The energy demands in buildings are rising day by day. The US Energy Information Administration(EIA) report says that the total energy consumption in the world is estimated to increase by 48% before 2040. Reducing operational energy costs in the facilities has always been the biggest challenge. Consumption of electricity is the absolute need today as we cannot sustain without it. If it goes at this rate, the carbon footprints and operational costs will increase.

 

The need for an Energy Management System is real!

IoT is transforming processes by driving automation and operational efficiency in industries. In the energy sector, it has gained attention in a few years. By offering a range of benefits to the electric power supply chain, the IoT-based EMS provides smarter grids, assures unprecedented savings, better security, and energy efficiency in the buildings. The facility managers get the authority to monitor, control, optimize energy usage and transmission.

By employing the EMS in a building, the users can save up to 20% on energy consumption costs. To meet the world’s ever-rising energy hunger, the timely application of this IoT-based technology is a feasible solution. It will not only help in identifying the opportunities to save energy but also take action. With the in-depth knowledge in hand, the users can monitor the progress and smartly manage the energy consumption.

 

Why do businesses need an Energy Management System?

There is a belief that EMS is for large buildings. No, this is a misconception. Even industrial facilities or small living units can apply this technology to save energy consumption up to a considerable amount. There are plenty of reasons that suggest the application of this much-needed technology in facilities that includes:

 

  • Reduce operational expenses

Various studies verify that EMS has reduced the operational expenses of a building. We have discussed this point previously as well. With the successful implementation of energy management solutions, the facilities can save hugely on HVAC systems and other processes that consume energy to a large extent. Automation, optimized labor effort, and effective asset maintenance work together in an EMS to reduce operational expenses.

At the same time, it allows the users to predict energy usage and its budget effectively. They can make sure that electrical devices are not in use when occupants are not present.

 

  • Combat carbon emissions

There are some massive transformations in the energy sector. Coping up with the emerging regulations aimed at managing emissions has become necessary now. Companies are adopting energy management systems and additional IoT solutions to reduce carbon footprint, optimize resources, analyze the environmental impact of their offerings, and take corrective measures accordingly. After all, long-term and sustainable operations are possible only when the businesses are taking care of energy consumption and its impacts on the environment.

 

  • Improve the overall productivity of the systems 

There are times when the occupants are not feeling comfortable in an environment. By regulating the temperature or lighting systems, they can enhance their productivity. EMS can smartly manage the electrical devices inside a building that minimizes energy usage. Also, it makes sure that the comfort of occupants is not compromised. All this brings in productivity in the work processes.

 

  • Minimize energy spending

The motive of minimizing energy consumption is not just about money-saving. There is also a responsibility of going green and being socially responsible toward the action. At present, the companies and government are exploring the capabilities of IoT to bring in efficiency in daily energy consumption.

If the marketing point of view is considered, EMS benefits the businesses by improving their bottom line. With tools like smart metering, real-time power usage monitoring, and data-driven predictions, the facilities can eliminate energy wastage points.

 

  • Optimize asset maintenance

The work performance of the most productive assets can come at stake if regular maintenance is not conducted. Energy usage is one of the cited concerns. Making sure that equipment is consuming only the required amount of energy can create a difference. IoT makes it possible with its sensors and data analytics that can monitor the condition and performance of machinery.

 

  • Identify improvement areas

With the vital information on energy consumption, the facility managers can identify and target the areas of inefficiency.  They can achieve the best outcomes across the energy portfolio by eliminating the potential risks.

By continuously monitoring and reducing the operational costs, the businesses can track their progress and improve their profit margin. The step towards a smart building starts with assessing the power quality and establishing a system that makes sure the right amount of power is available when there is a need.

 

  • Increase building value

The efficiency and performance of your building go to the next level when managed appropriately. EMS vastly increases its value. Be it a private residence or a commercial space, energy management solutions reduce energy expenses and bills.

 

  • Automated processes

Automation in systems is the need of the hour. With IoT-based monitoring systems, businesses can optimize labor effort and cost, improve maintenance operations, and automate costly on-site asset management.

 

  • Reduce the risk of energy scarcity

Future generations will surely face energy scarcity if its consumption takes place at such a rapid pace. Not just businesses, every responsible user needs to apply EMS as soon as possible to combat this emerging issue. If adopted timely, no one has to bear the worst consequences of energy wastage.

 

  • Ease of control

EMS can remove the learning curve that is correlated with controlling energy systems separately. The users can access settings, schedules, and permissions from a central system that eases the work. Implementation of changes becomes easy by integrating multiple systems into a single application. In short, it gives the ability to the users to access the systems even from remote places. The ease of control is better in an EMS.

The adoption of energy management systems is a cost-effective solution. With Zenatix, businesses can customize it as per their requirements, conserve energy, and cut down operational costs hassle-free.