Verdantix Green Quadrant Showcases Leading Energy Management Software Vendors In A Dynamic Landscape

Verdantix Green Quadrant Showcases Leading Energy Management Software Vendors In A Dynamic Landscape

The recently published Verdantix Green Quadrant: Energy Management Software 2023 assesses 15 energy management software (EMS) vendors across their products’ technical and functional capabilities and their market momentum. Our research included one-and-a-half-hour live software demos with participants, a 66-point factual questionnaire, interviews with corporate buyers of EMS, desk research, and the findings from our 2023 global corporate survey of 303 real estate executives. Vendors featured in this Green Quadrant are ABB, Accruent, Bueno, Carrier, Enel X, EnergyCAP, Facilio, GridPoint, Honeywell, Johnson Controls, MRI Software, Nordomatic (Spica), Schneider Electric, Siemens and Spacewell.

What are the key takeaways from this benchmark of energy management software applications?

• Vendors have enriched their solutions with deeper functionality.
  The traditional core of EMS may not have fundamentally changed in the past 15 years, but the functionality contained within it certainly has. Vendors have embraced technological innovations in the field of AI, with machine-learning-powered predictions and analytics and natural language processing importation of utility bills to enhance capabilities. Vendors such as GridPoint and Schneider Electric have developed near-agnostic connectors to maximize compatibility with existing building equipment and applications and drive solution uptake.
  
  
• Volatile energy prices coupled with impending carbon reporting legislation are driving solution uptake.
  Energy prices continue to be rocked by ongoing geopolitical conflict and – also facing high central bank interest rates – firms are focusing on cost efficiencies wherever possible. EMS allows firms to monitor and understand their consumption, and subsequently take proactive steps to make it more efficient. Looming carbon reporting legislation in Europe and the US – as well as local legislation in varying geographies – is prompting organizations to track and reduce their energy consumption. In response, vendors have acted to incorporate carbon calculation and other accounting and reporting features into their offerings.
  
  
• Buyers are presented with a range of business models for managing their energy needs.
  The entrance of traditional building equipment manufacturers into the EMS market – alongside the increase in vendors offering managed services to unlock greater energy efficiencies – presents buyers with a choice of business models. Vendors now offer hardware, services and software in bundled packages, with the likes of Johnson Controls going as far as to offer equipment-as-a-service financing to drive greater energy and carbon reductions, and vendors such as Enel X and Siemens providing dedicated energy procurement services delivered by in-house consultants. Buyers are capitalizing on these offerings, with 85% of global survey respondents stating that they plan to increase spend on energy efficiency and sustainability management service providers over the next three years.

To read the full report, gain access here: Verdantix Green Quadrant: Energy Management Software 2023.