Go Back
Image

Ben Thomas

Head of Pro AV MarketScale
Subscribe

Energy Reporting for Utilities & Businesses Isn’t Just for Transparency. It’s for Energy & Cost Savings, Too.

Watchwire by Tango Banner Ad

As cities and states increasingly implement energy benchmarking, disclosure, and transparency mandates, utilities and businesses find themselves navigating a complex landscape of compliance and opportunity. The rise of building performance standards, such as New York’s Local Law 97, Boston’s Building Energy Reporting and Disclosure Ordinance (BERDO), and Denver’s Energize Denver, underscores the urgency for detailed energy reporting. This trend highlights a pivotal moment for organizations to reassess their energy strategies, not just for regulatory compliance but for significant cost savings and sustainability improvements.

What drives the need for comprehensive energy reporting, and how can businesses leverage these insights for competitive advantage?

Andy Anderson, Chief Sustainability Officer at Tango, provides a quick analysis of the importance of energy reporting through benchmarking and transparency. Anderson’s insights reveal the multifaceted benefits and strategies that utilities and businesses can adopt to enhance energy efficiency and sustainability.

 

Key Points

  • Identification of Problem Facilities and Opportunities: Energy benchmarking and transparency enable organizations to pinpoint underperforming facilities and identify areas for improvement across their portfolio, facilitating targeted interventions.
  • Decarbonization and Cost Savings: Access to detailed energy data helps businesses pursue decarbonization efforts and achieve substantial cost savings through energy efficiency measures, peak load shifting, and enhanced reliability and resiliency.
  • Low-Cost and No-Cost Opportunities: Simple adjustments such as scheduling, temperature controls, and facility startup/shutdown procedures offer immediate and low-cost benefits, demonstrating that even minor changes can lead to significant improvements.
  • Capital-Intensive Projects for Major Impact: Investments in lighting retrofits, HVAC upgrades, and other large-scale projects are critical for long-term energy savings and resilience, making them essential components of a comprehensive energy strategy.
  • Sector-Specific Strategies: The effectiveness of energy strategies varies by industry, underscoring the need for tailored approaches that consider the unique energy demands and opportunities within different vertical markets.

Article written by MarketScale.

Fields with ( * ) are required

To submit a comment, please provide your name and email or sign in at MarketScale.com

200

Recent Posts

Employee Safety International SOS
Tips for Enhancing Employee Safety and Security During Business Travel Articles - May 20, 2024

With recent global events emphasizing the importance of employee safety, companies are increasingly focused on how to protect their staff while they travel for work. From the resurgence of health crises to geopolitical tensions, the need for robust travel safety protocols has never been more critical. This analysis is particularly relevant now as businesses…

connected and cloud technologies
Doing More with Less: Connected and Cloud Technologies Are Working Hard to Solve Farming and Agriculture Needs Articles - May 20, 2024

How can connected and cloud technologies provide solutions to bring innovation and sustainability to meet the growing needs in farming and agriculture? As the global population pushes toward an estimated 10 billion by 2050, the demand for sustainable agriculture has never been more critical. With limited arable land available, the agricultural sector is turning…

enhanced operator experience
Enhanced Operator Experience in 2024’s Evolving Control Room Environments Means Make the Space Ergonomic and the Technology Flexible & Reliable Articles - May 16, 2024

In 2024, the focus within the domain of control rooms and mission-critical applications is sharply pivoting towards enhancing the operator experience. This shift is more than a trend; it’s a necessity driven by the increasing complexity of operations and the crucial role of human factors in maintaining system reliability and effectiveness. Enhanced operator experience…

Register to MarketScale.com for Ben Thomas episodes, events, and more.


Already have an account?