Our world is currently facing two particularly important trends: rising fossil fuel prices and concerns about climate change. Both create strong incentives for energy conservation. The World Business Council for Sustainable Development identified buildings as one of the five main energy users, where “mega-trends” are needed to transform energy efficiency.
The United States currently relies on an outdated, inefficient power system that fails to balance energy supply and demand. The recent emergence of the smart grid – a modernized electricity network using digital technology for metering and communication – further complicates the energy problem. Intelligent energy management offers a new class of solutions to this complex energy problem.