New study identifies leading companies in energy management software
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A new survey from independent analyst firm, Verdantix, identifies four leaders in the energy management software market. The report entitled “Green Quadrant for Carbon and Energy Management Software (Global)” analyzed the 15 energy management software companies (out of a field of 60) deemed most capable of supporting multi-country, multi-site deployments for large companies (i.e., companies with revenues exceeding $1 billion). In order to better understand the market, Verdantix interviewed 15 large organizations that purchased or are planning to buy energy management software. Similar to the findings of a recent IBM study on energy management practices, more than two-thirds of the companies interviewed by Verdantix reported that energy use reduction is the highest priority for companies interviewed (up sharply from 47 percent in its 2010 report).
Based on the buyer interviews and previous research, Verdantix created weighted evaluation criteria by which to score each of the 15 applications. Each software company provided Verdantix with a two-hour live product demonstration and a completed questionnaire covering 115 categories. From this process Verdantix assembled their “Green Quadrant” which is based on two primary dimensions: 1) energy management capabilities and 2) alignment with strategic success metrics such as market vision, internal sustainability performance, product strategy and financial resources.
Out of the 15 companies evaluated, IBM was named as a leader and earned a leading designation for the “Commercial buildings energy data capture” criteria which assessed how well the energy management software integrates with energy meters and building management systems within commercial buildings, and how the software captures individual project data associated with commercial building energy efficiency projects. According to the report, “Monitoring and targeting is essential" as organizations move to more advanced energy project portfolio management.