Energy management is the new black for corporate innovation, according to Elias Hinckley of Sullivan & Worcester and his co-author Therese Miranda-Blackney. They describe the burgeoning industry as “a market made up of part energy efficiency, part Big Data solution and part Internet of Things” and predict it will reach the multitrillion-dollar level. The big business idea is that changing how companies consume energy will have social and economic benefits in the near future.
“Historically, only facility managers of commercial and industrial facilities, and a handful of individuals that were exceptionally excited about energy use or its environmental impact, purchased energy management tools,” say the authors, who explain that as a result the tools were developed for engineers, a small and sophisticated audience.
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