- Zenergy combines approach to changing energy habits, adding autonomous controls to cut utility consumption
- Residential users of smart home technology expected to reach 53.1 percent by 2022
- Revenues from corporate energy-efficient HVAC systems expected to reach $61.2 billion across the globe by 2027
The global press toward finding technology-based advances that are more environmentally friendly, energy-efficient and “smart” is reflected in a variety of industries. Zenergy Brands, Inc. (OTC: ZNGY) is lending its resources and experience to those efforts in the utilities use sector.
Drawing on a history of technology and energy entrepreneurship, Zenergy Brands is attempting to shake the foundations of monopolistic “legacy” business entities with a platform that combines energy services and smart controls to sharply reduce utility users’ carbon footprint without depriving them of needed services. The innovative new tech-driven approach relies on optimization of services on a case-by-case basis.
The value of energy conservation stretches across boundaries, affecting municipal customers as well as much larger industrial and commercial entities. An analysis of current trends by Navigant Research has led to a new report forecasting that global energy-efficient HVAC systems in commercial buildings alone will produce $61.2 billion in revenues by 2027, more than doubling the market take of $29.4 billion that’s expected this year (http://nnw.fm/iVe7t). The report anticipates that the majority of the increase will come from the Asia-Pacific region, followed by Western Europe — accounting for $51.4 billion between them.
“These technologies support Energy Cloud platforms such as Building-to-Grid, Transportation-to-Grid, and Smart Cities,” Navigant Research Analyst Courtney Marshall stated in the report. “Efficient HVAC technologies enable connections to the grid to commercial buildings by optimizing equipment operations, all while maintaining comfort for their building occupants.”
Analysts at PwC reported last year that, “Owners of commercial buildings are installing energy monitors to help gauge variations in consumption and predict future fuel requirements,” and that many high-profile companies are establishing energy-efficiency goals for 2020 (http://nnw.fm/T7AzQ).
Analysts at Statista found that 32 percent of residential consumers have adopted autonomous smart home technology to manage their usage (http://nnw.fm/2JzQW) and predicted that this figure would reach 53.1 percent by 2022. Accompanying revenue estimates predicted growth from $18.87 billion this year to $32.80 billion in 2022, with a CAGR of 14.8 percent. Most of that revenue is generated in the United States, where electronics supplying information and entertainment-hungry consumers are always on.
Zenergy’s Zero Cost Program provides a means for its customers to upgrade their older, inefficient equipment without upfront costs and to examine long-standing habits that may not be conducive to a greener environmental approach. The company states that it can reduce customers’ utility expenses from 20 to 60 percent through advanced tech-friendly controls, conservation solutions and building automation systems and retail energy plans.
More efficient use of water utilities would also create a beneficial effect for the nation’s electrical grid. The Environmental Protection Agency estimates that three to four percent of electricity consumption, equivalent to about $4 billion, is used to provide drinking water and wastewater services each year. Water and wastewater utilities are typically the largest consumers of energy in municipalities, the agency states, often accounting for 30 to 40 percent of total energy consumed (http://nnw.fm/A6Lea). In 2016, U.S. electrical utilities spent $3.6 billion on customer incentives geared toward energy efficiency, according to a recent U.S. Energy Information Administration (EIA) survey (http://nnw.fm/9Foha).
For more information, visit the company’s website at www.ZenergyBrands.com
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