Ecova Launches Regulatory Reporting Service
Energy and sustainability management company Ecova has launched a regulatory reporting service to help large enterprises meet the complex and varied reporting needs arising across the US.
Specifically, Ecova’s new service aims to help multi-site clients keep up with the new and changing regulations, maintain compliance and avoid fines in cities including Austin; Boston; Minneapolis; New York; Philadelphia; San Francisco; Seattle and Washington DC; and the entire states of California and Washington.
In the past year, eight cities and two states have been impacted by new legislation that requires energy reporting for buildings that meet certain qualifications. In an effort to drive down energy consumption and promote sustainability, new legislation requires reporting through Energy Star.
Ecova expects this trend to continue, with several additional cities and multiple states expressing interest or considering similar requirements. Additionally, the minimum size of buildings required to report is trending lower.
Energy Star reporting provides an opportunity to benchmark buildings, allowing companies to see how sites are performing. This kind of benchmarking can be a first step in targeting those sites that should be reviewed further and potentially designated for efficiency improvement or best practice recommendations, according to Ecova.
Ecova is currently the largest Energy Star reporting provider, benchmarking more than 40,000 buildings each month, the company says.
According to an internal study released in July, Ecova customers cut electricity consumption intensity 8.8 percent between 2008 and 2012.
Ecova’s second annual Big Data Look at Energy Trends: 2008-2012 report also shows a 6 percent decrease in peak demand based on Ecova’s big data warehouse, which this year pulled from 150,000 facilities of Ecova’s customers.
Many retail organizations slashed more than 12 percent of consumption from their portfolios since 2008. Healthcare was the only industry to not see a decrease, according to the report.
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