Wattics energy analytics simplifies the calculation and reporting of kWh, CO2, F-gas, heat energy and other data required for regulatory compliance

Today, the global energy transformation is facilitated through a large number of directives, compliances and certifications. The common thread among these is the need to the measure and verify the amount of energy consumed, tonnes of CO2 emitted, kWh saved and so on.

Energy professionals need to be equipped with the right tools to do much more than simple monitoring. Available energy management software (EMS) often lacks specific analytics for professionals to perform the calculations across energy data to generate the insights required for compliance.

“Available energy management software (EMS) often lacks specific analytics for professionals to perform the calculations across energy data to generate the insights required for compliance.”

The lack of depth in the functionality of EMS solutions, coupled with the age-old practice of doing mathematical calculations in Excel, leaves energy professionals frustrated with many of the time-intensive tasks associated with collecting, analysing and reporting data.

The European Union, along with other industry and standards bodies who enforce and maintain these mandatory and non-mandatory directives, provide guiding documents which advise on the requirements as well as the methods or formulas for which to perform the necessary calculations (eg. total annual CO2 emissions for a given year) for reporting to the applicable governing body or institution.

With this in mind, Wattics has developed the Formula Composer – a new tool – through which energy data can be analysed more efficiently. It eliminates the complexity and more importantly, the manual calculation of formula-based energy equations to achieve the insights needed in the decision-making process toward energy-saving actions and compliance with industry certification, standards and legislation such as ISO 50001, IPMVP, EU Emissions Trading Scheme, ESOS, LEED, Renewable Heat Incentive and many more.

 

Wattics Formula Composer helps you save tons of time otherwise spent crunching data through Excel 

You can read more about how Wattics can help your business to achieve a totally new dimension in energy performance analytics to determine a range of new insights and comply with climate and energy policy, standards and certification in the blog below:

Climate Change, Energy Policy and Achieving Compliance through Cloud-Based Energy Management