Retail stores

Improve operating income by reducing energy spending

Energy spending is significant in retail, with companies spending nearly $20 billion on energy each year.  A 10% decrease in energy costs has an equivalent impact on operating income as a 1.26% increase in sales for the average retail store. Key to achieving the benefits from energy reduction is the visibility into your energy cost drivers.

Identify the opportunity to reduce energy spending with real-time monitoring

Noveda's energy management solutions provide a 360° view of consumption patterns. Leveraging our real-time monitoring data, customers can uncover the source of energy waste and gauge the impact of actions taken to eliminate waste. Waste or inefficiency in energy use can be as much as 30%, according to the EPA.

Our retail customers use Noveda solutions to achieve operational savings and increase brand loyalty

  • With EnergyFlow, customers monitor multiple energy sources (electric, gas, steam, oil, heating, cooling) from one dashboard, adjust settings to  reflect occupancy and weather patterns, avoid demand peaks, and catch billing errors.
  • EnergyFlow CXL (Capex Lens) is used to identify energy waste on a load-by-load. Customers use the sub-metering with CXL to track return on capex, and for measurement & verification (M&V) credits for LEED certification.
  • PortfolioTracker enables customers to monitor energy consumption across multiple sites from a single dashboard. The information is normalized for variables such as square footage to enable prioritizing of energy efficiency investments, aggregation of  energy consumption across properties to negotiate better pricing.
  • Noveda's social media based platform offers a new touchpoint to engage with customers. Engage customers in corporate sustainability initiatives and improve brand loyalty.

Optimize your investment in wind/solar PV

Retail chains are expanding their investment in renewables to reduce their energy spending. Whether it is for one installation or for a portfolio of sites, we monitor from string level to the panel surface and the inverter, ensuring you maximize your return on solar PV at minimal maintenance cost.

Learn more

With the Noveda A+ solution, expect  to realize energy savings and increase brand loyalty;a software as a service (SaaS) solution that works right  out of the box, with no software to maintain or upgrade, and data that is accessible from anywhere.

Contact us and start saving right away.