11 Best Energy Management Software in 2024 [Full Review]

Energy management software is an indispensable energy management solution that allows for efficient and cost-effective energy usage.

Effective energy management lets you reduce emissions generated by the electricity you use, lower your power bill, and help you transition to more sustainable energy options.

There are hundreds of energy management software packages that provide intricate and precise energy management solutions for a huge variety of applications.

Today, we’re covering the best energy management software solutions on the market and why you need them.

Let’s get right to it!

What is Energy Management?

Energy management is the implementation of various data-based optimization measures to reduce costs in the supply of energy.

This includes all the measures taken to reduce energy consumption, energy wastage, and the associated costs.

This may include everything from monitoring monthly energy bills, switching to energy-saving lights and equipment, improvements in existing insulation, installing a reflective roof covering, or improving heating and cooling equipment.

Energy management also includes more forward-thinking activities, such as creating financial projections for incorporating renewable energy services and adapting internal processes to lessen the need for electricity.

On average, energy represents 25% of all operating costs in an office building.

This expense can be reduced through proactive software management systems that include monitoring and optimization of an organization’s energy consumption.

Companies can also reduce their carbon emissions to meet both internal sustainability goals and regulatory requirements.

Energy Management & Technology

Energy management solutions have widespread applicability across various industries. By leveraging software-based solutions, businesses can streamline their operations, boost productivity, and promote sustainable farming practices.

Most energy management programs utilize digital technology. A good example is utility tracking software, which predicts future energy usage and plans energy budgets.

This is certainly a valuable tool for decision-makers to ensure that their energy management strategy meets their objectives and financial planning.

Enterprise management software uses IoT, advanced connectivity, and big data.

This not only enables a corporation to take advantage of energy data analytics to improve energy management but also mitigate its many challenges.

One should not confuse this broad energy management description with energy efficiency despite the overlaps between the two fields.

Energy management has many areas of application that include commercial and industrial properties, residential buildings, and municipalities.

Applications analyze unfolding data as well as individual asset information to compute ways to improve energy usage.

Steps in Energy Management

Energy management can be divided into four steps that add to its overall complexity yet produce profound value for suppliers and consumers alike:

1. Transparency

The initial step in any energy management project involves the monitoring of energy and analyzing the current state of the energy supply. Usually, the analysis is presented through numerical data and graphic visualizations.

These comprehensive reports offer a detailed and transparent insight into the current use of energy by each specific entity.

2. Optimization

Optimization derives from energy monitoring results, often consisting of a one-off measure like improved consumer metering or component replacements.

These measures translate to increased energy efficiency and lower overall costs.

Apart from reducing the total energy consumption, other goals are also fulfilled such as technical and regulatory requirements.

Examples include the minimum and maximum operating times of equipment or the optimization of grid charges.

3. Management

At the management level, electricity consumers, producers, and suppliers are analyzed to achieve an increased economic or ecological optimum.

Management measures differ from optimization measures as they are generally repeated and often automated.

Modern energy management incorporates conflicting goals into the management of components to achieve an overall optimum.

4. Integration

In short, integration involves an optimized property that is continuously managed by an energy management system in the local or national energy market.

For example, energy procurement can become more flexible and automated to reduce energy procurement costs.

The integration of “flexible properties” into the electricity market offers financial benefits for the property user. It also has an overall increased macro-economic benefit for society.

What Does Energy Management Software Do?

Energy management solutions come in the form of energy management software, also known as energy management systems (EMS).

Software solutions track and manage energy usage:

  • Real-time meter monitoring
  • Controls for the consumption of energy for heating and cooling systems in real-time
  • Energy usage monitoring and dashboards
  • Sustainability and carbon usage reporting
  • Create analytics based on energy consumption, make predictions, and devise energy-saving strategies.
  • Take automated actions to cut energy usage
  • Generate reports
  • Manage on-site energy generation, storage, and electric vehicle (EV) charging

These systems are designed to monitor, manage, and ultimately reduce energy consumption while amplifying energy savings across the board.

Energy software solutions have a variety of features pertinent to three categories:

1. Monitoring

The core feature of energy management software is real-time monitoring which translates consumption levels into data.

Information is typically gathered from a variety of sources, such as utility meters, IoT devices, weather stations, and various sensors.

Software solutions perform advanced analytical to build accurate trends for power consumption, emissions, expenses, and so on.

This information can then be used by companies as a yardstick for future energy-saving and sustainable initiatives.

2. Engaging

Using software to monitor real-time energy usage enables immediate notifications about consumption spikes or other anomalies.

The system can then take manual or automated actions to lower or streamline energy consumption.

A system connected to a larger grid contributes to reducing energy consumption and spending by dimming lights during off-hours. It can also help businesses to save and distribute surplus energy.

Software solutions provide instant feedback on how these actions affect energy usage and costs.

3. Reporting

Collecting data to compile reports is one of the key functions of industrial energy management software.

This software can save hundreds of hours on filing reports and calculating complex formulas that identify the company’s environmental impact.

Analytics help users visualize different factors that affect their energy usage.

From this, energy efficiency strategies can be developed to gauge and monitor their effectiveness.

Common Features of Energy Management Software

Energy monitoring is the core of many energy management solutions that allow users to view their energy usage at any point in time.

EMS provides reliable automation within the energy management process while streamlining it and boosting cost savings.

The software manages energy usage within internet-connected systems.

As IoT-connected devices become more prevalent, live monitoring sensors constantly transmit data to the energy management system.

This management feature allows users to adjust a company’s energy consumption.

  • An analytics dashboard feature provides users with a real-time analysis related to energy consumption across devices and systems. The dashboard produces visualizations for users to easily digest information.
  • With the benchmarking feature, users can assess their energy usage and efficiency performance against set benchmarks. This tool comes in handy for businesses that strive to achieve energy efficiency targets or reduce their energy consumption.
  • The report production feature produces reports on energy consumption for a given facility or multiple facilities. These energy monitoring reports can be used to make informed decisions related to energy policy to reduce overall consumption.
  • The systems integration feature connects the software with all energy-consuming systems and devices within a given facility. To monitor energy consumption, energy management systems must be connected to the devices they monitor to collect the necessary data.

This video by PREMOGroup will give you an idea of the many features incorporated into energy management software:

Pros & Cons of Energy Management Software

Pros: The Benefits of Using Energy Management Software

Improves energy efficiency: Energy management tools enable businesses to reduce their energy consumption by allowing the adjustment of consumption based on real-time data collected by monitoring devices.

Provides live data collection: Real-time energy consumption information aids managers in drafting and implementing energy policies via energy control systems focused on optimization.

Cloud-based energy management systems streamline energy data collection and provide easy access to that data.

Cons: The Challenges of Energy Management Software

Energy management systems rely on complete and accurate real-time data collected from all energy-consuming components of a business.

All energy-reliant components must have an internet-connected sensor or device to transmit data to the energy management solution.

Security is a leading concern for any organization with a multitude of internet-connected devices.

An EMS typically connects to many different energy-consuming devices, which may expose the company to potential security breaches.

To address this concern, security measures should be part of the initial energy management deliberations.

This will provide a robust and secure solution to mitigate potential risks after implementation.

11 Best Energy Management Software to Use in 2024

There are a multitude of options for energy management software, and many will meet your requirements.

But which software will be ideal for your company and help to reduce your energy costs and carbon footprint?

Here is our list of energy management software top achievers:

1. Metasys

Metasys Building Automation System is a comprehensive energy management solution for facilities.

It is a web-based platform that enables facility managers to manage and monitor all aspects of their building’s operations from a single interface.

Users can control lighting, HVAC, security, and other systems from one central location.

The ease of use allows you to make smarter decisions while enhancing work environment comfort, safety, and productivity.

Metasys Energy Management Software

Pros: Pros include improved energy efficiency while increasing comfort and safety.

Facility managers can monitor and control access to their buildings using keycards, biometric scanners, and other security systems.

Improves maintenance by providing facility managers with real-time data, allowing them to identify potential issues before they become serious problems.

Cons: No free trial or free version is available, and there is no hybrid deployment available.

Pricing: Free quotations and recommendations are provided specific to the requirements of a company or facility.

Rating: G2 rating is 4.1 out of 5 stars.

Website:  https://www.johnsoncontrols.com/building-automation-and-controls/building-management/building-automation-systems-bas

2. Fluke Energy Analyze

Fluke Energy Analyze Plus is a powerful software package designed to simplify data downloading, analysis, tracking, and reporting on power quality and energy data.

The software is equipped with user-friendly tools for data analysis that can assist you in obtaining crucial information about the energy consumption and power quality of your establishment.

Fluke Energy Analyze Plus offers flexibility and data analysis capabilities needed to make informed maintenance and facility management decisions.

Fluke Website Homepage

Pros: Fluke Energy Analyzer software can be integrated with almost any device.

Real-time data empowers facility managers to proactively detect potential issues, thereby enhancing maintenance efficiency.

This helps users quickly identify and resolve issues causing excessive energy consumption, which leads to significant energy savings over time.

Cons: Fluke operates on Windows, and claims suggest that this makes the analytics process more cumbersome.

However, Energy Analyzer Plus can run Windows as a virtual machine on a Mac desktop.

Pricing: Fluke Energy Analyze does not provide pricing information and should be contacted directly to obtain current pricing.

Rating: G2 rating is 4,3 out of 5 stars.

Website:  https://www.fluke.com/en-us/support/software-downloads/fluke-energy-analyze-plus

3. Energy Elephant

Energy Elephant is a multi-award-winning platform that provides a simple-to-use sustainability and energy management system to help organizations make better energy and sustainability decisions.

The company focuses on reducing costs, improving sustainability, and simplifying reporting.

The platform covers energy, water, waste, and greenhouse gas tracking, target setting, utility bill processing, reporting, analytics, and benchmarking.

Energy Elephant Website Homepage

Pros: A free trial of Energy Elephant is available.

Navigating the platform may be slow in the beginning, but it is an elaborate yet user-friendly tool that helps you to stay on top of your energy use tracking.

The software analytics saves a lot of manhours.

Cons: Some small businesses believe that the monthly subscription is too high.

Pricing: Energy Elephant has 3 pricing editions, from $200 to $1,990 per month.

Rating: G2 rating is 4.6 out of 5 stars.

Website:  https://energyelephant.com/

4. Kaizen

Copper Tree Analytics provides a comprehensive building analytics solution.

It consists of an Energy Information System and a Fault Detection and Diagnostics platform with integrated system performance auditing.

The software continuously monitors a building’s performance and energy consumption.

The software also measures and compares readings against optimal performance guidelines and its own baseline.

Alerts are issued with any fault detection or if performance falls below optimal levels.

Kaizen Energy Management Software

Pros: Pros include the ability of Kaizen software to centralize data from diverse sources and offer real-time insights into building performance.

The system also helps users to identify and prioritize areas for improvement.

Kaizen engages employees and encourages them to pinpoint issues and provide recommendations for corrections.

Cons: On the flip side, the learning curve can be difficult for novice users.

The reporting and visualization options in the program may be a bit limited to meet unique user demands.

Pricing: Kaizen should be contacted directly to obtain current pricing.

Rating: G2 rating is 4.7 out of 5 stars

Website:  https://www.coppertreeanalytics.com/

5. Brightly Energy Manager

Brightly Energy Manager allows organizations to manage their utilities, reduce waste, and reinvest in energy efficiency.

The software provides access to real-time data and advanced energy analytics.

Energy Manager enables data-driven discussions supported by intuitive reports and charts without prior energy expertise or training.

Easily identified billing errors and low-performing buildings result in operational savings.

Brightly Website Homepage

Pros: The platform creates reports, charts, and graphs on use/cost, carbon emissions, budget data, utility billing information, avoided costs, and more.

Once customized, data input is straightforward, and the platform is user-friendly.

Cons: On the downside, the ability to download the information/data into a program for more in-depth analytics is lacking.

Pricing: Contact Brightly Energy Manager to obtain current pricing.

Rating: G2 rating is 4,5 out of 5 stars.

Website:  https://www.brightlysoftware.com/

6. IBM Envizi ESG Suite

The IBM Envizi ESG Suite provides an easy-to-adopt SaaS solution with comprehensive data and analytics software.

The software collects, manages, and derives insights from environmental, social, and governance (ESG) data.

IBM Envizi creates a data foundation and automates the capture and consolidation of over 500 data types across siloed data sources into a single, auditable system.

In effect, the software accelerates decarbonization by unlocking insights for the most cost-effective pathway to achieve this goal.

The Envizi suite of cloud-based ESG software products provides accounting and reporting, utility bill analytics, interval meter analytics, and much more.

IBM Website Homepage

Pros: The software generates reports, dashboards, and visualizations to track various parameters. IBM products can also integrate with it, complementing flexibility and versatility.

Cons: On the downside, the cost can be excessive for medium and small-scale organizations.

The initial deployment of the suite can be challenging, and upskilling becomes necessary to use the platform effectively.

Pricing: Standard Tier starts at USD 45,000 per annum. Contact IBM Envizi ESG Suite directly to obtain current pricing for specific requirements.

Rating: G2 rating is 4,3 out of 5 stars.

Website:  https://www.ibm.com/products/envizi

7. EnergyCAP UtilityManagement

EnergyCAP UtilityManagement software is the award-winning foundation of a comprehensive utility bill accounting & energy management solution. EnergyCAP’s analysis and reporting functions deliver value across energy management, sustainability, accounting, and building operations.

EnergyCAP can identify inefficient facilities, evaluate the impact of energy conservation projects, and track emissions. It can communicate through live energy dashboards and provides a library of over 300 reports as well as streamline utility accounting and building operations.

Energy Cap Waste Management Software

Pros: Facility managers also benefit from access to comprehensive, detailed, and timely energy data through an easy-to-use, informative interface.

The EnergyCAP software, combined with its complementary services, enables you to work smarter and save more across your entire organization.

Cons: The dashboard and ENERGY STAR features should be updated more frequently, and the project management aspect could be improved.

Pricing: The Express Plan starts at $4,000.00. Contact EnergyCAP UtilityManagement for current and personalized pricing.

Rating: G2 rating is 4,8 out of 5 stars.

Website:  https://www.energycap.com/

8. Spacewell Energy by Dexma

Spacewell Energy by Dexma serves over 10,000 organizations across 35 countries and is a leading Energy Management Software for commercial and industrial buildings.

The cloud-based AI software platform combines big data analytics with energy efficiency to detect, analyze, and optimize energy consumption and costs while becoming more sustainable.

In 2007, the company founded its operations in Barcelona, Spain, and currently operates with a Global Partner Network comprising over 150 Energy Services Companies, Utilities, and Integrators.

Dexma Website Homepage

Pros: Spacewell Energy by Dexma provides a user-friendly website, and the tools provided are complimented with resources linked to research conducted.

Dexma’s on-demand control and real-time data earn praise for conserving energy and saving costs. Compared to its competitors, Spacewell Energy by Dexma is a cost-effective energy solution.

Cons: A company review suggests adding more training videos for new users.

Automated reporting and customer service still require support staff to deal with customer queries.

Pricing: Contact Spacewell Energy by Dexma to obtain current pricing.

Rating: G2 rating is 4.5 out of 5 stars.

Website:  https://www.dexma.com/

9. Cortex Intel

Cortex Intel is a software platform that learns how your equipment responds under different operating conditions.

The machine-learning platform delivers unique, daily start-up recommendations each morning.

These recommendations consider a broad range of variables to ensure that startup and shutdown times are optimized to save on energy usage.

The software analyses BMS data, meter data, billing history, occupancy information, and detailed weather forecasts that supersede human capability.

Cortex Intel Website Homepage

Pros: Cortex provides insight into day-to-day activities and recommends changes to decrease energy consumption.

Predictions from data analysis are highly accurate and help to overcome losses while increasing efficiency.

Cons: One review expressed concern over the collected data’s security.

Pricing: Contact Cortex Intel directly to obtain current pricing.

Rating: G2 rating is 4.7 out of 5 stars

Website:  https://get.cortexintel.com/

10. Simble

Simble provides energy intelligence and productivity software solutions. Software as a Service (SaaS) technology solutions cover two main markets. These markets are the mobility and energy management markets.

The software identifies energy-saving opportunities across all operations.

Furthermore, the software also improves productivity, reduces operational costs, and enhances engagement with your employees, customers, and suppliers.

Simble Website Homepage

Pros: Simble actively uses 37 technologies for its website, according to BuiltWith. These include Viewport Meta, iPhone / Mobile Compatible, and SPF.

Real-time energy monitoring helps identify ways to improve profitability, which is also a great benefit.

Cons: Limited use and availability is a noted concern.

Pricing: Contact Simble directly to obtain current pricing.

Rating: G2 rating is 4.7 out of 5 stars.

Website:  https://simblegroup.com/

11. The Hark Platform

The Hark Platform is an interconnected cloud-based sensor platform that allows users to monitor and gain insight into their environmental data in real time.

Any industry standard sensor can connect to the platform, offering a plug-and-play solution.

The use of data stored in the cloud achieves best-in-class security and worldwide access. The automated analysis provides unique insights into improving efficiency, maximizing yield, and subsequently reducing waste.

Hark Energy Management Software

Pros: The platform is user-friendly. The Hark platform analytics on energy use identifies and maintains problem equipment and directly controls high-energy assets. This results in significant financial savings.

Cons: Connectivity might be a problem for a few sensors, largely due to initial layouts.

Pricing:  The company negotiates prices with users for the three packages on offer, namely Hark Analytics, Hark Connect, and Hark Energy Tools.

Rating: G2 rating is 4.8 out of 5 stars.

Website: https://harksys.com/

Conclusion

Energy management software is pivotal to better energy management, reducing carbon emissions, and energy conservation.

Besides financial savings, state-of-the-art energy management solutions help to dampen the environmental impact of the energy sector.

Generally, these energy management solutions include real-time monitoring, data analytics, heating and cooling systems control, and sustainability reporting.

Real-time adjustments to energy consumption are key to the software tools designed to promote consistently efficient consumption.

Improved energy management solutions undoubtedly make the transition to clean energy easier. Most software has a solid foundation and, due to its flexibility, can adapt and adopt enhanced or new technologies.

Frequently Asked Questions

What is energy management?

Energy management refers to the various processes and data-based optimization measures used reduce energy consumption and costs in the supply of energy. Energy management systems or software allow you identify where you're using more power than you need, and at what times, so that you can optimize the distribution of power throughout your facility to use as little as possible. Read the full article to learn more about energy management.

What does energy management software do?

Energy management software tracks, analyzes and monitors your electricity usage, which provides insight into how you can adapt your business practices or electrical draw to reduce the amount of power you use, and save money in the process. Read the full article to learn more how energy monitoring software works.

Why is it important for companies to implement energy management practices?

Effectively managing how your business utilizes and consumes electricity cuts down unnecessary costs and reduces the carbon footprint of your business, which benefits the environment and alleviates some of the causes of climate change. Read the full article to learn more about the importance of efficient energy management practices.

References

IBM: Energy Management

Enertiv: What is Energy Management?

ScienceDirect: Energy Management

MINDK: Energy Management Solutions

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