SOURCE: Groom Energy

Groom Energy

February 08, 2011 08:00 ET

Groom Energy Study Predicts 300 Percent Growth in 2011 Energy and Carbon Accounting Software Market

Report Provides Latest Market Sizing, Buyer's Guide and Names 2011 EECA Market Leaders

SALEM, MA--(Marketwire - February 8, 2011) - Despite a challenging economic environment and stalled climate legislation, the emerging Enterprise Energy and Carbon Accounting (EECA) software market grew 400 percent during 2010 and is forecast to grow another 300 percent in 2011. According to a research study released today by Groom Energy Solutions, more than 200 large corporations, such as Arch Coal, Bayer, RJ Reynolds, Safeway, and Wyndham Hotels, purchased EECA software in 2010. The report also found that more companies are reporting carbon disclosure as part of quarterly results, and although the largest markets for EECA products are the U.S. and Europe, Asian and South American companies are steadily becoming part of the sales mix.

2010 was also a year that saw more maturation in the market and a shift in product requirements to include enterprise-wide tracking of energy consumption along with carbon management. The report, "The 2011 Enterprise Energy and Carbon Accounting (EECA) Software Market -- A Buyers Guide," names 10 companies as 2011 EECA leaders. The current leaders are: Advantage IQ, Enablon, EnerNOC, Enviance, Hara, IHS, Johnson Controls, PE International, SAP, and Summit Energy. The selection criteria considered the number of customer deployments, technology features, energy management capabilities, market vision and financial stability.

"During the past year we've seen strong adoption of EECA solutions by large corporations with several leading vendors beginning to break away from the rest of the providers. Reflecting the market maturity, there were fewer venture capital investments and limited M&A activity as compared to previous years," said Paul Baier, report author and vice president of sustainability consulting services for Groom Energy. "With the new demand for energy consumption reporting along with carbon management, the vendor landscape has expanded and now comprises the EHS software providers, energy management firms, and well capitalized specialist firms."

The report notes the vast majority of Fortune 500 companies now track and report carbon emissions yearly, and Bloomberg Business terminals and Google Finance pages make the information readily available to investors. To meet the increased reporting pressure, the study expects the number of companies purchasing EECA software to grow by more than 300 percent by the end of 2011.

With the threat of regulation no longer a dominant purchasing driver, corporate motivation for purchasing EECA solutions has changed in the last year. In ranked order, the three principal factors behind the momentum in the market are:

1. Requests from top customers for environmental data;
2. Desire to enhance company image and increase brand loyalty;
3. Cost savings

The first edition of the report, released in Jan. 2008, provided early guidance for organizations beginning to track and report their GHG emissions. At that time, many organizations had outgrown their use of spreadsheets and 40 vendors entered the market. The fourth edition of the report now identifies 75 vendors and provides 20 detailed profiles. 

Key Research Findings:

  • Many energy /utility bill management vendors now offer strong carbon modules
  • Responding to environmental data requests from stakeholders for sustainability and compliance is the top driver among purchasers.
  • Supply chain initiatives like the Walmart supplier assessment program continue to drive sustainability efforts.
  • The overall market is approaching maturity and acquisitions and venture capital investment dropped significantly from 2009 to 2010. There were no acquisitions and $11M in financing raised by PE International compared to 5 acquisitions and $47M raised by multiple firms in 2009.

Pricing and Availability
The report is available for $795 per single user and $995 for a company license. To review an abstract of the report or to purchase online, visit

About Groom Energy Solutions
Groom Energy provides consulting and installation of sustainable, renewable and energy efficiency systems for commercial and industrial customers across North America. From corporate sustainability and whole building energy assessments to turn-key installations, Groom helps companies reduce costs while positively affecting the environment. Projects include solutions for combined heat and power, demand control and response, HIF and LED lighting, HVAC, solar photovoltaic, solar thermal and variable frequency drive upgrades. Groom Energy also offers financing and maintenance services and partners with utility providers across the country. Groom Energy customers include: Bed, Bath & Beyond, General Electric, Ocean Spray and Thermo Fisher Scientific among others. For more information please visit

Contact Information

    Traci Massaro
    Groom Energy Solutions
    617-877-1293 (mobile)
    Email Contact