But now many energy management software platforms are making it easier for building managers to access, understand and use all the data that can be collected from energy management systems — and make their buildings smart buildings. I got a look at several systems and services at the recent Greenbuild Expo in San Francisco, where energy management ease was a big theme. And now customers finding ways they can tap into that data and use it. It can collect and manage data from disparate building management systems, meters, and the weather—and it offers cloud-based apps that can track carbon and more, some from third parties.
As such, energy storage provides one of the biggest market opportunities in renewable energy.
The sector boasts one of the fastest-moving areas of innovation, with a wide variety of energy management systems business plan competing fiercely. Financial Hurdles However, technology developers and vendors in the energy storage sector are coming up against serious financial constraints as governments and investors tighten their purse strings.
Some experts believe that a diversity of business models in the market is the way forward. As energy storage complements the electricity grid on every level, the obvious target market would be the utility or Distribution Service Operator DSO.
There is concern that the new technology will have an adverse affect on the reliability and cost-effectiveness of its service delivery. Investors are also known to shy away from technological, financial and regulatory risks see: Can It Ever Happen?
Focus On Capacity Potential We believe that the introduction of smart grids, storage, and the installation of new renewable energy portfolios will alter the financial balance of the power industry.
The critical business decision is one of future investment, and that it is related to the expected rate of return. The focus should be on energy storage capacity potential and not the actual value of the storage infrastructure. This is partly because traditional methods, used to evaluate the value of conventional generation sources, do not always capture the various potential benefits of energy storage systems.
New system models show that energy storage is cost-effective when all of its services and benefits are recognized.
This is because energy storage delivers many benefits from one resource for example, decreasing peak demand and providing grid support for frequency regulation. Regulation, system capacity, and deferring capital expenses for transmission or distribution investments potentially provide the highest value for using storage systems.
From a customer perspective, using storage to reduce retail time of use charges and demand charges may well provide great value. However, to make this long-term evaluation process easier, a rather clever piece of analytical software has been developed by the Electric Power Research Institute.
The tool has been devised to develop suitable business plans as the software quantifies the value and assesses the cost-effectiveness of energy storage. It will play a valuable role in clarifying the value and the variables of energy storage in the grid, according to Haresh Kamath, program manager for Energy Storage research at EPRI.
It will also help model new programs or markets. The development of more practical tools like this will clear up confusion surrounding the storage market. Engerati Analysis Innovation in business models and regulation will be essential to the growth of the storage industry.
Data driven modeling tools will play an essential role as they help potential storage owners understand the long-term value of storage systems. Through demonstrating successful business models investor confidence will also begin to grow in response.EnergyCAP: Utility Bill Management, Auditing, Tracking and Reporting SoftwareCloud-Based Software · Video Demo Available · Utility Bill Management.
Our energy system is changing. There is more low carbon generation, which is intermittent and often located close to people's homes and businesses, and it produces different amounts of electricity depending on factors like the time of day or the weather. You cannot access your DTE Energy account from the page you requested.
To access your account online please click here. Recently, Eaton began a first-of-its-kind energy management field test in collaboration with EPRI and utility providers across the country. At its core is a circuit breaker that thinks and acts more like a .
Our energy management support can help you to make saving energy and reducing emissions a part of your business. Companies with energy management strategies generally save much more energy than those without because they continually review and manage energy use across a whole organisation.
2 ENERGY STAR Guidelines for Energy Management The Energy Director is not always an expert in energy and technical systems. Successful Energy Directors understand how energy management helps the organization achieve its financial and environmental energy management plan.