Survey shows majority of energy efficiency leaders to invest more in 2014
September 5, 2013 - According to survey results just released by Schneider Electric, 43% of energy leaders say their investment in energy efficiency next year is projected to be more than it was last year; 22% said their projected investment would stay the same, and 10% reported it would be less than last year.
By Anthony Capkun
“With the majority of respondents reporting energy efficiency investments to be the same or more than last year, it’s clear that the benefits of energy efficiency are speaking for themselves,” said Chris Curtis, president and CEO, North America Operations, Schneider Electric (photo).
Conducted in June at Schneider Electric’s Xperience Efficiency events in Washington, D.C. and Dallas, Texas, the survey includes responses from 369 leaders in energy efficiency from business and government sectors, and was intended to provide insight into the future of energy efficiency and challenges organizations face.
64% of respondents reported energy cost savings as the biggest driver impacting energy management investment decisions. Government incentives came in second with 10%, followed by government policies and industry standards with 8%, executive mandate with 6% and brand image with 5%.
The majority of respondents (63%) reported they had invested in energy efficiency programs in the past 12 months. Specifically, the two most common energy management practices they adopted were tracking and analyzing data (29%) and energy audits (also 29%).
The respondents also shared their thoughts on which energy management approaches will take hold in the next five years, predicting that building automation (24%), efficient lighting (21%) and data centre efficiency (16%) would become the most popular.
And here’s an interesting tidbit: 60% of respondents said that they have someone in their organization responsible for energy management.
“While these results show good progress, we have a significant opportunity to do more,” added Curtis. “We have many opportunities right now—practical, tangible actions any business, government or homeowner can take—to improve efficiency with a quick return on investment and immediate results.”
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