How do you Maximise the Value of your Real Estate Energy Assets?

As an asset owner, your priority is to increase the operating life of the asset and reduce costs. You want to decrease the energy consumption; a process that is beneficial for your organization and environmentally sustainable. So, how do you maximise the value of real estate energy assets? By implementing an energy efficient program in the building.

Advantage of Energy Efficient Programs in Buildings

An energy efficient program is a smart investment. It is a high return low risk investment scheme. And, the Energy Star certification statistics are here to prove it! In 2020 alone, 6620 commercial buildings across the world earned the Energy Star certification. In total, these buildings saved approximately 100 billion Indian Rupees in costs. Additionally, the certification helped prevent the emission of more than 5 million metric tonnes of greenhouse gas. As per Energy Star, on average, certified buildings save 35% more energy than your typical building. It is vital that building owners realise the value of energy conservation. An energy efficient program maximises the value of assets in real estate in turn helping increase the building’s value as well.

How do you Implement an Energy Efficient Program?

A 3 step energy efficient program maximises the value of your energy assets in buildings. They are:

The Energy Star Tracking Tool (ETT) is the ideal instrument to measure and track your building’s energy performance. As per Energy Star, organizes energy data, lays down energy and emission reduction goals. The tool then proceeds to track progress towards those goals from a set starting point with the help of a simple dashboard and pre-formatted reports. The EET program supports a variety of industries covering a broad spectrum of services. The key benefits of ETT are:

With ETT’s customizable energy intensity metrics, you can specify production based units as per your requirements such as tons of product or labour hours. These specific units help normalise energy and emissions. The normalization in turn helps fair comparison of energy and emission against set values or against similar facilities.
ETT’s portfolio-wide dashboard function helps you analyse summary and the progress made with respect to the goals set.
With the preformatted reports, you can analyse data and communicate the findings effectively.
ETT generates a Statement of Energy Improvement that helps document the decrease in energy consumption at a facility.

Making your employees aware of efficient energy management is crucial is maximising the value of energy assets. Getting your employees involved, asking them the right questions, and motivating them to come up with innovative ideas to save energy in the building is key.

Whatever the business may be, implementing processes and techniques that help you save energy is always a good idea. One such technique is an energy audit. The purpose of an energy audit is to recognize the touchpoints in the building where you’re wasting energy and help you rectify it.

So, how does an Energy Audit work?

An energy audit helps an organisation assess all the processes in the building that use energy. The energy audit process begins with a utility meter that tracks all the energy sources coming into a building. The auditor then locates the energy quantifier for each fuel source. Next, it quantifies the energy streams into discrete functions and assesses its efficiency. All these help the process identify energy and cost saving instances.

The energy audit process usually is made of 4 steps:

Identifying the energy assets/systems.
Evaluating the condition of the energy assets/systems.
Assessing and analyzing the increase in energy efficiency of the assets/systems.
Preparing the energy audit report.

The energy audit report includes the usage and the occupancy percentage of the building as well as the condition of the building and its equipment. The report also contains suggestions as to how energy efficiency can be carried out via operations, maintenance and implementation of energy conservation measures.

Tools for an Energy Audit

So, what are some ways in which energy audit can be carried out?

Thermography in buildings is carried out via infrared videos and still cameras. These tools measure the temperature of surfaces by designating white as hot regions and black as cool regions. By assessing the recorded data in the videos and still cameras, the auditor decides whether insulation is required or not. Additionally, these tools help determine whether the insulation has been installed correctly thus ensuring efficient energy management for HVAC systems.

Vibration and bearing shock pulse analysis enables an auditor to measure vibration and shock pulses of assets via predictive maintenance to determine their condition and operating life. A cost-efficient and widely used vibration measurement and analysis is the broadband vibration. The two ISO certifications that can be obtained in this analysis are the much used ISO 2372 and the newer version, ISO 10816.

To learn more, book a strategy meeting with our FM software expert. As a facility head, you can pick and choose automated services that help you bring efficiency in your operation at all levels of service delivery. With VAR, you don't just meet your goals; you exceed them! We are the only facility management services company in India to have their operations certified under an integrated management system. To know more about our services.

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So, how does an Energy Audit work?

Tools for an Energy Audit

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