Smart energy company NetThings Ltd, the project managers, will install their cutting edge technology to collect energy data from businesses and experts from Edinburgh Napier University will carry out an energy audit of the premises.
The project team will explore the energy usage behaviour within the businesses involved in the study until October 2016.
The project will use this research to understand the way energy is consumed in small and medium sized business. The aim is to further develop this new technology to help the businesses reduce energy usage and carbon emissions, thereby reducing their fuel bills.
The businesses taking part in the SME Energy Challenge will face minimal commitments and zero costs while being given a greater insight into their energy management.
George McGhee, CEO of NetThings Ltd, said: "Many business owners are simply unaware of how much energy they are using, or when they are using it, and we know much of this will be expensive waste. We are confident that energy insight and the learnings from this project will help small and medium size businesses save significantly on their operating costs."
Jon Stinson, research assistant at Edinburgh Napier University’s Scottish Energy Centre, said: “Smart energy monitoring devices are now widely adopted to help reduce domestic energy consumption but is something that has not been readily adopted in the SME marketplace, where over 55 per cent cite increases in energy cost as an obstacle to the success of their business.
“Funding support from Innovate UK/EPSRC has brought together experts from Edinburgh Napier University in a project to assist with the goal of developing smarter, easier to install, energy management technology in order to identify poor energy performance and manage wasteful patterns of energy use for SMEs.”
Gillian Noble, Head of Energy Services and Obligations at ScottishPower, said: “We are delighted to be working in partnership for the benefit of ScottishPower SME customers, supporting academic research and developing technological solutions for reducing energy usage in the business sector.”
See the full terms and conditions and sign up to take part in the SME Energy Challenge. A Welcome Pack will be sent with full details of the research, before being contacted directly to arrange the installation of the energy monitor.
Source: Edinburgh Napier University