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Smart-building energy-management systems yield cost savings

One of the biggest challenges for commercial building owners and managers is how to reduce energy consumption and save money.

Indeed, almost 40% of energy consumed in the U.S. powers commercial and residential buildings, according to the U.S. Energy Information Administration.

But enabling smart technologies and real-time energy management systems can reduce costs by an average of 15%, as well as increase the bottom line by creating an environment that reduces energy waste and encourages employee productivity, according to the New York State Energy Research and Development Authority (NYSERDA).

GS Technologies Ltd (LON:GST), through its subsidiary, EMS Wiring Systems Pte. Ltd, provides services in the “Smart Building” sector. Smart Building is a diverse term that refers to the technological capabilities of buildings and other work place facilities.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.