Massachusetts-based energy solutions company Groom Energy released a report identifying new trends in the Enterprise Smart Grid market, an emerging area the firm identifies as an intelligent network for understanding and managing dynamic energy consumption in large organizations. The report aims to identify products and services available to help corporations better manage and monitor their energy consumption and clarify the vendor landscape of those solutions for corporate buyers.
ESG includes digital metering and control technologies that allow energy managers and operators to monitor where, when and how energy is being consumed while optimizing consumption based on business rules, embedded intelligence and behavior change, according to Groom Energy. The company pegs the ESG market at $6.2 billion and says it will grow 30% per year over the next four years.
“By applying the principles of the Enterprise Smart Grid, large organizations can effectively drive energy efficiency performance across their operations,” Paul Baier, report author and vice president of research for Groom Energy Solutions said in announcing the study July 16. “Our report helps corporate energy managers categorize the overwhelming number of vendor offerings, each with its own capabilities, benefits and limitations.”
The report identifies a growing landscape of large ESG vendors, a 30% drop in the installed cost of submeters used to monitor energy consumption, and an increasing interest among corporate buyers for vendors with a broad product and service portfolio for energy management solutions. The company identifies vendors of building management systems, utility bill payment, carbon management, energy management, demand response, industrial controls, and submeters, among others, in its top 10 list of ESG vendors, which it calls the Top 10 ESG Leaders.
Groom Energy’s Top 10 ESG Leaders are based on the strength of the company’s product, its financial stability, the financial payback of the solution, its number of customers, sales momentum in the last 18 months and its product vision. The Top 10 ESG Leaders are listed in alphabetical order:
- EFT Energy
- eSight Energy
- Phoenix Energy Technologies
- Schneider Electric