Energy Efficiency Investments on the Rise, but More Work to Be Done
The state of the United States’ economy over the past few years has been met with a significant focus on cost control in both the public and private sectors. At the same time, the Obama administration has set the aggressive goal of doubling American energy productivity by 2030, which requires an increase in resources – both personnel and financial.
Despite this perceived tension between cost control and environmental responsibility, investment in energy efficiency programs that both reduce costs and have a positive impact on the environment remain a priority in both private and public sector organizations, according to a new Schneider Electric survey conducted at our 2013 Xperience Efficiency events in D.C. and Dallas. In fact, the majority (63 percent) of public and private sector energy leaders we surveyed reported that they have invested in energy efficiency programs in the past 12 months and 43 percent plan to increase their investment in the next year.
In response to both these economic and environmental pressures, the implementation of energy management initiatives has become an imperative for many organizations across the country – and our survey found they are putting in place the appropriate resources to ensure these programs remain a priority. Sixty percent of respondents said that they have at least one person in their organization responsible for energy management.
With these figures in mind, the move toward more intelligent energy management and increased economic sustainability seems promising, as 24 percent of respondents expect building automation to gain traction in the next five years, followed by efficient lighting (21 percent), data center efficiency (16), renewables (9 percent) and smart meters (9 percent). These types of initiatives allow organizations to reduce their energy costs, which 64 percent of respondents reported is the leading driver of energy management decisions in their organizations.
While these results show progress, more can be done, as nearly one-third of US private and public enterprises still take no part in efficiency programs – one likely cause for the U.S.’s dismal ninth place global efficiency ranking amongst the world’s 12 largest global economies. Global energy demand is expected to double by 2050, but by implementing energy management approaches like building automation, efficient lighting and data center efficiency today, we can curb the troubling trend of skyrocketing energy usage. Right now, businesses, governments and homeowners alike can take practical, simple and effective actions to improve efficiency on a personal, local and global level.
Chris Curtis is President and CEO of Schneider Electric‘s North America Operations and a member of Schneider Electric’s Executive Committee. Under Chris’ leadership in North America, sales have grown to over $7 billion with industry leading market share, profitability and cash flow generation. Over the past 20 years, Chris has served a number of leadership roles in Schneider Electric including President of the company’s Buildings Business globally; President, Schneider Electric USA; President of Schneider Electric Canada; and Senior Vice President of Sales and Services.
This article was originally published on the Schneider Electric blog and was republished with permission from Schneider Electric.
- Guide to Energy, Carbon and Environmental Software
- Expert Q and A: Tips for Automating your Energy Data
- Alarms Management: The Future is Now
- What You Need to Know About Demand Charges
- 24 Hour Fitness Trims Waste Costs Through an Effective Waste Recycling Program
- Evaluation Guide: Four Steps to a Successful Lighting Evaluation
- How "Fixed" is the Fixed Price Product?
- The Value of Integrating Health, Safety and Environment Processes with Enterprise Asset Management
- Smarter Asset Management for the Nuclear Power Imperative
- EHS Managers: The Evolution from Necessary Evil to Vital Leaders
- BUYING STRATEGIES IN A VOLATILE MARKET: What Businesses Need to Know about Retail Electricity Procurement
- Smart Building Technology: The Key to Comprehensive Building Performance
- What Energy Managers Need to know about Procuring Natural Gas: Guidance for 2014 Natural Gas Contracts
- Energy Optimization from the Boiler Room to the Board Room
- Your Roadmap for Energy Management: First Stop – Myths & Realities of Energy Purchasing