SALEM, MA--(Marketwire - Jun 29, 2011) - Groom Energy today announced several initiatives and resources to support the emerging Enterprise Smart Grid. The Enterprise Smart Grid is the integration of sub-metering, software and hardware to manage and reduce corporate energy costs. Comprising 16 different vendor categories, Enterprise Smart Grid is currently a $5.2B vendor market in the U.S. and growing at 40 percent per year, according to Groom Energy research.
The company has launched www.enterprisesmartgrid.org, an informative website that defines and highlights the burgeoning market and its promise. A free, in-depth whitepaper is available today to registered site visitors. To bring together companies and practitioners of the Enterprise Smart Grid, Groom Energy is planning a conference on Nov. 2, 2011 at the Embassy Suites Hotel at Boston Logan International Airport. Tickets and sponsorship opportunities are available now. Additionally, Groom is currently finalizing its full research report that will be available in Oct. 2011.
The Market Opportunity
To make the most effective business decisions, corporate managers need a real-time understanding of where and when a facility is consuming energy and how much it's costing them. Traditional utility bills that report usage from a month ago are neither timely, nor granular enough to guide companies' daily energy usage decisions. And, as utilities introduce dynamic time-of-use and demand response pricing, there is a significant financial impact from timing energy consumption.
Using the latest sub-metering, software and hardware, Enterprise Smart Grid delivers three fundamental capabilities:
Continuous and historical tracking of all energy consuming systems.
Intelligent energy management, including periods of peak pricing, inactivity or demand events.
Linking of energy consumption and costs to financial systems, energy procurement and management incentives.
Groom's customer research identified distribution, education, manufacturing, and retail organizations that have already begun to adopt Enterprise Smart Grid solutions. These implementations have produced behavior change and driven savings ranging from five to 15 percent based on the new visibility, control and management integration.
Currently there is no one vendor that delivers on all aspects of the Enterprise Smart Grid and implementation typically requires services that integrate multiple vendor solutions. Groom Energy has identified 16 vendor categories that collectively represent the most important functional areas. These include sub-metering technology from companies like Diehl and Rockwell, energy management software from companies like SAP and IBM, BMS systems from companies like Trane and Honeywell, and energy procurement from companies like Co-eXprise Energy and World Energy. Utility and demand response programs also play a critical role.
"We've seen the customer need emerging over the last few years, initially with our heaviest electricity consumers. Going forward it's clear that every business will need to more fully consider current energy costs in their decision-making, and view energy as a variable, not a fixed cost. With Enterprise Smart Grid companies will have all of the data they need for significant energy and money savings," said Paul Baier, vice president of Sustainability Consulting at Groom Energy.
Enterprise Smart Grid 2011 Conference is a daylong event that will be held on Wed., Nov. 2, 2011 at the Embassy Suites Hotel in Boston, Mass. It will bring together users, practitioners and vendors to discuss the emerging Enterprise Smart Grid market. The event will include panel sessions, corporate case studies and exhibits by leading vendors. Tickets are $595 and more information is available at http://enterprisesmartgrid.eventbrite.com/.
The report, titled The Enterprise Smart Grid: the Market, its Drivers and the Vendor Landscape, will be released in October of 2011. The research provides a market sizing, an overview of growth and key drivers and features customer case studies. It also evaluates the relevant vendors and their capabilities. The target reader is corporate energy, facility and sustainability managers, investors, utilities and vendors. Pricing is $1295 for a company-wide version and $795 for individuals.
About Groom Energy Solutions
Groom Energy is a leading provider of commercial and industrial energy solutions, with customers including Bed, Bath & Beyond, General Electric, Ocean Spray and Thermo Fisher Scientific. The company delivers a range of services from corporate sustainability and whole building energy assessments to turnkey installations at enterprise facilities across the United States. Groom's projects help their customers reduce costs while positively affecting the environment. For more information please visit www.groomenergy.com. To learn more about the emerging Enterprise Smart Grid, visit www.enterprisesmartgrid.org.