Groom Energy

Enterprise Carbon Accounting Goes Mainstream

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Source: Groom Energy

Latest Groom Energy Report Tracks Corporate Adoption, Provides Current Buyer

SALEM, MA -- (Marketwire) -- 10/03/12 -- Groom Energy Solutions today released the fifth edition of its Enterprise Carbon Accounting (ECA) research. First published in 2008, the report defined the ECA market and quickly became the industry-leading guide, outlining the latest customer trends, innovative technologies and most promising vendors.

The new report confirms the increased adoption of ECA software. In fact, the last 24 months saw more than 600 large corporations including American Airlines, Adidas, Microsoft and Volkswagen Group make software purchases to aid in their sustainability tracking and reporting. Outside of the United States, the technology adoption is also increasing among Asian and South American companies.

With the maturation of the market, many corporate buyers now have experience with their first implementations, know the various vendors and products that best service their business, and have made plans for future rollouts. These companies expect basic Scope 1 and 2 carbon tracking, water and waste modules, and a reporting dashboard, in an easy-to-use, proven system. More advanced companies also expect support for supply chain surveys, energy management, EHS modules and integration with ERP systems.

In the past few years the dominant purchasing drivers have remained constant. In ranked order, they are:

1. Requests from top customers for annual environmental data, including programs like the Walmart Supplier Assessment Program.
2. A desire to enhance company image and increase brand loyalty.
3. Cost savings from improved energy management.

The evolution of the ECA market has driven vendor consolidation and a shift in feature priorities. The largest vendors are broadening their offerings through acquisition while venture capital investment for new players has dropped significantly. The report analyzes 75 vendors and profiles 27 of them. It also names CarbonSystems, CA Technologies, Credit360, Enablon, and PE International as the top 2013 ECA market leaders. The selection criteria were based on the number of customer deployments, technology features, sales momentum, market vision and financial stability.

'The ECA and sustainability software market has rapidly matured. As a result we're seeing slower growth and a large drop in average selling prices,' said Paul Baier, report author and vice president of Sustainability and Research for Groom Energy. 'A clear sign of the market shift is illustrated by our identifying only 5 leaders in this report when in 2011 we recognized 10 leaders. In the next two years we expect to see continued consolidation with a handful of top vendors winning a majority of the sales opportunities.'

Webinar
A webinar to review the results of the report will be held on Tuesday, October 16th at 1 PM EDT. To register, please visit our Webinar page for more information.

Pricing and Availability
The 2013 Buyers' Guide for Enterprise Carbon Accounting and Sustainability Software, can be purchased for $795 per single user and $995 for a company license. To review an abstract of the report or to purchase online, visit www.groomenergy.com/eca.html

About Groom Energy Solutions
Groom Energy Solutions is a leading provider of commercial and industrial energy solutions, with customers including Bed, Bath & Beyond, General Electric, Ocean Spray and Thermo Fisher Scientific. The company delivers a range of services from corporate sustainability and whole building energy assessments to turnkey installations at enterprise facilities across the United States. Groom projects help their customers reduce costs while positively affecting the environment. For more information please visit http://www.groomenergy.com or call 978-306-6052.

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