According to a Pike Research report released this week, the market for energy management systems (EMS) in commercial buildings will grow rapidly to become a $6.3 billion industry by 2020. The reason behind this growth is the expected widespread adoption of demand response in commercial buildings. EMS systems are based on hi-tech building management software, which enables demand response by allowing building systems to adjust power usage to reflect grid conditions.
Reports of new product launches of smart grid and energy management tools and software by clean energy companies, such as Comverge and Sequentric, are now daily events. Many of these companies gathered this week at the 2009 Cleantech Open in San Francisco, where Redwood City company EcoFactor won the Cleantech Open award for its energy management system that can talk to home thermostats to reduce energy usage.