This article was first published by Energy CIO Insights. eCurv has since rebranded to DemandQ
Consider this: Electricity costs are on an upward trajectory, evolving into one of the key drivers of operational expense for commercial enterprises. In order to control these costs, companies must acquire the real-time data that will enable the digital transformation of energy management. Without that data, enterprises will be unable to effectively prioritize the operational changes required to maintain profitability in the face of rising expenses.
DemandQ’s patented intelligent demand optimization technology dynamically reduces the incidence and severity of the peak demand events that lead to high energy utilization costs. In markets where demand charges are levied, a single peak demand event can drive over 40 percent of the total monthly electric bill. DemandQ’s intelligent demand optimization technology integrates seamlessly with each customers’ energy management system, continuously evaluating the status, needs, and capacity of all the connected devices at a site. DemandQ then formulates and delivers an optimal strategy for the operation of these systems by intelligently queueing up access to power and shifting a small pe rcentage of the “work” done by as little as a few seconds to reduce incidences of costly demand peaks to ensure that energy-consuming devices do not utilize power simultaneously.
The result: the automatic and dynamic optimization of electricity utilization by the appliances that are the root cause of high energy expenses. DemandQ’s technology minimizes peak demand and consumption charges without any negative impact on the controlled services.
“By micro-time shifting the daily operations of appliances like HVAC units, DemandQ reduces energy costs by on average 10 percent every month, without requiring any human intervention,” says Gary Morsches, CEO of DemandQ.
DemandQ technology accelerates the financial return on energy program investments. Its cloud-based services can be rapidly deployed across hundreds of sites within a few weeks with zero hardware installation required. This also contributes to sustainability targets and run more efficient operations.
By micro-time shifting when an appliance runs, DemandQ reduces demand and consumption costs by an average of 10 percent, without human intervention or disruption of operations.
Prior to deployment, DemandQ conducts a detailed analysis of each clients’ building operations and evaluates the status of the control systems installed across their entire real estate “footprint”. Frequently, a pilot project at a target site will be conducted to demonstrate the efficiency and economic value of DemandQ’s services.
Collaboration with DemandQ has proven to be a turning point for a major big box retail firm. By transforming how and when energy is utilized, this customer has significantly decreased its carbon footprint, reduced their energy expenditure by 10 percent, and driven over $1 million to the bottom line.
Peak demand charges have been increasing and will continue to be a key factor in rising energy costs. However, by deploying digital transformation platforms, like DemandQ’s Intelligent Demand Optimization system, business entities can usher in an era of efficient energy usage. DemandQ has emerged as the gateway to this era.