Energy Asset Management Programs Read Dividends

The Climate Registry urges organizations to reduce energy consumption and energy asset management calls for these companies to collect data from their systems. The data is evaluated by management, who in turn classify the efficiency of the systems and take steps to improve energy use. The goal is to reduce carbon emissions and the potential for global warming.

The Climate Registry is a voluntary agreement between North American states, provinces, territories and native sovereign nations. The facilities, companies, municipalities and organizations who join the registry are working towards a common goal of identifying, recording and tracking greenhouse gas emissions in an effort to reduce global warming.

Emissions reporting is a key component under the Climate Registry. This reporting procedure stipulates that companies identify harmful emissions and take steps to manage them. The ultimate goal of reducing the company's carbon footprint dictates current and future greenhouse gas emissions be identified and managed.

Within an electrical distribution grid, energy asset management covers all sources — distributed generation of energy, energy storage devices and renewable energy sources. As constant, real-time monitoring of indirect and direct sources is required, asset management software is indicated as these programs can best handle multiple sources and locations around the world.

Energy asset management can track greenhouse gas emissions from specific assets in addition to tracking and recording real-time energy use. For example, emissions from lighting, transport, vehicles, heating, ventilation and air-conditioning systems, and commercial refrigeration and air-conditioning systems. As organizations get a better handle on the impact of carbon emissions, they're also tracking the success of their energy reduction efforts.

The Climate Registry provides energy asset management protocols as a means of tracking and reporting greenhouse gas emissions. The guidelines provide an in-depth review of all site and asset-specific attributes linked to energy use. Automated programs are recommended for the management process because they more accurately measure all energy sources and harmful emission sources. Software programs provide greater oversight, such as providing an hour to hour record of energy consumption by asset.

As energy is a major expense for any company, any call to improve operational performance and reduce energy risk is welcome. Energy asset management aims to find short and long-term objectives with regard to consumption. Areas of opportunity are revealed and a plan of action implemented. Risk factors associated with operation, design and maintenance are identified as part of a comprehensive plan for managing all sources of energy.

An energy asset management program, specifically as it relates to reducing greenhouse gas emissions, combines strategy and policy with regulatory compliance to create practical opportunities throughout a companys entire energy chain. As such, energy use is reduced, costs are controlled and the health of the environment improves.

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