A dramatic reduction in the country’s carbon footprint has been put at the forefront of the government’s agenda. The government has allocated close to 50 billion dollars for the green industry with the interest of encouraging businesses, such as energy management software companies, to create environmentally friendly processes and products.
Individual states have also been giving out tax credits and rebates for individuals to want to install solar panels. Although many people are sincere in their intention to reduce their footprint, most are unaware of the actual amount of energy they use in their daily lives. Since they can not identify how much they use, it is difficult for them to determine where and how much they need to decrease.
Companies have identified this interesting phenomenon and created energy management software systems to help individuals and businesses understand how much energy they use.
The energy software systems monitor the various processes that use energy in a home or a business such as the HVAC, lighting systems, and electrical appliances. The energy management software systems can detect patterns or anomalies to the help the home or business owner identify areas where energy usage can be decreased.
For example, the energy management software can show the homeowner how much energy can be saved over a month if the temperature is increased or decreased by one degree and set optimal climate controls. A change in one degree of temperature will barely be noticed by the residents, however these energy management software recommendations create large long term energy savings.
The energy management software industry is a growing market. Although it was originally populated by smaller green tech companies, the large corporations are recognizing the importance of increasing consumer awareness and creating their own energy management software systems.
Microsoft, Google, and now GE have all created their own version of energy management software. However, even with the entrance of these heavyweights, small energy management software companies have retained a strong market presence as they offer systems that are customized to particular customers as well as 24/7 account managers that monitor the systems and ensure quality control.
Find out more about energy management software
By: Adam Steinberg