With energy costs continuously rising, building owners and managers are constantly looking for ways to improve energy efficiency in order to cut down on their expenses and reduce their carbon footprint.
In this regard, one of the best options to improve a building’s energy efficiency is the implementation of an IoT-based Energy Management System (EnMS), which allows the user to monitor, manage and track their energy usage in real-time.
In this blog post, we enumerate the main advantages of investing in a meticulous Energy Management System using IoT:
1. Significant Cost Reduction: (Obvious, right?)
One of the key benefits of an IoT-based Energy Management System is the power supply control; This allows the building owner to view the energy consumption of the entire facility in a simple, centralized format.
As a result, anomalies are detected and unnecessary consumption is avoided, hence the great savings on electric bills.
In other words, you get a full picture of your site’s energy landscape with real-time monitoring, empowering you to take immediate action and apply all the necessary corrective measures instantly when “any state different from usual” is automatically detected.
However, it’s difficult to presume how much you will save from an IoT-based Energy Management System implementation, simply because it varies from one facility to another and depends on electricity consumption habits. Feel free to contact us to know more.
2. Improved productivity and overall well-being
Smart sensor technology and data analysis can be used to keep an eye on the condition and performance of machines and equipment in industrial facilities and power plants.
Using real-time monitoring, you can make sure that your electrical equipment is operating at its standard consumption rates, indicated on the nameplate.
If this is not the case, any deviation could affect the machine’s performance and electrical consumption. IoT monitoring allows you to check the electrical input and efficiency of your equipment in real-time, so you can flag anomalies and resolve issues.
Also, equipment that uses less energy is more likely to have reduced wear and tear and amortization expenses. Therefore, machines last longer and you get more of your investments before you need to replace them.
On the human side, you might be wondering how can energy efficiency affect employee comfort/productivity. The results are quite interesting.
For example, one study compared the Norwegian cellular plan office which provided high levels of control over the thermal environment with British open-plan workplaces with limited thermal control. Occupants of the Norwegian office had 20% higher comfort and 35% higher satisfaction level compared to the participants of the British office.
Another research from Maastricht University’s Health Faculty explored the effect of temperature drift on human health and comfort. The study showed that a dynamically changing indoor temperature, with a moderate temperature drift of around 2.5 °C per hour, did not reduce occupants’ perceived discomfort.
Thermal and lighting control create energy-efficient workplaces for all, improving employee happiness and performance.
3- Remote Access
Keeping track of energy consumption in multiple sites and large buildings is often complicated.
By installing our smart energy management device in your facilities, we enable easy monitoring, managing, and reporting of your energy usage in a single, user-friendly interface.
No matter where you are, you’re able to keep track and be mindful of any changes in the system via your preferred device (Mobile phone, tablet, or laptop).
4- Enhanced brand image
The board of directors’ involvement in the implementation of the company’s energy policy and efficiency procedures helps improve the brand image to potential stakeholders, customers, and suppliers.
Moreover, cash saved through energy efficiency measures can directly impact a business’ budget, facilitate more efficient allocation of resources and allow it to be more competitive in the market.
Companies of all sizes are now paying more and more attention to the deployment of energy-saving measures and to taking part in the global challenge of fighting climate change and saving the environment… which brings us to the next point.
5- Reduced carbon emission
The energy sector has been experiencing significant changes to comply with the requirements of new environmental regulations. On the other hand, the energy management mechanism has been revolutionised by the introduction of IoT technologies.
So… what’s a carbon footprint? A property’s carbon footprint is the total amount of greenhouse gas emissions (mainly Carbon dioxide-CO2) caused by its actions and is heavily linked to its energy consumption.
Today, companies are increasingly implementing Energy Management Solutions using IoT to help reduce their overall emissions and lower their environmental impact.
A system that combines energy management software and IoT smart sensors can help detect inadequacies and optimize energy usage. Therefore, it empowers you to make data-driven, cost-cutting, and eco-friendly decisions.
6- A Quick ROI
Last but not least, IoT-based Energy Management Systems ensure a relatively quick ROI. These systems come with in-built cost-cutting features such as emitting lower power during peak hours, smart alerts of overruns and anomalies in energy consumption, and historical data analysis to identify energy-saving opportunities.
Whatever your company’s size and priorities, allocating part of your budget to the deployment of energy efficiency processes is guaranteed to lead to results beyond cost savings.
Ready to explore how an IoT-based EnMS can benefit your business? Get in touch now.