A new report claims the global energy management system (EMS) market will exceed $21.6 million by the end of 2025, registering 14.8% CAGR between 2107 and 2025.
The report, from Future Market Insights, says organizations are increasing their investments in environmental sustainability management solutions to strengthen their reputation and brand value.
Rolls-Royce is taking notice. The engineering company and car manufacturer recently launched the next generation of its EMS. According to rolls-royce.com, the system will allow customers to reduce energy usage, fuel consumption and operating costs whilst supporting environmental compliance and providing performance information that enables the ship to comply with SEEMP rules and IMO regulations.
The Rolls-Royce EMS is for use in individual vessels or fleets. The system collects and processes data from a multitude of sensors on a vessel. Data sources include the engines, propulsion system, automation, deck machinery and other equipment. The EMS is helping ship and fleet owners lower costs related to energy use, fuel consumption and operations.
QOS Energy has also recently launched an EMS solution for Sun’R Smart Energy’s R&D project. According to lanews.com, The EMS provides aggregation of real-time data generated from the plants, market prices and energy storage units into one single hub. The aim is to provide flexible management system and increase the value of energy management system in electricity market.