About the White Paper
Meazon white paper claims that understanding the type and amounts of energy consumed by various systems within a building is fundamental in creating an energy-saving policy and driving consumption down. Building sectors are responsible for approximately 42% of the world’s total annual energy consumption. Most of this energy is used for the provision of lighting, HVAC systems, and electricity-based office appliances. Buildings in the developed countries account for 50%-60% of electricity use.
The energy industry is going through a huge transformation process mainly driven by the introduction of sustainable energy production sources in the energy mix of every country potentially leading to a gradual reduction of CO2 emissions. This was made possible through the production cost reduction of renewable energy production technologies such as photovoltaics. The energy storage industry is moving also fast with the introduction of the electric vehicles and new-age battery storage systems. These facts lead to potentially every energy consumer be considered as an energy producer (prosumer), bringing tectonic transformation in the energy utility industry.
Real-time energy management on both user and load level becomes critical for load balancing and energy efficiency reasons. Every energy user and load should potentially be connected and controlled by the Grid in real-time, providing information about energy consumption, production, and control. Internet of Things is the technology that enables real-time data to be communicated in real-time to and from the loads to central decision points, where energy service providers such as Utilities, Aggregators and Energy Saving Companies (ESCO) process them and provide relevant energy management and efficiency services.
Energy saving is cheaper than energy production
Yes, that’s true! A part of the cost savings generated is used to pay off the energy efficiency investments during a finite time period – usually 3-5 years. During this period the customer still enjoys energy cost reductions. Following the energy-saving project pay off period the customer enjoys even greater energy cost reductions, affecting positively bottom-line results.
Energy efficiency projects are tightly related to financing. The risk of this type of project is correlated mainly to delivering contracted energy savings. In order to analyze in a reliable manner energy efficiency projected savings in a building, one must measure in as much detail as possible the basic loads and build a business case. Following the implementation of energy interventions, the continuous monitoring of the building’s energy performance becomes necessary, in an even more detailed manner than in the analysis phase. This happens because there is always the need for a deeper analysis of specific loads of energy performance. Up to now, energy efficiency investments had to overcome 3 main barriers of energy monitoring and management, affecting the whole investment:
- Large energy submeters, preventing the monitoring of many loads in the same power distribution panel
- Expensive equipment and installation costs including wiring and complexity
- Monolithic and closed energy monitoring and control systems, locking in the customer with specific vendors for the overall investment lifecycle
Meazon puts an end to all these issues, creating an inflection point and acting as a catalyst to unleash billions worth of energy efficiency investments.
Meazon’s Bizy energy monitoring and control platform feature wireless, easy to install and revolutionary small energy submeters, with an open interface to the cloud and low Total Cost of Ownership. The platform is integrated into a Microsoft Azure cloud-based energy analytics platform, providing meaningful energy management anywhere anytime.
Meazon’s energy monitoring and control platform feature wireless, easy to install and revolutionary small energy meters, with an open interface to the cloud and low Total Cost of Ownership. The platform is integrated into a Microsoft Azure cloud-based energy analytics platform, providing meaningful energy management anywhere anytime.