IoT Sensors for Energy Management Could Save Trillions Globally

The University of Nebraska-Lincoln saved big money when they installed more than 60,000 low-cost sensors, supported by software, databases, and an algorithm that was designed to spot HVAC breakdowns. It was so successful that the University saved about $200,000 in just one year.

Says Lalit Agarwal, the University’s Director of Utility and Energy Management, “We’ve had instances where technicians show up to fix a classroom’s ventilation system, and the instructor says, ‘But I didn’t call for anybody.’ The technicians say, ‘We know, but you probably would have in a month.’”

The optimization created by IoT is nothing short of extraordinary. It allows institutions that incorporate this new data into an actionable maintenance plan to discourage wasteful consumption.

“Energy management is right up there among the most compelling applications for IoT because it often results in direct cost savings,” says Steve Hoffenberg, the director of industry analysis, IoT and embedded technology at VDC Research. [1]

At that rate, the projected savings globally for IoT managed energy could reach up to 1.4 Trillion dollars by 2021.

[1] https://edtechmagazine.com/higher/article/2018/02/colleges-use-iot-save-money-hvac-and-other-facilities

Follow us on social media for the latest updates in B2B!

Image

Latest

facing adversity head-on
Facing Adversity Head-On: Leadership Insights From Charmeachealle Moore
July 23, 2024

Welcome to “Through the Storm,” where resilience and facing adversity head-on takes center stage. If you were to look up the word in the dictionary, you might just find a picture of Charmeachealle Moore, known affectionately as Mike Moore. His life story reads like a testament to unwavering determination and perseverance. Mike is a…

Read More
Breaking the Cycle and Inspiring Others
July 23, 2024

Nowadays, the traditional path to education is being questioned more than ever and there are numerous stories that provide a beacon of hope for those considering alternative routes. As the number of adults without a high school diploma reaches nearly 22 million in the United States, the importance of understanding and embracing non-traditional education…

Read More
School Safety and Regulatory Compliance
Approaching Safety and Regulatory Compliance with Intent and Purpose
July 23, 2024

In this episode of School Safety Today by Raptor Technologies Michelle Dawn Mooney sat down with special guest, Carrie Mockler, the Vice President of Operations at PublicSchoolWORKS, a Raptor Technologies company. PublicSchoolWORKS is a fully automated, all-in-one learning management system for online training for school staff and a comprehensive risk management program. Key Takeaways: •…

Read More
The Power of Self-Compassion in Leadership and Cognitive Diversity Can Transform Workplaces
July 23, 2024

Mental health and a sense of belonging are critical issues in today’s workplaces. So much that it is essential to practice self-compassion and form a better understanding of cognitive diversity. Leaders today must navigate the complexities of fostering connection and reducing isolation among their teams. Recent studies indicate that 40 percent of employees feel…

Read More