This SMART 100 profile and the information it contains is a duplication of content submitted by the applicant during the entry process. As a function of entry, applicants were required to declare that all details are factually correct, do not infringe on another’s intellectual property and are not unlawful, threatening, defamatory, invasive of privacy, obscene, or otherwise objectionable. Some profiles have been edited for reasons of space and clarity.
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1. THE BEGINNING
This innovation initially came to life when…
…the team at Australian software solutions provider Acresta identified a gap in the market for an affordable yet enterprise-grade visualisation solution for both energy consumption and generation data. It is now well understood that reducing energy consumption and eliminating waste positively impacts both the bottom line and the environment and the first step to any efficiency program is first measuring a baseline because ‘you can’t change what you can’t see’. The GridAnalytics energy-monitoring solution was released in May 2014, complementing Acresta’s other sustainability solution, CarbonView, a powerful, locally developed and internationally used carbon management system.
2. WHAT & HOW
The purpose of this innovation is to…
…provide a cost-effective tool for organisations to track and analyse their energy information, allowing the strategic implementation of energy efficiency programs in the most cost-effective way.
It does this by…
…providing high-frequency, real-time visibility as well as analysis of historical energy usage. GridAnalytics collects and integrates data from multiple sites and diverse sources, thereby providing an affordable yet commercial-grade energy-monitoring solution.
3. PURPOSE & BENEFITS
This innovation improves on what came before because…
…it provides businesses, large and small, with visibility of when as well as where they consume energy so they can significantly lower energy cost through better energy management. Many energy-management solutions are either expensive, complex and closed ecosystem, or basic and too simplistic for enterprise-grade use.
Its various benefits to the customer/end-user include…
…offering a unique view into their operations through energy usage down to circuit level granularity, providing accurate sub-metering for building owners, delivering real-time visibility and detailed reporting options, enabling independent comparison to energy retailer data.
4. COMPETITIVE LANDSCAPE
In the past, this problem was solved by…
…expensive enterprise-grade building-management solutions which often have a complex user interface or manually maintained spreadsheets, which are difficult to keep updated and usually rely on generic usage data supplied by utility billing companies.
Its predecessors/competitors include…
…full-ecosystem building-management product suppliers who have offered expensive energy-management solutions to commercial and industrial consumers for decades. The energy monitoring market is very fragmented and few products compete directly with GridAnalytics.
5. TARGET MARKET
It is made for…
…Energy and Finance Managers who want to easily track, compare and act on energy information down to circuit-level granularity. The feature set of GridAnalytics provides our customers with the core ability to easily visualise energy data, drill down to precisely the load or circuit at a selectable point in time and if needed, to download raw data for more complex analysis, for example a detailed load-by-load comparison, by energy data professionals.
It is available for sale through…
…the sales team at Acresta both locally and overseas as well as through our partner energy management consultants. Optus has now also incorporated GridAnalytics as part of their Machine to Machine (M2M) offering available to its commercial and industrial clients.
Our marketing strategy is to…
…promote the solution via a dedicated website (free trials) and reference to case studies as well as through our channel partners (Optus and existing energy management consultants) in combination with presence at relevant trade shows and conferences. We also plan to appoint additional resellers in the energy efficiency and solar industry and market the solution to our existing customer base.
FINE PRINT: This SMART 100 profile and the information it contains is a duplication of content submitted by the applicant during the entry process. As a function of entry, applicants were required to declare that all details are factually correct, do not infringe on another’s intellectual property and are not unlawful, threatening, defamatory, invasive of privacy, obscene, or otherwise objectionable. Some profiles have been edited for reasons of space and clarity.
