Cut Carbon and Costs: 3 Ways Data Delivers
Redaptive, Inc
A clearer, faster path to net zero. A more sustainable world for us all.
Initially posted by Varun Sawhney on February 9, 2023 on Redaptive's Insights blog.
Businesses depend on data analytics in most areas of their operations. But one area where businesses are not fully leveraging data is sustainability efforts. Investors, shareholders, customers, and regulators are all increasingly wanting to know how companies are addressing climate risks—and that starts with accurate energy data. Companies should be using data analytics to manage their energy consumption because it not only reduces their carbon footprint but can also save a lot of money. First mentioned in an article with GreenBiz, we discuss real-life examples of three areas where data can offer valuable insights: Energy Usage, Maintenance, and Operations.
?
3 Ways to use energy consumption data
?Energy Usage
The first area where data can offer valuable insights is energy usage. Data can show when the lights are not shutting off on schedule. It can reveal if the heat is running in the middle of the night when no one is in the building. It can even show whether your HVAC equipment is operating as it should be or malfunctioning.
领英推荐
For some organizations, energy usage is not only important for their own business operations, but also for public reporting and for their customers’ business operations. This was the case for a leading real estate investment trust (REIT) with 500+ locations and 200MM sq ft of industrial warehouse space. Initially, the REIT was unable to accurately report on energy consumption data across its portfolio. They needed this information for ESG disclosure, within the?GRESB framework. Gathering this data was time-consuming, and inefficient, and created friction with its tenants due to triple net lease agreements.
By installing IoT (Internet of Things) energy metering devices on equipment across the portfolio, their leadership gained complete visibility across the buildings' energy consumption. They leveraged the analytics platform to easily identify potential opportunities for implementing energy conservation measures, thereby improving the marketability of its assets and relationships with its tenants.
?
Full Stack Developer ?? | CodeIgniter | Python Enthusiast ?? | REST API Maestro | MVC Framework Pro | Data Engineer ?? | PySpark & Panda Explorer ?? | GIT Maestro ?? | Building Innovative SAAS Products
2 年I completely agree with the article. It's essential for companies to start using data analytics to manage their energy consumption to not only reduce their carbon footprint but also save a lot of money. The real-life examples of three areas where data can offer valuable insights - energy usage, maintenance, and operations - are excellent points to consider. By using data analytics to manage energy consumption, companies can easily identify potential opportunities for implementing energy conservation measures and improve relationships with tenants. It's great to see companies taking sustainability efforts seriously and leveraging data to make better-informed decisions.