Firms To Seek Extended Returns From Energy Management Measures

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A recent report suggests businesses will increase the length of their energy efficiency and sustainability programs in 2015, as the long-term advantages of investing in smart energy systems become more obvious.

The study from Ecova, which saw more than 500 energy, facility, finance and sustainability professionals at US-based companies questioned, reveals that cost savings are still the number one driver of energy and sustainability management decisions.

However, firms now appear to have a greater understanding of how they can benefit from implementing plans with an extended timeline. 

Over half (52%) of respondents said their top priority for leveraging energy data in 2015 is to support strategic energy and sustainability initiatives and programmes.

The report goes on to disclose other ways in which the energy management landscape will take shape in the next 12 months – indicating that the industry could experience a fruitful year.

Roughly half of those surveyed said they already have energy or building management systems in place, whilst nearly one in three claim they have budgets approved for future systems or are considering installing them. 

Some 57% of professionals believe the time or money their organisation spends on energy and sustainability management will multiply. Also, for the second year running, energy ranks as the top opportunity for savings, with 60% of respondents pointing to an anticipated increase in energy prices as a key reason why efficiency measures will play a bigger part in 2015.

Water management specifically is set to feature higher up on firms' agendas, with 10% more respondents viewing water as an area with the greatest opportunity for savings and improvement, compared with last year's report.

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