RTEM one of the most important M&V tools for energy service providers
“The Role of Real Time Data in Monitoring & Verification” was recently published in Efficiency Valuation Organization (EVO) Measurement & Verification Magazine.
This article explains the role of real-time energy data for monitoring and verification (M&V) purposes, and was written by Eric Oliver, PE, CEM, LEED® AP, Director of Energy Solutions at CircuitMeter’s channel partner 2RW Consultants Inc.
Measurement and Verification methods and strategies are governed by the International Performance Measurement and Verification Protocol (IPMVP®), first established in 1997. The article explains the difference and relevance of the term “monitoring and verification” and the value of granular, detailed, continuous real-time energy data. Monitoring and verification tracks energy usage over a longer time period than Measurement and Verification in order to create a more complete energy audit of a facility’s energy performance over time instead of a snapshot.
The growth and accessibility of Real Time Energy Monitoring (RTEM) platforms promote more detailed analyses, and promise to see granular data become a fundamental aspect in advanced M&V strategies. RTEM platforms consist of groundbreaking electrical energy submetering hardware, integrated with Big Data cloud based energy monitoring enterprise software, to monitor and track progress in achieving energy and carbon reduction goals. A new generation of technology is making it economical to utilize the granular data required to effectively manage energy in real time as well as contributing to the value associated with the “Internet of Things” (IoT). Combining real-time communication with cloud-based, big data energy analytics, this new IoT technology has the ability to break down energy usage data to pinpoint the exact location and time that energy is wasted for a multitude of electrical and mechanical equipment connected to each other through the internet in order to attain peak operational efficiency.
The article includes graphs to clearly illustrate energy savings from energy conservation measures using pre and post consumption energy data. Utilizing a robust RTEM platform to verify energy savings can be one of the most important M&V tools for energy service providers.
To read the complete article in Efficiency Valuation Organization (EVO) Measurement and Valuation Magazine, click here: The Role of Real Time Data in Monitoring & Verification.
To learn more about the wide array of energy consulting services offered by CircuitMeter’s channel partner 2RW Consultants Inc., please visit 2rw.com.