When a car’s fuel is running low, a little dial will let you know, and on the average car you can bet you’ve got about 40km at most to go before you are truly out of juice.
Now, imagine having a dial or a light alert a building manager or homeowner that one of their air conditioning units is entering the first stages of a problem, getting to the AC unit in enough time to prevent it from using excess electricity to keep going.
As the Middle East region grows so too does their consumption of energy. Currently the energy consumption of the MENA region is second only to that of CIS. In a 2013 report from the World Energy Council, it is predicted that energy consumption in MENA will rise by as much as 114 percent by 2050.
In the UAE, buildings consume twice as much in energy as they should, according to Taka Solutions, an energy services company based out of Dubai. Utilities account for as much as 40 percent of operational costs for buildings in the Emirates.
In MENA and Turkey more broadly, the consensus among startups spoken to by Wamda is that most existing buildings could easily reduce their energy consumption by 25 percent – with very short payback periods – simply by implementing several energy saving measures.
Original article by Lucy Knight
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Industrial Internet and energy efficiency in the Middle East
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