Energy Management Systems (EMS) represent a rapidly growing industry of tools and services for managing energy use in commercial and federal buildings. In a recent report on global energy management systems (EMS), the firm Research & Markets has noted the industry will represent a $65 billion market by 2025 - the largest projection we've seen to date.
Energy Management Information Systems (EMIS) represents a rapidly growing industry of tools and services for managing commercial and federal building energy use. These technologies include:
Whatever the acronym, you've probably heard of tools that help reduce costs and build efficiency in energy management systems. These systems represents a rapidly growing industry of tools and services for managing commercial and federal building energy use, such as data and information systems for monitoring and detection as well as tenant billing, benchmarking and utility tracking.
According to a recent article in Utility Dive, the answer is yes. Specifically, building managers are overwhelmed by energy management systems (EMS). While a high percentage, 80%, of the buildings surveyed have installed an energy management system, the day to day operations are falling on facility managers and engineers.
The threat of hackers is just about everywhere these days, but many don't think of an electrical grid as a target. Think, again. According to The Washington Post, hackers have attacked a power grid in the Ukraine and were able to disconnect substations leaving an entire region without power for hours.
You often hear two pretty regular conversations going on in our space. The first, that cyber security is a major issue and that many people are still figuring out how to best manage it on a daily basis. The second, energy management is increasingly important and is a major money saver once implemented using the correct technology and infrastructure. However, you don't often, or at least not yet, hear the two conversations happening together. Until today, when we came across a great article over at Energy Manager Today, dubbed "The Tie Between Cyber Security and Energy Management."
According to a recent report by Technavio, the Home Energy Management (HEM) industry is going to boom to more than $2 billion by 2019.
Though a relatively new threat, cyber attacks are still very real. Accordng to a recent study, a cyber attack on the nation's power grid could cost insurance companies upwards of a $1 trillion in down time and damages. The same study polled voters and found out that 32% feel that cyber attacks are a real issue, which isn't suprising considering the computer "glitches" that recently took down the New York Stock Exchange, United Airlines and the Wall Street Journall all in the same day.
While the promises of what a smart grid and distributed intelligence can offer energy professionals are attractive, many facility managers will need to make sure a reliable network is first established before reaping the benefits.
Energy management and control networks have historically been used to receive data from remote devices and send control instructions back to them. In most cases, the devices do not talk to one another, or exchange only limited amounts of data amongst themselves.
The next step in the evolution of energy management and control networks is to add true interconnectivity between these devices – to make them part of the Internet of Things (IoT).