy savings and manage their energy spend efficiently.

Due to an increase in global policies promoting energy efficiency and skyrocketing health care costs, governments and organizations are examining the adoption of new technologies to monitor and control the energy use of health care spaces, notes Navigant Research.

The Internet of Things (IoT) is becoming a widely recognized option in the residential HVAC market, and while the residential market garners many of the headlines, the commercial IoT market is taking shape, as well.

EnTouch Controls, a provider of energy management as a service (EMaaS), has introduced its Advanced Peak Energy Management service, which builds on its EnTouch360°™ platform, to enable restaurant and retail facilities to reduce monthly energy spending by curtailing the amount of energy used during peak demand hours.

Ecova, an energy and sustainability management company, has released a report with the results of its new survey on energy management systems (EMS). The report summarizes the findings from a survey of nearly 200 multi-site companies, across multiple industries, to better understand how companies select, manage, and maintain an EMS.