Energy consumption has been growing exponentially over the years. Today more than 4.7 million commercial buildings consume more energy than the transportation or industry sectors, accounting for nearly 40 percent of total U.S. energy use. The total energy used by U.S. buildings topped $369 billion in 2005.
According to the US Energy Information Administration, only 12% of the commercial buildings have been built since 2003 and more than half of them have been constructed before 1980 and the median age of buildings is around 32 years.
In 2016, about 39 quadrillion British thermal units (or 40%) of total U.S. energy consumption was consumed by the residential and commercial sectors. Hence, there is a huge emphasis on energy savings in buildings. A report by the Rockefeller Foundation states “Upgrading and replacing energy-consuming equipment in buildings offers an important capital investment opportunity, with the potential for significant economic, climate, …
A comprehensive energy efficiency strategy for a commercial building involves striking a delicate balance between cutting energy costs and maintaining tenant (client) satisfaction. Just like any other form of strategy, an energy efficiency strategy for commercial properties has its advantages.
Building owners and facility managers are often perplexed by the amount of data collected from utilities, maintenance and building management systems (BMS). This data arises from the need to lower maintenance costs, increase their Return on Investment on energy management systems and decrease energy bills.
Energy consumption in commercial buildings is crucial to the management and sustainability of commercial properties. Based on a 2016 EIA (Energy information Administration) energy report, commercial and residential buildings accounted for as much as 40% of the total US energy consumption. This invariably puts energy consumption among the top expenses in the financial statements of commercial buildings.
Commercial property value and insurance premiums have a positive relationship in most cases. Directly implying that an increase in the value of a commercial facility will invariably lead to an increase in its annual premium.
Most buildings use Building Management Systems (BMS) to manage the day to day operations of a facility. While BMS provides features like alerts and notifications and metering dashboards, you are still missing the big picture of the entire data created by the various equipment and systems that consume energy in your building.
Cooling towers are used to remove heat from a building. Cooling a stream of water to a lower temperature using evaporation does this. Large cooling towers are usually used in industries like power plants, petroleum refineries and various manufacturing facilities. They vary in size from large hyperboloid structures to smaller ones on the rooftops of shopping centers, hospitals or universities.
There is no denying in this day and age that everything is somewhat interconnected. This web of interconnectedness implies a direct or indirect influence (relationship) of variables (things, activities) on each other. An attempt to take in to consideration all the variables influencing an activity will be impossible and utterly inefficient. This is why it is only prudent for businesses …