How to Mobilize Data for Energy Management

Three steps to optimize energy costs while monetizing data. Access the right data to enhance operational efficiency.

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With energy costs rising, companies are increasingly looking for more out of their energy investments—more megawatts for their dollar and more ways to monetize their operational data.

Every company, regardless of industry, is at a different stage of their energy management journey. While every journey is unique, real progress begins with data. Access to the right data can help companies unlock operational efficiencies and cut energy costs.

There are three key steps to mobilizing data for energy management:

Step 1: Collect the Right Data


Start by collecting and aggregating energy data to track your process. This requires full hardware and software system integration across all assets and sites. The right data can unlock insights into:

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Portfolio and site-specific energy consumption

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Usage patterns by process or asset


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Energy bill insights

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Savings & resiliency opportunities

Step 2: Put Your Data to Work


With your data collection systems in place, it’s time to make sure you’re maximizing the returns on your investment.

Compare performance data to a baseline to identify opportunities and areas of concern. This might involve running simulations to evaluate investment and generation opportunities, or using digital twins to understand how an asset’s generation or storage capabilities compare to its expected performance.

The more closely you manage your data, the faster you’ll be able to identify issues and opportunities to monetize your energy assets.
 

Potential Issues Data Can Identify:

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Underperforming solar panels

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Energy hogs

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Impacts of extreme weather

Step 3: Monetize Your Assets and Reduce Operational Expenses


You can monetize your energy assets to accelerate your return on investment by leveraging software to:

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Optimize energy dispatch and trading strategies to capture incremental value

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Reduce loads and minimize peaks at opportune times

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Participate in demand response or virtual power plant programs

Get More From Your Energy Data
With NextEra 360™


NextEra 360 has the low-cost metering, data logging, communications, and distributed data solution you need to provide site and asset-level performance insights to identify cost reduction opportunities and mitigate risk through improved accuracy.

1-3%

NextEra 360 customers see a 1-3% improvement in energy performance.*

20-30%

NextEra 360 customers
capture 20-30% more value than manually trading.

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Contact Us

Get started by scheduling a free customized 30-minute demo of NextEra 360 comprehensive energy management software with one of our technical experts.



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