Energy Efficiency Market Growing

Industry Executives Predict a Growing Market for Energy Efficiency Solutions

A survey of utility executives conducted by Comverge to gauge their opinions on smart grid and energy efficiency issues revealed a widely-held expectation that budgets for energy efficiency resources will increase significantly in 2011. A full 92% of respondents indicated that they anticipate an increase in energy efficiency investments. Of all respondents 50% foresee a rise of 10%, 21% predict a rise of 11-20% and 21% expect an increase of 21-100% of current investment levels.

When asked what the most critical feature of a next generation energy management solution will be, the top three responses were support for open standards (35%), ability to measure and verify results (20%), and control and automation (19%).