In this fourth installment of our a five-part series exploring the disruptive trends impacting facility and energy management in 2016, we will take you beyond what companies can do with their connected assets, and explore what connected assets can do for them.
Disruptive Trend #4 – Ubiquitous Connectivity Simplifies the Chaos Behind-the-Meter
There are no doubts that ubiquitous connectivity and out-of-the-box energy data visualization enable facilities to increase energy resiliency, efficiency and self-sufficiency. However, this connectivity also allows facilities to partner with their Retail Energy Service provider to unlock additional services and opportunities that not only save money, but can help them make money too.
Historically, a facility’s relationship with its utility was a one-way relationship focused on the purchase of electricity. But new technology is disrupting the industry with ubiquitous connectivity that allows energy data to be stored and shared locally, centrally or with Retail Energy Service providers who are helping facilities meet targeted energy efficiency or sustainability goals. We predict the way facilities managers interact with their providers of energy services will change dramatically as a result of enabling technology starting in 2016 and make a huge impact over the next 5 to 10 years.
Blue Pillar has extensive experience working with Retail Energy Service Providers and utilities across the United States to help them better understand the operations and needs of critical facilities. Because we sit at the intersection of the facility and the energy provider, we have a deep understanding of what technology is available to meet the aspirations of both. Our ability to speak “facility” has allowed us to clearly communicate the goals of facility managers to their Energy Service Providers. And with connectivity comes a real-time, bi-directional relationship with an Energy Service Provider to help keep the lights on, keep energy costs low, and allow facility mangers to take control of their energy future.
Blue Pillar has helped many facilities take part in programs offered by Retail Energy Service providers that have allowed them to make money. Demand Response or Emergency Demand Management programs are a great example. These are lucrative programs where you are paid to enroll your generators. In an emergency demand event, the utility sends an advanced signal — a precursor to the power outage — allowing you to warm start your generators and stabilizes the grid to avoid an outage. This type of program provides financial benefits as well. Participants receive a lucrative payment for being on standby, and often receive a second payment based on the amount of energy curtailed during the event.
Retail Energy Service Providers nationwide are paying attention to the benefits of a closer relationship with their facilities customers and how to offer the most compelling services that can help increase efficiency, lower carbon footprint and stabilize the grid through demand response efforts. Connecting assets benefits your current operations, allows you to continue to improve resiliency, energy efficiency and self-sufficiency, and improves performance, competitive advantage and your bottom line.
Ready to learn more? Download our eBook on the five trends predicted to disrupt the energy management industry in 2016.