Noveda Technologies, Inc. applications

Energy spending represents one-third of typical operating budgets in a commercial building. As electricity prices increase in the next 1-2 years (6%  or more predicted by Deloitte), energy expenditures will become more significant.  Asset values are also impacted by energy savings (A 10% savings can increase value by $500,000 for a 200,000 square foot building.) Furthemore, green buildings demonstrate increased rental rates, occupancy premiums and higher occupant productivity (CoStar group study). Key to achieving the benefits from energy reduction is the visibility into your energy cost drivers.

Energy spending is significant in retail, with companies spending nearly $20 billion on energy each year.  A 10% decrease in energy costs has an equivalent impact on operating income as a 1.26% increase in sales for the average retail store. Key to achieving the benefits from energy reduction is the visibility into your energy cost drivers.

Energy is a significant expense for schools and colleges. In schools, more money is spent on energy than textbooks & computers combined. According to the EPA, educational institutions in the US spend nearly $14 billion annually on energy, of which 30% is wasted or inefficently used. Reduction in the waste in energy spending means more money for teacher salaries, textbooks and computers. For example, a 10% reduction in energy use can fund purchase of 1 million new computers in classrooms across the US. Studies have also shown that students in green schools get better test scores and demonstrate reduced absenteeism. Key to achieving the benefits from energy reduction is the visibility into your energy cost drivers.