The energy and operational efficiency landscape is full of innovative technology, new regulations, advanced systems, and complex concepts. Sometimes, it is hard to stay on top of the latest trends and jargon. For this reason, we have developed this glossary to define some of our industry’s often-confused terminology. This is just the first installment; we’ll be expanding the list in the near future.
Advanced failure detection
A process of optimizing maintenance schedules to alert building managers of potentially disastrous equipment or system failures before they occur.
The transformation or modification of human behavior needed within the corporate culture in order to affect change. With regard to energy efficiency and diminishing wasteful habits, behavioral change may come from explaining the need, backing it up with the necessary data, describing the positive effect employee behavior can have, and celebrating successes.
California Clean Energy Jobs Act, Prop 39
Legislation which makes up to $550 million available annually for eligible projects that improve energy efficiency and expand clean energy generation in schools. Eligible local education agencies (LEAs), including county offices of education, school districts, charter schools and state special schools, can submit an energy expenditure plan application to the California Energy Commission. Read more about Prop 39.
Corporate Social Responsibility (CSR)Continuous improvement is an ongoing effort to improve products, services or processes. This is often achieved using energy data to provide insight into production and facility performance. Continuous improvement is a method for identifying opportunities for streamlining work and reducing waste. The practice was formalized by the popularity of Lean / Agile / Kaizen in manufacturing and business, and it is now being used by thousands of companies all over the world to identify savings opportunities.
An initiative to assess and take responsibility for the company's effects on the environment and impact on social welfare. CSR requires reporting on data and benchmarks to corporate stakeholders.
Energy Efficiency Audits
An inspection, survey and analysis of energy in a facility, process or system. Energy audits are meant to reduce the amount of energy input into the system without negatively affecting the output. However, energy audits are expensive (some estimates put the cost at between $5,000 and $50,000USD) and can take several weeks to complete – especially when multiple retail locations are involved. As operations change and consumption models shift, any previous audits become irrelevant and near-useless. Instead, gaining ongoing visibility into all of the systems in the building with a device-level energy management system is a lower-cost solution that provides better insights.
Energy Savings Opportunity Scheme (ESOS)
A mandatory energy assessment scheme for any UK business, not-for-profit body, and any other large business. To comply with ESOS, many UK organizations will turn to device level energy management solutions to make compliance, assessments, record-keeping, and audits more efficient and effective.
The international standard for establishing, implementing, maintaining and improving an energy management system, which is helping real companies achieve real energy efficiency. Companies in all industries, in every country, are enjoying the payoffs of efficient energy consumption, reduced carbon footprints, increased loyalty and teamwork, and improved reputation with customers, suppliers, and investors.
Mandatory Carbon Reporting
A British guideline which requires UK quoted companies, and encouraging all other British companies, to report on their greenhouse gas emissions as a part of their annual Directors’ Report.
A technique designed to help determine the condition of equipment in order to predict when maintenance should be performed. This approach promises cost savings over routine preventive maintenance, because tasks are performed only when warranted.
Devices designed as an engine for real time operational efficiency and system performance management that enables managers to get actionable insights about their energy consumption.
A strategic initiative undertaken by many companies that plays a major role in a company’s operations I order to remain competitive in the market, uphold Corporate Social Responsibilities (CSR) and abide by increasingly stringent regulations. Read more about Supporting sustainability programs.
The landscape of energy management solutions is changing. Learn about the importance of managing and monitoring energy in the retail industry.