Member Article

Utilitywise secure US patent on energy saving technology

North East utilities consultancy Utilitywise have secured a patent on their technology which verifies energy savings.

The South Shields firm’s Edd:e energy monitoring system measures the impact of energy saving initiatives so users can see the return on their efforts.

Geoff Thompson, CEO at Utilitywise, said the patent, granted by the US Patent and Trademark Office, underlined Utilitywise’s dedication to finding innovative solutions to long-standing problems.

He said: “The simple fact is that energy prices are rising. Wholesale markets will continue to push prices upwards, but the UK is also going through its most important piece of energy legislation in the last 15 years and this will shape the landscape up to 2050.

“End users of energy will be effectively funding this as customers will see up to 25% increases from this alone. Edd:e is a critical measurement and verification (M&V) tool that will help with various energy efficiency initiatives as end users look to mitigate the large escalating costs of using energy.”

Thompson explained how Edd:e’s detailed approach differentiates it in the marketplace.

He added: “We have always been proud of Edd:e and we are delighted to have secured this patent, because it really does offer something unique in the marketplace.

“Edd:e monitors power minute-by-minute, 24 hours a day seven days a week It lets businesses see exactly how much power is being used, where it is being used, and when.

“For example, Edd:e can demonstrate how much energy is being used by lighting, down to individual rooms or sections, or analyse the consumption involved with key heating, ventilation and control (HVAC) processes.

“Edd:e uses Utilitywise’s web-based reporting platform that gives customers real-time updates. With help from our energy consultants, they can carry out fast and accurate assessments of ways in which they can improve their energy use.

“The very fact that staff know that power use is being monitored with this precision creates a pressure to start turning equipment off when it is not in use and investigate any spikes in power use.

“Edd:e is also being used to provide assessments on energy saving equipment and technologies allowing a business to compare the stated energy efficiency rating with the real on-site reduction.”

This was posted in Bdaily's Members' News section by Tom Keighley .