7 Benefits of Energy Management You Didn’t Know About

Written by Ana Boechat

7 Benefits of Energy Management You Didn't Know About

As energy costs continue to rise, a deliberate energy management approach can save your business thousands of dollars each year. And who doesn’t want that? 

Energy management is the development and implementation of energy use practices to reduce climate impact and operational costs. Many technology managers overlook its importance for their organizations; however, it can significantly affect business operations.

Stay tuned as we discuss what an energy management system is and the many benefits it can offer your organization.

What Is an Energy Management System?

According to the EPA, small businesses in the U.S. spend more than $60 billion a year on energy. Companies could cut up to 30% of these costs with a switch to more renewable energy resources, such as implementing an energy management system.

Electricity grid operators use an energy management system (EMS) to control and optimize energy usage. This includes devices such as fans, lighting, pumps, ventilation HVAC systems, etc., that are commonly found in industrial or commercial buildings, such as clinics, hospitals, and hotels.

An EMS is a framework for energy consumers to manage, control, and optimize their energy use. By implementing a skillfully crafted hardware portfolio of smart thermostats and room control devices, you can increase the efficiency of your entire infrastructure.

1. Cost Reduction

One of the significant benefits of implementing an energy management system is a significant reduction in operational costs. Cooling, heating, lighting, and water services can add up quickly, costing your business a substantial amount of money each month. An EMS tracks energy usage over a period of time and stores this data so you can access it in the future. Retrieving this data will help you make calculated cost predictions on future usage based on time of year, weather, and so on.

2. Improve the Well-Being of Your Staff

Smart thermostats and other room control devices help maintain a comfortable work environment. Employees’ productivity and overall well-being will improve when they are in a comfortable physical space. Consistent natural lighting and temperature control will create a more energy-efficient workspace for everyone in your building. 

In turn, you will cultivate a positive atmosphere for employees to succeed and thrive. This is true for employees in a number of different types of businesses, whether it be in the hospitality, healthcare, or restaurant industry.

3. Lowered Carbon Footprint

The everyday choices you make leave a mark on the environment. In simple terms, this is called a “carbon footprint.” The size of your business’s carbon footprint depends on many factors, including the amount of greenhouse gas emissions released into the atmosphere. If you’re committed to minimizing your environmental impact, you must measure your emissions.

Having an EMS in place to continuously measure and control usage can help highlight the deficiencies in your energy system. By obtaining this information, you can implement changes to lessen your carbon footprint. If more companies implement energy management devices, by 2040, the energy consumption of buildings worldwide could be reduced by up to 10%.

4. Improve Building Performance

Not only will an EMS improve employee performance, but it will vastly improve facility performance. When you save money on expensive utility bills, you’ll have more funds to allocate towards other performance areas, such as salaries, promotions, marketing, and building aesthetics. In turn, you’ll be able to run your business more efficiently and see savings across the board.

Another key component of building performance is comfort. When you invest in an EMS, you’ll benefit from EOS thermostats that will help you create a comfortable experience for guests, residents, and visitors in any environment.

5. Return on Investment

Return on Investment, or ROI, is a mathematical formula that investors use to evaluate their investments and gauge how well they perform compared to others. Not only are you offering your guests or patients a better experience by allowing them to customize their climate to their liking, you’re also engaging a strategic tool to help you improve your bottom line. 

Energy management systems come with built-in features to reduce energy consumption costs. Installation in rooms that already have existing thermostats only takes a few minutes and connecting to the system takes even less time. You’ll boost labor and operating efficiency and reduce energy consumption with a smart thermostat that’s ready to take on as much functionality as you need it to. These features are excellent benefits that will help you see an almost immediate ROI upon installation.

6. Improve Brand Image

Another benefit of an energy management system is that it can improve your overall brand image to potential investors and stakeholders. Companies in the hospitality and healthcare industries all over the globe are currently highlighting what they’re doing to reduce their carbon footprint and help the environment. 

As investors take a peek inside your operations, they’ll be more likely to support an organization with environmentally friendly practices. Investors are actively looking for companies doing their part to help the planet.

7. Ease of Control

If you’ve ever had to control energy systems individually, you understand the hassle this can cause. By adopting an energy management system, you can avoid the learning curve of understanding how to operate many individual systems. When you put all these systems into a single application, you can easily make changes across the board. 

At Groove Technology Solutions, no additional equipment is needed for EOS to control HVAC functions. And since the unit itself is built with an IoT infrastructure for SaaS applications, you can scale from basic energy management to advanced room-control and automation features with simple software updates. This efficient way to manage electricity will save you time and money down the line.

Discover Simple and Modern Energy Solutions With Groove Technology Solutions

Establishing an energy management system will allow you to exercise more direct control over property management and energy consumption. If you’re ready to take your organization to the next level, you need an EMS from Groove Technology Solutions.

Our smart building ecosystem consists of a beautifully crafted hardware portfolio of smart thermostats and room control devices, creating intelligent, sustainable environments while lowering your total operational expense. We’re here to bring your EMS into the digital age with these first-class devices.

Upgrading your place of business to take advantage of the benefits of the digital age doesn’t have to be complicated. Contact us today to see how energy management can transform your business! We’d love to hear your financial and energy consumption goals and help you achieve them!