17 Apr '12, 9pm

Why it's time for industrials to step up their energy management: With industrial and manufacturing companies gu...

Why it's time for industrials to step up their energy management: With industrial and manufacturing companies gu...

Although some industrial and manufacturing companies have upped their energy management efforts, they need to do more to stay cost competitive, a market intelligence firm warns. With industrial and manufacturing companies consuming nearly one-third of all energy in the U.S each year, improvements in energy efficiency can have a big impact on their bottom lines, according to a report this month by Pike Research in Boulder, Colo. As mid- to large-size industrial companies increasingly wake up to this reality, the energy management software will boom, growing from $960 million a year to more than $5 billion by 2020, the report predicts. "Energy efficiency is an area where American industry can increase its competitiveness. Labor costs will be hard to compete on, for example, but energy is an area with opportunity to reduce costs," said Eric Woods, a research director in Pike’...

Full article: http://www.greenbiz.com/blog/2012/04/17/industrials-energ...

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