Advanced M&V, the automated, continuous measurement of energy usage, peak demand, and savings to optimize programs and enhance evaluation (also known as M&V 2.0) is gaining traction as it enables utilities to benefit from deep, timely insights, improve the timeliness and value of third party evaluations, and better serve their customers.
Yet, with all of the new options available, it’s hard to know where to begin. Utilizing years of experience partnering with utilities, EnergySavvy has identified the six steps required for launching a successful advanced M&V solution.
With this brief guide, you’ll be equipped to get your organization started by helping you make the case internally, understand which application is right for you, identify the key stakeholders, scope the project, source budget from the right places, and hire the right partners.
For example, to begin you’ll first need to develop the internal business case and secure executive sponsorship by emphasizing the value advanced M&V delivers to the organization. Secondly, you’ll need to determine which type of advanced M&V best serves your needs: M&V 2.0, which supports and enhances program measurement with faster results, more granular insights, and increased accuracy, or Program Optimization, which helps program managers and implementers improve their programs and better manage contractors through continuous performance monitoring, intelligent QA/QC, and contractor scorecards.
Other steps on the way to advanced M&V success include identifying key stakeholders, securing the budget, and selecting the best vendor (requirements include utilizing best practices, sophisticated data handling and analytics, high security standards, being enterprise-class, and supporting cloud delivery).
Download EnergySavvy’s new guide, Advanced M&V: Six Steps to Getting Started, to learn more about each step and kickstart your path to near real-time, continuous measurement.