Tokyo, Japan - October 20, 2020
Yokogawa Electric Corporation (TOKYO: 6841) announces the launch of a cloud-based solution that provides centralized energy and environment management for the enterprise segment. The development of this solution was made possible by the signing of a global partnership agreement with Green Koncepts, a Singapore-based IoT energy management solutions provider.
Building operations currently account for almost 30% of global final energy use and more than a quarter of energy-related CO2 emissions*. With building energy consumption and CO2 emissions showing every indication that they will continue to rise, many countries have assigned a high priority in their energy policies to the implementation of energy efficiency strategies. Through the offering of this new enterprise energy management solution, Yokogawa will address the compelling needs to reduce energy costs and improve facility management efficiency.
Yokogawa currently offers a range of products and services that help customers reduce and optimize energy consumption in their manufacturing and production facilities. The new solution extends the company's energy management capabilities from industrial facilities to the enterprise market, for use with buildings such as data centers and offices. In addition to managing the energy consumption of utilities, this solution provides functionality for the management of lighting, air quality, and occupancy.
The new enterprise solution connects sensors, meters, controllers, building management systems, and other IoT devices through an interoperability framework. The cloud-based solution aggregates and analyzes all energy-related data and helps energy managers identify underperforming facilities and processes, and monitor continuous performance improvement.
Enterprise energy management solution
Yukihiro Funyu, a Yokogawa vice president and head of Digital Strategy HQ and DX Platform Center in Digital Enterprise Business HQ, said, "The partnership with Green Koncepts enables Yokogawa to offer an IoT-based enterprise energy optimization solution for building and facilities management. It delivers real-time monitoring and AI-driven data analysis that aligns with our digital transformation goal of connecting the unconnected."
Kenneth Lee, founder and CEO of Green Koncepts, said, "This partnership provides Yokogawa with a robust and innovative IoT platform for its enterprise customers globally to enable smart facility and sustainability management, helping enterprises accelerate their digital transformation. Green Koncepts' cloud IoT platform offers plug and play integration with sensors and controllers. We make data acquisition simple and cost-effective by reducing the complexities and driving cost savings, operational efficiency, and productivity for their buildings."
* The United Nations Environment Programme (UNEP) (2019), 2019 Global Status Report for Buildings and Construction Sector
About Green Koncepts
Green Koncepts is a fast-growing Cloud IoT platform and solutions company optimizing work spaces for people, business and the environment through the power of innovation, digital technology and big data. Our solutions, from IoT Platform to Energy Management, Lighting Management, Air Quality Management, Occupancy Management, Condition Management and Data Centre Infrastructure Management, help businesses drive efficiency and sustainability. Green Koncepts enables digital transformation in enterprises, leveraging the power of AI and data analytics to deliver value for our customers and partners worldwide.
Founded in 1915, Yokogawa engages in broad-ranging activities in the areas of measurement, control, and information. The industrial automation business provides vital products, services, and solutions to a diverse range of process industries including oil, chemicals, natural gas, power, iron and steel, and pulp and paper. With the life innovation business, the company aims to radically improve productivity across the pharmaceutical and food industry value chains. The test & measurement, aviation, and other businesses continue to provide essential instruments and equipment with industry-leading precision and reliability. Yokogawa co-innovates with its customers through a global network of 114 companies spanning 62 countries, generating US$3.7 billion in sales in FY2019. For more information, please visit www.yokogawa.com.
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Helping enterprise to reduce energy costs and improve process performance without extensive and expensive equipment modifications. Under the digital transformation era, the energy management footprint of the evolutions, the technological borders, and application frameworks are widely adopted to create corporate visibility and value addition.