The global energy management systems market is forecast to see a compound annual growth rate (CAGR) of 13.4 percent between 2016 and 2024, growing from a valuation of $9.9 billion in 2014 to $35.9 billion by 2024, according to a report from Transparency Market Research.
The integrated data center energy management market is expected to emerge first within campus environments and large facilities with significant data center resources onsite, notes Navigant Research.
As net-zero-energy buildings (NZEBs) become more popular, HVACR manufacturers are working to create highly efficient products and systems to help meet these ambitious performance goals.
With commercial building codes mandating increasing levels of efficiency and energy prices only continuing to rise, many building owners are looking for ways to boost building performance in both new and existing buildings. These case studies highlight several ways in which HVACR solutions have been implemented to help building owners meet their energy-efficiency and comfort goals.
Time of Savings makes it possible for the Nest Thermostat to learn the price of energy for customers on Time of Use (TOU) rate plans so it can automatically adjust itself to help customers use less electricity when energy prices are most expensive.
Honeywell and the U.S. Army have announced a $29 million modernization project at Tobyhanna Army Depot in Pennsylvania. The project will provide critical facility upgrades that are expected to lower the army depot’s annual energy consumption by more than 20 percent and water consumption by more than 8 percent.
NexRev LLC has announced the company’s entrance into the Canadian marketplace with a regional office located in Toronto. This follows on the heels of NexRev’s announcement of its Latin American headquarters in Mexico City and represents the next step in the company’s international expansion plan.
GridPoint announced that it has been named the winner of Frost & Sullivan’s 2016 Customer Value Leadership Award for building energy management solutions. This award is given to a company that consistently deepens customer relationships by offering superior products and services that deliver a clear, demonstrable ROI.
Nest Labs Inc. has announced the addition of Time of Savings to its energy services offerings. Time of Savings enables the Nest thermostat to learn the price of energy for customers on Time of Use (TOU) rate plans so it can automatically adjust to help these customers use less electricity when energy prices are most expensive.
Schneider Electric announced it has appointed Annette Clayton as president and CEO, North America Operations. Clayton will be based in Schneider Electric’s North America headquarters in Andover, Massachusetts, and is responsible for driving business strategy and execution for the region.