3 Myths Stopping You from Maximizing the Value of Meter Data

Presenters: George Huettel, Business Solutions Director, Ecova and Joe Aamidor, Project Manager, Lucid

May 21, 2015

Meter Data

Geo dispersed locations

Financial benefits

Multiple options to manage resources

“The technology is too expensive to provide an attractive Return on Investment.” 1

Industry Shifts Creating Unfounded Myths

“Getting buy-in throughout our organization is tough because they don’t understand how it can help them.” 3

2 “Our internal team doesn’t have the experience or level of understanding required to use meter data effectively.”

Myth #1

“The technology is too expensive to provide an attractive Return on Investment.”

Metering Technology in Buildings is Still Rare

5M commercial buildings in the U.S.

$35B spent on commercial building automation in 2013

30%+ of energy is wasted

<50% of commercial buildings still don’t have automation technologies

Many Technologies Available Between Bill Data and BMS

Building System Complexity Low High

Bill Data

Smart Meter Data

Building-level Sub-meters

Circuit-level Sub-metering

IoT Device Control

BMS Automation

Technology Becoming Accessible To A Broader Audience

Real-time interval data is more accessible and more available

Technology is cheaper, and there are more options (IoT is coming to buildings)

Submetering a building is less expensive and can be self-installed (or installed quickly by a vendor)

Software can pull together multiple systems, across your portfolio, in an intuitive and data-rich interface, for all stakeholders

Smart Meter Data

Green Button

Smart Meter Data

Building-level Sub-metering

Circuit-level Sub-metering

Myth #2

“Our internal team doesn’t have the experience or level of understanding required to use meter data effectively.”

Impact to Building Management Professionals Software that enables a new

model – Proactive, not reactive building

management – Focus on higher value tasks

Ubiquitous software - accessible everywhere, everything normalized and centralized

Note: (Data from a International Facility Management Assn survey of facility managers, 2010)

0

15

30

45

60

75

90

Higher Ed

K-12 Muni Gov

State Gov

Federal Gov

Corp Comm RE

Health Care

Operations/Maintenance Staff for Facility Management (FTEs)

Enhanced Clarity in a More Timely Manner

12 monthly bills 15 minute data (35,000 readings)

How A Media Company Saved $90,000 In 1 Month

12am 6am 12pm 6pm 11:59pm 12am 6am 12pm 6pm 11:59pm

BEFORE AFTER

Lucid integrated 90+ meters including all legacy hardware that the company was using

Found irregular energy use patterns during the day and overnight hours because they aggregated data

− Low-cost schedule optimization saved 27% of building energy use in 3 buildings, saving $90,000 in 1 month

Myth #3

“Getting buy-in throughout our organization is tough because they don’t understand how it can help them.”

Effective Meter Data Management Benefits Multiple Areas

Maintenance/ Real Estate Teams

Energy/ Sustainability Teams

Finance Occupant Engagement

Corporate Level Ops Management

Accounting

Summary

Myths are based on real beliefs in the market

The industry has and will continue to evolve

Low cost technology options exist

Simplified user interface improves adoption

Value proposition extends across the organization

Upcoming Webinars

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Questions, comments, suggestions? webinars@ecova.com

Q&A

Thank you!