Verdantix Assesses Industrial Energy Management Software

Verdantix Assesses Industrial Energy Management Software

A new report from Verdantix found that firms with energy costs that are greater than 10 percent of their total operating costs should invest in a new wave of industrial energy management software to achieve best in class operations. The report, Smart Innovators: Industrial Energy … Read more…

Schneider Electric Offers $5 Billion for Invensys

Schneider Electric Offers $5 Billion for Invensys

France’s Schneider Electric is in talks to buy Britain’s Invensys for $5 billion. Invensys shares rose on the news, but some investors hope for a counterbid, possibly from Emerson Electric, General Electric, or ABB, reports Bloomberg. Invensys operates in more than 180 countries and employs … Read more…

Energy Management Market ‘to Almost Double’ by 2020

Energy Management Market ‘to Almost Double’ by 2020

Worldwide spending on industrial energy management systems and services, including software components, will grow from $11.3 billion in 2013 to $22.4 billion in 2020, according to a study from Navigant Research. That amounts to a compound annual growth rate of 10.3 percent, according to the report, … Read more…

DOE-Funded Project Aims to Improve Industrial Energy Use

DOE-Funded Project Aims to Improve Industrial Energy Use

The US Department of Energy has awarded a clean energy manufacturing contract for a $10 million project to develop the nation’s first open smart technology platform for collaborative, industrial and networked information applications. The project, led by the Smart Manufacturing Leadership Coalition, will receive $7.8 … Read more…

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